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NSITF: From Moribund To Nigeria’s Social Security Flagship


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This article was supposed to have come out during the last May Day Celebrations but due to some circumstances beyond my control, I couldn’t really piece it up together. But as a Nigerian who will always remain grateful to the transmutation of the Nigerian Social Insurance Trust Fund NSITF and as a son with aged parents, I find it difficult to take away the drive in me to ensure that Nigerians no matter their place of residence, religion or creed remain inundated with the good works that have taken place at the fund in the couple of years or so.
It is a common cliché that a well-informed society makes the society better. One major problem our country has faced over the years is that of lack of information. This makes it impossible for people to grow or make positive impact in the society. As a worker and an activist who have fought for better deal for Nigerian workers, I must state lucidly that what we are witnessing in the Nigerian Social Insurance Trust Fund NSITF is one of the major achievements of the past administration from the point of view of an average Nigerian worker. It will not be out of place to state that the last administration will always be referred to as the most labour friendly administration in Nigeria’s recent history. It will be recalled that aside raising the minimum wage of the Nigerian worker, this same administration came to the rescue of the Nigerian labour community by accenting to the Employees Compensation Act an act that provides for the compensation of workers who may have sustained injuries in the course of carrying out their duties.
The Employees Compensation Act which many consider as overdue has elicited strong hope in the Nigerian worker. This Act is made much better because it covers for both workers in private and public sectors. I remember one of my uncles who worked in a textile factory but whose service in the industry was caught short when his hand was accidentally amputated by one of the machines he was working with. The sad story this uncle of mine was that he was not even given the benefit that should have covered his amputated hand.
The above is not an isolated case because there are many more who are suffering such ugly plight in various sectors. The enactment of the Employee Compensation Act to compensate workers by the 7th Senate no matter the vitriol against them from any quarter will go down well as one of its success stories.
The fact that today the Nigerian social Insurance Trust Fund can be said to be the country’s flagship for social security cannot be overemphasized. Apart from the Employees Compensation Act, the NSITF under the Dr. Ngozi Olejeme led board is also saddled with the responsibility of providing social security to the aged and unemployed. To underscore the transformation of the NSITF from a moribund  government institution to Nigeria’s social security flagship and to buttress the impact of providing social security to the aged and unemployed, it is pertinent to quote the Managing Director of the board Mr. Munir Abubakar who posited that  “The lack of any kind of social security is more pronounced among the vulnerable groups such as people with disability, orphans, widows and old people who are largely outside the labour force and cannot count on family support and who have not made adequate provision for their own pensions.”  He therefore declared that the adoption of basic social security floor for Nigerians cannot be over-emphasized adding, “it will establish and implement a non-contributory social security scheme to provide protection floor containing basic social security guarantees that will ensure that over the life cycle of citizens of Nigeria in need can afford and have access to essential healthcare and have income security at least at a nationally defined minimum level. All persons ordinarily resident in the country will have the financial protection to access a nationally defined set of essential healthcare services including maternal healthcare, all children enjoy income security at least at a nationally defined minimum level through family/child benefits in cash or in kind aimed at facilitating access to nutrition, education and care. Those who are unable to earn sufficient income enjoy minimum income security through social assistance; maternity benefits, disability benefits, and other social transfer in cash or in kind. These are the benefits that are expected to accrue to Nigerian who are socially excluded.”
As the present administration gears up to impact on Nigerians, it is the expectations of all Nigerian workers that the legacy of Dr. Ngozi Juliet Olejeme as Chairman of the board of the Fund and the Munir Abubakar led management is sustained. Anything short of this will be a big disappointment to the Nigerian labour force.


Adams Ede contributed this piece from Port Harcourt the Rivers state capital

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