From Adanna Nnamani, Abuja
The Nigeria Social Insurance Trust Fund (NSITF) Tuesday, said it has paid a total sum of N306.5 million in the form of claims and compensations to its enrollees in the last four months.
NSITF also said it has within the same duration, successfully processed a total of 23,455 Employees Compensation Scheme (ECS) applications from across its 56 branches and issued 22,761 Employee Compensation Certificates.
The Fund further disclosed that it has commenced the process of automating its operational activities in line with the recent directive of the federal government.
NSITF Managing Director, Dr Michael Akabogu made this known at the Fund’s quarterly media parley with journalists in Abuja.
According to Akabogu, who was represented by Maureen Alagoa, Executive Director Admin, the paid claims and compensations cover medical expenses refund, loss of productivity and disability benefits to injured employees.
Others are; death benefits to next of kin of deceased employees and retirement benefits to disabled employees.
“As you would know, the mandate of the Nigeria Social Insurance Trust Fund (NSITF) is to champion the provision of the Federal Government’s social security programmes for Nigerian workers. We evolved from a Provident Fund Scheme to a Social Insurance Scheme and currently the Employees’ Compensation Scheme.
Within the past 6 months, the NSITF has achieved some milestone as far as the execution of her mandate is concerned.
“In the last 4 months, we have paid a total of Three hundred and Six million, Five Hundred and Fifty-Four Thousand, eight hundred and Ninety-six-naira twenty-three kobo (N306, 554,896.23) claims and compensations. These paid claims and compensations cover Medical Expenses Refund, Loss of Productivity, Disability Benefits to injured employees, Death benefits to next of kin of deceased employees and retirement benefits to disabled employees.