Federal Government on Wednesday has disclosed its approval in the opening of employment and job creation portals for the unemployed Nigerians living in the country and in the Diaspora.
The Minister of Labour and Employment, Senator Chris Ngige made this known while briefing State House correspondents at the end of the Federal Executive Council, FEC, meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja.
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Senator Ngige also said that the council approved the digitization of the operations of the Nigeria Social Insurance Trust Fund, NSITF.
According to him:
The ministry presented two memos to council today. The first memo was presented on behalf of our parastatal, the Nigeria social insurance Trust Fund (NSITF).
As you’re aware, a lot has happened in the NSITF in terms of revenue losses and pillage of funds that have been given to that organization.
Ngige added:
The NSITF implements the Employee Compensation Act ECA 2010 and by that Act, Employers in both public and private sectors are supposed to pay one percent of the emoluments of their staff into a social fund in NSITF.
And this one is to be used as a primium or insurance fund to cater for workers or staff members who have accidents, injuries, disabilities and even deaths that occur in the cause of their work. So it’s like an accident or injury insurance.
