NSITF

FCT Abuja
Opening Hours: 9:00am - 04:00pm

Nigeria Social Insurance Trust Fund (NSITF) Registration in Nigeria

In today’s world, many employers take advantage of employees through bad working conditions, health benefits, and no security. Standing up is hard for many and is the reason the Nigeria Social Insurance Trust Fund (NSITF) was established. The job of NSITF is to provide compensation to insured employees in case of work-related diseases, disability, injuries, or death. This holds when such a demise happens in the workplace or outside it.

The Federal Government of Nigeria established this trust fund to cater for employees’ work-related accidents. The Nigeria Social Insurance Trust Fund accesses and mandates all employers to comply with this initiative. It covers all work-related accidents and injuries to employees.

Our Speciality

QUALITY SERVICE DELIVERY

The Nigeria Social Insurance Trust Fund is a proactive and employee dedicated government institution committed to the welfare of employees in the event of work related accidents and injuries.

Over the past fifty years, the NSITF has moved from a Provident Fund Scheme to a Social Insurance Scheme and, currently the Employees’ Compensation Scheme.

NSITF is applicable to all employer and employee in the public and private sectors. Employers will, therefore, contribute 1% of employees’ monthly payroll to the NSITF in the first two years of commencement of the Act. (Payroll means remuneration defined in the Act, excluding pension contributions, bonuses, overtime payments, and one-off payments such as 13th-month income). Thereafter, NSITF Board will perform a risk assessment to classify contributions on workers’ exposure and estimate the appropriate payments. This contribution is not a deduction from an employee’s monthly salary. Rather, it is a statutory payroll contribution by an employer.

250000+

Claims Paid

1 Million+

Employees Captured

145000+

Employers Registered

We ensure that all complying employers recieve quality service round the clock

Benefits of NSITF

The benefits of NSITF are:

Ensuring financial compensation for work-related accidents
Provision of access to medical and rehabilitation services for affected employees
Robust coverage for occupational disease hazards.
Help and support for dependents in case of death, and
Promotion of safer work environments for all covered employees through risk management and compliance incentives.

Clientes Testimonials

Our Customers Feedback

Great Experience!

"I had a great experience with NSITF. The registration and claims process was smooth and efficient. The staff were professional and helpful, and the website is very informative. Highly recommend!"

Matthew J. Wyman

Senior Consultant

Awesome Opportonities

“Targetingconsultation discover apartments. ndulgence off under folly death wrote cause her way spite. Plan upon yet way get cold spot its week. Almost do am or limits hearts. Resolve parties but why she shewing. She sang know now always remembering to the point.”

Anthom Bu Spar

Product Designer

Best Support

Nicholas Natteau

Marketing Manager

Team Members

Meet our Executive Team Members

Mr Oluwaseun Faleye

Managing Director/CE

Mrs. Mojisolaoluwa Kehinde Alli-Macaulay

ED Operations

Prof GOC Okenwa

ED Admin

Adedeji Babatunde Adegoke

ED Finance

Learn more about the Contributory Pension Scheme

Under the provision of the NSITF Act, 1993 all employers of labour in the Private Sector registered under the Companies and Allied Matters Act (CAMA) 1990, either as companies or partnerships, regardless of the number of their employees or were sole businesses with a workforce of not less than five employees, were required to register as members of the NSITF Scheme and remit their contributions monthly. It was mandated to provide the following benefits and advantages:

Retirement pension benefit
Survivors benefit
Retirement grant
Death grant
Invalidity benefit
Invalidity grant and such other benefits as may be approved at different times by the Board.

The NSITF scheme was a defined benefit scheme which enabled contributions to benefit from pension and grants beyond their contributions. The new rate of contribution, which was effected after an actuarial analysis of the scheme, took effect from January, 2002. It was from the cumulative contribution that the cost of administering the Fund was funded and the surplus was invested in safe, liquid and profitable investment to generate income for the payment of benefits. Registered members were permitted, subject to certain qualifications, to receive pension and grants as benefits in the event of attaining the retirement age of 60 (or 55), invalidity or death, which would be paid to them or their survivors as the case might be.

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