NECA STRATEGIC IN EMPLOYEES’ COMPENSATION SCHEME – NSITF

The Nigeria Social Insurance Trust Fund (NSITF) has described Nigeria Employers Consultative Association (NECA) as a strategic social partner with whom excellent relationship is required for successful implementation of its programmes. NSITF Acting Management Director, Ismail Agaka, stated this during a courtesy call on the Director General of the Nigeria Employers Consultative Association (NECA), Mr. Olusegun Oshinowo, in Lagos recently.

He said: “It is important to relate with NECA, which is the umbrella body of organised employers in the country. Since the employees’ compensation scheme is fully funded by the employers even though it is the employees that get the benefit directly, it is important to continually engage NECA. Overall, we know that the greater benefits of a fit worker go to the employers because fitter employees give the best of their capability to the employers. Therefore, businesses thrives when the employees can work and have a rest of mind that he or she will be taken care of when there is a workplace injury or his family will be compensated and looked after in case of workplace fatality.” Mr. Agaka said the NSITF was institutionalising corporate governance structures to boost its operations and would clearly spell out procedures and processes of NSITF.

Mr. Oshinowo expressed satisfaction over the adoption of social dialogue in the implementation of the Employees Compensation Scheme (ECS). He said the support of the organised employers for the institutionalisation of corporate governance by the acting managing director into the operations of the NSITF. He called for early convocation of the interactive aspect of the Safe Workplace Intervention Programme (SWIP).

Culled from Dailytrust | Publish Date: Apr 18 2016 5:00AM