• About
  • Advertise
  • Privacy & Policy
  • Contact
Elanza News
Advertisement
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • ABOUT US
  • CONTACT US
No Result
View All Result
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • ABOUT US
  • CONTACT US
No Result
View All Result
Elanza News
No Result
View All Result
Home News

FG Approves N15bn Infrastructure Upgrade Concession For Phase Two Of e-NSITF

Elanza by Elanza
April 20, 2023
in News
0
FG Approves N15bn Infrastructure Upgrade Concession For Phase Two Of e-NSITF
Share on FacebookShare on Twitter

The federal government has approved the phase two of the electronic Nigeria Social Insurance Trust Fund (e-NSITF), which will enable concessionaires to upgrade the infrastructure for N15 billion.

Chris Ngige, minister of labour and employment, spoke to journalists at the end of the federal executive council (FEC) meeting, presided over by Vice-President Yemi Osinbajo on Wednesday.

Ngige said Nigeria operates under the Employee Compensation Act (ECA), 2010.

Under the ECA, employers are expected to make a minimum contribution of 1 percent of the total monthly payroll into the employees’ compensation fund.

“Therefore, what we are trying to do is to align the contributions of NSITF to make it fraud-free. People should be able to make the contributions of workers with ease even from the comfort of their office and generate certificates,” he said.

“You know that the ECA makes it mandatory for all employers to insure through a token contribution of percent (sic) of emolument of their workers to the fund called social trust fund of the NSITF.

“And that is the fund with which, if you have an accident or disease condition or debt or disability in the course of work, you can make a claim, like an insurance claim.

“So, we now want to refine it, because there are cases of enforcement officers going to companies to tell the company ‘well, you have 1000 workers, but you can pay for only 100’. That is shortcutting the organisation. There are losses of revenue from that.”

Ngige said FEC had earlier approved phase one of the e-NSITF, which is “minimal infrastructure and cloud activity”.

“Now is for a concessionaire to do infrastructure and upgrade in the neigbourhood of N15 billion and then after that, it will take some percentage on incremental revenue that accrued. It will make the form more liquid now and we will be able to do our functions appropriately,” Ngige said.

“So, the council gave the go-ahead today and approved it and directed ICRC, which is the body that is authorised by law to enter into such concession to continue the process and liaise with the office of the attorney-general of the federation.”

The minister said the council also granted approval for the amendment of obsolete laws of the country, in line with the International Labour Organisation (ILO) standard.

“The labour laws of the country, as presently being operated, are really obsolete laws. And the ILO has pointed out that we need to bring our laws to be concurrent with international labour standards and conventions and principles at work,” he. said.

Like this:

Like Loading...
Previous Post

NDE Commences Registration Of Unemployed Youths In Taraba

Next Post

Man City Stun Bayern To Reach UCL Semifinals

Elanza

Elanza

Next Post
Man City Stun Bayern To Reach UCL Semifinals

Man City Stun Bayern To Reach UCL Semifinals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow us on

  • Trending
  • Comments
  • Latest
Kaduna Guber:  Don’t Throw Kaduna Into Crisis, Group Warns INEC

Kaduna Guber: Don’t Throw Kaduna Into Crisis, Group Warns INEC

March 20, 2023
2023 Guber Polls: Kaduna PFN Urges Citizens Not To Despair

2023 Guber Polls: Kaduna PFN Urges Citizens Not To Despair

March 14, 2023
Breaking News: Governor Uzodinma, Wike, Bello Others Shortlisted On United States Visa Ban List

Breaking News: Governor Uzodinma, Wike, Bello Others Shortlisted On United States Visa Ban List

May 17, 2023
Review Kaduna Election Results Now, Protesters Tell  INEC

Review Kaduna Election Results Now, Protesters Tell INEC

March 23, 2023

Polygamy Major Cause Of Poverty In The North – Emir Sanusi

0

Rerun: Gunmen Hijack Election Materials In C/River, Abduct INEC Staff

0

Alleged N11m COVID- 19 Palliative In Nasarawa And The Verdict, By Musa Adamu

0

COVID-19: Senate President Distributes Palliatives To Thousands In Damaturu, Yobe North

0
Kano Governor Investigates Dadiyata’s Mysterious Disappearance In Kaduna

Kano Governor Investigates Dadiyata’s Mysterious Disappearance In Kaduna

May 29, 2023
Uba Sani Promises All-Inclusive Government, Assures Of Tackling Insecurity

Uba Sani Promises All-Inclusive Government, Assures Of Tackling Insecurity

May 29, 2023
President Bola Ahmed Tinubu Has Approved His First Appointment Hours After He Was Sworn In To Power

President Bola Ahmed Tinubu Has Approved His First Appointment Hours After He Was Sworn In To Power

May 29, 2023
Tinubu Gives Presidential Inaugural Speech

Tinubu Gives Presidential Inaugural Speech

May 29, 2023

Recent News

Kano Governor Investigates Dadiyata’s Mysterious Disappearance In Kaduna

Kano Governor Investigates Dadiyata’s Mysterious Disappearance In Kaduna

May 29, 2023
Uba Sani Promises All-Inclusive Government, Assures Of Tackling Insecurity

Uba Sani Promises All-Inclusive Government, Assures Of Tackling Insecurity

May 29, 2023
President Bola Ahmed Tinubu Has Approved His First Appointment Hours After He Was Sworn In To Power

President Bola Ahmed Tinubu Has Approved His First Appointment Hours After He Was Sworn In To Power

May 29, 2023
Tinubu Gives Presidential Inaugural Speech

Tinubu Gives Presidential Inaugural Speech

May 29, 2023
Elanza News

Elanza News is a hard copy, multimedia and digital platform that gives general news. We thrive to give accurate and timely information to our readers all over the world through our trained and experienced editorial staff. We will defend both the rich and the poor and ensure that all legitimate businesses thrive. For advert placement please call:
+234 8103858616

Follow Us

Browse by Category

  • Business
  • Education
  • Entertainment
  • Fact Check
  • Health
  • Life
  • News
  • Opinion
  • Politics
  • Security
  • Sport
  • Uncategorized

Recent News

Kano Governor Investigates Dadiyata’s Mysterious Disappearance In Kaduna

Kano Governor Investigates Dadiyata’s Mysterious Disappearance In Kaduna

May 29, 2023
Uba Sani Promises All-Inclusive Government, Assures Of Tackling Insecurity

Uba Sani Promises All-Inclusive Government, Assures Of Tackling Insecurity

May 29, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 Elanza News - Designed and managed by Fidev Agency.

No Result
View All Result
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • ABOUT US
  • CONTACT US

© 2023 Elanza News - Designed and managed by Fidev Agency.

%d bloggers like this: