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

The National Provident Fund (NPF) was established by an Act of Parliament in 1961 to provide a poverty alleviation measure as required by convention No.102 of the International Labour Organization (ILO).

The Scheme was targeted at protecting private sector employees (whose employers were then mostly multinationals) from financial difficulties in the event of either old age, cessation of employment, invalidity or death since most employers then did not have such provisions in their employment policies. In a sense, the provident fund scheme was a compulsory savings scheme – i.e. defined contributed scheme.

Following the enactment of the PRA, NSITF ceeded its pension’s business. In compliance with the Section 42 of the PRA 2004, NSITF incorporated a subsidiary company, Trustfund Pensions Plc in partnership with other stakeholders viz: MainStreet Bank(Afribank Plc), Denham Management Limited, Nigeria Employers Consultative Association, Nigeria Labour Congress and Trade Union Congress in 2004.

NSITF owns majority shares of Trustfund Pensions Plc which was licensed by the National Pension Commission in December 2005 and commenced operation in January 2006 having transferred assets in excess of N54billon to the TrustFund Pension Plc.

Cases of industrial accidents, injuries and diseases are being promptly treated as they are reported, in full compliance with the provisions of the Act and to the satisfaction of the stakeholders in pursuance of the following objectives of the ECA:

  1. To provide a fair, guaranteed and adequate compensation for all insured employees in case of any injury, disease, disability or death arising out of, or in the course of employment.
  2. To rehabilitate employees who suffer work – related injuries, disabilities, or occupational diseases.
  3. To establish and maintain a solvent compensation fund, which will be managed in the interest of both employees and employers.
  4. To provide for a fair and adequate assessment of employers’ risk rating and ensure appropriate contribution is paid.
  5. To provide a claims procedure that is simple, fast and less cumbersome for the injured persons, or their dependants in case of death.
  6. To promote the enforcement of occupational safety and health standards in the workplace.

Corporate Headquarters, Plot 794,
Mohammadu Buhari Way,
Central Business Area,
P.M.B. 446, Garki,
Abuja, Nigeria.
+234 (09) 2911810
+234 (09) 2918900
[email protected]