The Nigeria Labour Congress, NLC, has announced an emergency
meeting to discuss the proposed Nigeria Social Insurance Trust Fund, NSITF
Bill.
The announcement was made in a notice by the union
spokesperson, Benson Upah, on Wednesday.
The sole agenda of the meeting is to deliberate on the NSITF
bill, which has undergone its second reading in the Nigerian Senate. The bill,
aimed at amending the NSITF Act, has been strongly rejected by the NLC on the
grounds that it is ill-motivated.
Speaking on the NLC’s stance regarding the bill, Upah said,
“We are strongly opposed to the bill, it is ill-motivated, ill-advised and will
spell doom for the letter and spirit of what NISTF ought to be.”
Barely two days ago, the organised private sector of Nigeria
also opposed the bill, stating that it would benefit the government at the
expense of employees and other stakeholders.
The bill, which seeks to repeal the existing NSITF Act and
replace it with the Nigeria Social Security Trust Fund Act 2025, was sponsored
by Senator Fasuyi Cyril, an All Progressives Congress senator representing
Ekiti State in the 10th National Assembly.
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