NLC seeks a clearer governance structure for the legislation

The Nigeria Social Insurance Trust Fund (NSITF) has expressed support for the proposed Nigeria Social Security Trust Fund Bill, 2025, describing it as a transformative step toward modernising the country’s social protection system.

The support comes on the heels of a call for clearer governance definitions by the President of the Nigeria Labour Congress, NLC, Joe Ajaero, to prevent overlap of roles, strengthen accountability, and improve implementation.

The position of the NSTIF was presented by its Managing Director, Oluwaseun Faleye, in a detailed memorandum submitted to the Senate Committee on Labour and Employment during the public hearing on the Bill held on Monday at the National Assembly, Abuja.

Ajaero, welcomed the effort to overhaul Nigeria’s social security framework but warned that major gaps in compliance and governance must be addressed to prevent the new law from inheriting the weaknesses of the existing regime.

The labour leader lamented the low level of compliance with current social security and compensation laws, which he estimated at almost 30 per cent.

Chairman of the Senate Committee on Employment, Labour and Productivity, Senator Diket Plang, assured participants that the Committee would carefully review the concerns raised by stakeholders.

The public hearing is seen as a significant milestone in the ongoing effort to modernise Nigeria’s social security legislation.