Organised labour and the Nigeria Employers’ Consultative Association have rejected proposed amendments to the Nigeria Social Insurance Trust Fund Act. At a senate public hearing in Lagos, NLC president Joe Ajaero and NECA leaders described the bill as inconsistent with international standards and harmful to the fund’s governance.
They called for the bill’s immediate withdrawal and demanded tripartite consultations involving government, employers, and workers. Labour and employers warned that the amendments could expose the NSITF to legal, administrative, and financial risks, undermining its credibility and long-term stability.
NECA director-general Adewale-Smatt Oyerinde said the amendment’s foundation contradicts global best practices and key international labour conventions. He warned that weakening tripartite representation and centralising financial control could destabilise the country’s social insurance system.
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Oyerinde urged the national assembly to allow a tripartite review of the NSITF and Employee Compensation Act before drafting new legislation. The NSITF, however, supports the proposed bill, saying it will strengthen social protection.
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