{"id":124184,"date":"2025-12-03T19:56:16","date_gmt":"2025-12-03T18:56:16","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=124184"},"modified":"2025-12-03T19:56:16","modified_gmt":"2025-12-03T18:56:16","slug":"nsitf-backs-new-bill-says-conflicting-laws-slow-operations","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/nsitf-backs-new-bill-says-conflicting-laws-slow-operations\/","title":{"rendered":"NSITF Backs New Bill, Says Conflicting Laws Slow Operations"},"content":{"rendered":"<div style=\"text-align: justify;\">By Tracy Moses<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The Managing Director and Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Barr. Oluwaseun Faleye, has warned that conflicting and overlapping social security laws have, for years, undermined the Fund\u2019s ability to deliver effective services to Nigerian workers. He said the long-standing legal confusion makes the proposed Nigeria Social Security Trust Fund Bill, 2025, not only timely but essential for restoring order and strengthening the nation\u2019s social protection system.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Faleye, who stated this in a memorandum submitted at a public hearing of the National Assembly, explained that the coexistence of the NSITF Act 1993, the Employees\u2019 Compensation Act (ECA) 2010, and certain provisions of the Pension Reform Act (PRA) 2014 had placed the agency in a difficult regulatory position. This, he noted, resulted in overlapping mandates, misinterpretations, and operational delays that ultimately hindered service delivery.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cFor years, operating under two principal Acts, while also navigating the implications of the Pension Reform Act, created avoidable overlaps in mandate and administration. The new bill brings clarity and strengthens the legal foundation under which we operate,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Faleye added that although the PRA 2014 transferred pension-related responsibilities to the National Pension Commission, Sections 84(2) and (3) still affirm NSITF\u2019s mandate to provide non-pension social security services. This duality, he said, has continued to fuel misunderstanding among the public, employers, and even some government institutions regarding the Fund\u2019s actual role.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">To address this, the NSITF chief expressed strong support for the bill\u2019s plan to consolidate the various laws into a single, coherent framework. He further backed the proposal to remove the word \u201cInsurance\u201d from the agency\u2019s name, saying the term has long contributed to public misconceptions that have discouraged uptake of the Employees\u2019 Compensation Scheme.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cStakeholders consistently told us that the word \u2018insurance\u2019 created cultural and emotional resistance. This change is informed by real experiences across communities,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Faleye described the new Nigeria Social Security Trust Fund Bill as a \u201cfresh beginning\u201d that aligns with President Bola Ahmed Tinubu\u2019s Renewed Hope Agenda and international labour standards, including ILO Convention 102 on Social Security (Minimum Standards) and Convention 144 on Tripartite Consultation.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He highlighted several key reforms contained in the bill, including electronic claims submission, expanded coverage for informal and self-employed workers, recognition of multiple spouses in line with cultural norms, establishment of trust accounts for underage dependants, and the formal inclusion of trado-medical practitioners in treatment processes.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to him, these innovations will modernise Nigeria\u2019s social security system, strengthen public confidence, and extend protection to millions of currently underserved citizens.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThis is not just a name change; it is a structural reform that will improve service delivery and reposition the Fund for broader social security responsibilities as endorsed by the International Labour Organisation,\u201d he added.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Faleye urged lawmakers to fast-track the passage of the bill to eliminate the regulatory bottlenecks that have hindered NSITF\u2019s operations for more than a decade, thereby enabling the Fund to fully implement its mandate.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Tracy Moses The Managing Director and Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Barr. Oluwaseun Faleye, has warned that conflicting and overlapping social security laws have,&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":89813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-124184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NSITF Backs New Bill, Says Conflicting Laws Slow Operations - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/nsitf-backs-new-bill-says-conflicting-laws-slow-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSITF Backs New Bill, Says Conflicting Laws Slow Operations - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"By Tracy Moses The Managing Director and Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Barr. Oluwaseun Faleye, has warned that conflicting and overlapping social security laws have,&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/news\/nsitf-backs-new-bill-says-conflicting-laws-slow-operations\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-03T18:56:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/12\/NSITF-1200x675.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nsitf-backs-new-bill-says-conflicting-laws-slow-operations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nsitf-backs-new-bill-says-conflicting-laws-slow-operations\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"NSITF Backs New Bill, Says Conflicting Laws Slow Operations\",\"datePublished\":\"2025-12-03T18:56:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nsitf-backs-new-bill-says-conflicting-laws-slow-operations\/\"},\"wordCount\":501,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nsitf-backs-new-bill-says-conflicting-laws-slow-operations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/12\/NSITF-1200x675.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/nsitf-backs-new-bill-says-conflicting-laws-slow-operations\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nsitf-backs-new-bill-says-conflicting-laws-slow-operations\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/news\/nsitf-backs-new-bill-says-conflicting-laws-slow-operations\/\",\"name\":\"NSITF Backs New Bill, Says Conflicting Laws Slow Operations - 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