NSITF pays N2.5b compensation in 7 years

The Nigerian Social Insurance Trust Fund (NSITF) said compensations to the tune of N2.5 billion has been paid to Nigerians in seven years.

The General Manager of Lagos Region of the scheme, Mrs Olufunke Aleshinloye, stated this during the week at the ongoing Lagos International Trade Fair.

According to her, “since 2011, we have paid about N918million as claims for death, N790 million for medical expenses, and N194million for disability benefits. We have also made additional payments for referral of persons under the scheme for further treatments. In total, we have disbursed over N2.5 billion for payment of claims.”

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Aleshinloye further noted that among the number of people registered under the scheme, 395,000 persons are currently receiving regular claims while 54 persons have received artificial limps.

“Patronage in the scheme has increased. In the Lagos region alone, we have recorded over 20,000 employers who have joined the scheme. That shows you the level of compliance we are getting from employers”, Aleshinloye said.

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