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 to DAILY POST 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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