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Tax Guide: Nigeria Social Insurance Trust Fund

Employers Compensation Act, 2010 was enacted to provide compensation...

 

 

Nigeria Social Insurance Trust Fund is responsible for the management of the Employees Compensation Act (ECA). This is in line with section 71(2) of the Pension Reform Act (PRA), 2004, section 57 of ECA 2010 and the provision of NSITF Act, 1993, which statutorily empowered NSITF to manage all social security insurance schemes other than pension.

Employers Compensation Act, 2010 is an act which establishes a Social Insurance Scheme designed to provide compensation to employees who suffer from occupational diseases, sustain injuries or disability from accident at work place or in the course of employment, whether at usual place of work or outside of it. It also provides compensation to the dependents of an employee who dies at or in the course of work. The goal of the act is to establish an Employee Compensation Scheme. 

 

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