The new interim management of Nigeria Social Insurance Trust Fund (NSITF) has outlined plans to focus on the mission, core values and objectives for which the Fund was set up.
While addressing the management and staff at the headquarters of the Fund after the team’s inauguration in Abuja, the Acting Managing Director, Dr. Kelly Nwagha, stressed that members’ appointments were at the behest of President Muhammadu Bihari.
He therefore charged staff to strategically focus on the mission, core values and objectives of the Fund, which include seamlessly selling the employment injury scheme, prevention of workplace accidents, injuries and disabilities, rehabilitation as well as appropriate compensation for injuries and death as stipulated by law.
Nwagha pointed out that when these are appropriately applied, the outcome would ultimately improve employees’ morale and their productivity, with attendant higher return on investments for the employer.
“By happenstance, the injured employee is not performing at the desired capacity, the Fund then pays adequate compensation to the injured employee. This concept is represented by the International Labour Organization in a triage concept of prevention, rehabilitation, and compensation; in that order,” he stated.
He said that the new management would modify the Fund’s strategy and activities towards increasing the number of enrolees into the Employees’ Compensation Scheme, thereby increasing the financial portfolio of the Fund.
Nwagha further stated that the new management would be prudent with available funds, stressing that the NSITF is managing funds for the benefit of the employees and employers, a trust which must not be betrayed.
He assured staff of their adequate welfare considerations, and called on them to support the new management so as to shore up the trust Government would repose on the competence of staff and management.
He appealed to staff to feel free to bring forth implementable strategies and ideas that will add to the achievements of the previous management executives.
Reacting to the address, the NSITF Branch President of the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), Mr. Gbagbong Auta Mamfa, assured the new Management of the support of the Union and staff, assuring it of constructive engagement and criticism in the course of discharging their duties, especially on the issue of staff welfare.
The Nwagha-led management was inaugurated on Monday last week following the suspension of the the executive management the led by Barr. Bayo Somefun.