NSITF (Nigerian Social Insurance Trust Fund): Their Functions And Office Addresses In Nigeria

What is known as Nigeria Social Insurance Trust Fund (NSITF) was formerly known as The National Provident Fund (NPF) was established by an Act of Parliament in 1961 to provide a poverty alleviation measure as required by convention No.102 of the International Labour Organization (ILO). The Scheme was targeted at protecting private sector employees (whose employers were then mostly  multinationals) from financial difficulties in the event of either old age, cessation of employment, invalidity or death since most employers then did not have such provisions in their employment policies.

In a sense, the provident fund scheme was a compulsory savings scheme – i.e. defined contributed scheme. The Act provided for monthly contributions by members at the rate of 6% of basic salary subject to a maximum of N8.00 per month or a sum total of N96.00 per annum to be paid in equal proportion by the employer and the employee. In the event of emigration from the country, employment cessation, old age, invalidity or death, the cumulative amount contributed plus accrued interest (7% as at 1994) calculated on a compound basis, was paid to the contributor or his/her dependent as the case may be. The Act was later amended by another Act of Parliament in 1962 to cover only employees in the private sector who were not covered by the Pension Service Scheme.

 

The NSITF Act

In addition, the Fund, under Section seventy one of the Pension Reform Act, 2004, is to supply “every contributive national social security Insurance Services aside from Pension in accordance with the NSITF Act, 1993”. The Fund has commenced the method of fitting place the required infrastructure to implement social insurance profit to the aged, unemployed, kid welfare and also the physically challenged.

 

NSITF Key Function And Registration Processes

• NSITF Ensures Social Responsibility and Advocacy among all members.
• Professional Management and Good Corporate Governance
• Transparency and Accountability is one of their key functions
• Make available Human Capital Development
• Ensure the Security of all Investible Funds

 

List Of NSITF Office Address In Nigeria

Corporate Headquarters,
Plot 794, Mohammadu Buhari Way, Central Business Area,

P.M.B. 446, Garki, Abuja, Nigeria.

+234 (09) 2918900, (09) 2911810

corporateaffairs@nsitf.gov.ng

 

ABA

192, AZIKIWE ROAD,
ABA,
ABIA STATE
NIGERIA.
+234 706 276 1990

 

ABAKALIKI

6, NWELE STREET,
G. R. A. ABAKALIKI,
EBONYI STATE,
NIGERIA.
+234 803 723 2083

 

ABEOKUTA

47/48, OLUSEGUN OSOBA ROAD,OKE-ILEWO, ABEOKUTA,
OGUN STATE, NIGERIA.
+234 803 320 6687

 

ABUJA REGIONAL

5, PORT-HARCOURT CRESCENT,
OFF GIMBYA STREET,
AREA 11, GARKI,
ABUJA,
NIGERIA.

+234 706 762 0005

 

AGEGE

I2, MOBOLAJI BANK ANTHONY WAY,
MARYLAND,
IKEJA,
LAGOS STATE,
NIGERIA.

+234 802 309 6113

 

AKURE

TISCO BUILDING, OWO ROAD, OPPOSITE BRIGADE STATION,
P. M. B 793, AKURE,
ONDO STATE.
NIGERIA.

+234 802 850 6526

 

APAPA

26A/B, MARINE ROAD,
APAPA,
LAGOS STATE,
NIGERIA.
+234 803 304 7995

 

ASABA

15, VALERIE HOTEL ROAD,
ASABA,
DELTA STATE,
NIGERIA.
+234 816 394 3872

 

ASABA REGIONAL

15, HOTEL VALERIE ROAD,
ASABA,
DELTA STATE,
NIGERIA.
+234 803 334 1423

 

AWKA

7, ROAD 2, ABUJA ESTATE,
AWKA,
ANAMBRA STATE,
NIGERIA
+234 803 379 1309

 

BAUCHI

MAIDUGURI ROAD, NEAR GUBI DAM OVER-HEAD TANK,
P. M. B. 35,
BAUCHI STATE,
NIGERIA.

+234 705 516 6797

 

BAUCHI REGIONAL

MAIDUGURI ROAD, NEAR GUBI DAM OVER-HEAD TANK,
P. M. B. 35, BAUCH STATE,
NIGERIA.
+234 803 309 5271

 

BENIN

5, ADESUWA GIRLS GRAMMAR SCHOOL ROAD,
OFF SAPELE ROAD, BENIN,
EDO STATE, NIGERIA.
+234 803 614 5565

 

CALABAR

PLOT 10, NEW IKANG ROAD,
P. M. B. 1282, CALABAR
CROSS RIVER STATE, NIGERIA.
+234 803 474 6905

 

DAMATURU

FEDERAL SECRETARIAT, GASUA ROAD,
DAMATURU, YOBE STATE,
NIGERIA
+234 703 288 0496

 

DUTSE

B14, 2ND FLOOR, FEDERAL SECRETARIAT, KIYAWA ROAD,
DUTSE, JIGAWA STATE,
NIGERIA.
+234 703 903 8088