The requirements to obtain Nigeria Social Insurance Trust Fund (NSITF) Compliance Certificate
The Employees’ Compensation ACT 2010 establishes the Employees Compensation Scheme (ECS) to replace the workmen’s Compensation scheme in line with global best practices and trends. The ECS provides compensation for employees who suffer injuries/diseases in the course of their employment. In addition, it provides rehabilitation for injured employees in work places and replacement of loss of productivity to the employer. It is a no-fault claim scheme
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The Nigeria Social Insurance Trust Fund is 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.
NISTF Compliance Certificate is one of the requirements you need as a corporate body to do business in Nigerian Oil & Gas sector and other government regulated services.
Private sectors make contribution for their staff called Employees Compensation Scheme Employees.
THE EMPLOYERS’ RATE OF CONTRIBUTION OR ASSESSMENT.
The employers’ rate of contribution is 1% of total payroll, consisting of total emoluments.
For you to get your company’s NSITF certificate, there will be a physical assessment of your employees’ wages by a NSITF staff to ascertain the amount you will for per month x by 12 months.
Read: DPR Permits Requirements, Cost & Categories
NSITF Application Requirements:
1. CAC Certificate
2. Evidence of Remittance of Monthly Contribution with your company letter head paper.
3. Tax Identification Number (TIN)
4. Directors ID
5. NSITF Payment Receipt
3. NSITF Previous Certificate (for renewal)
4. A letter for REQUEST FOR THE ISSUANCE OF COMPLIANCE CERTIFICATE with your company letter head and address it to below address.
“The Managing Director/ CE
Nigeria Social Insurance Trust Fund.
Plot 794 Muhammadu Buhari Way,
Central Business District,
Garki- Abuja.”
5. Staff List
6. Staff Payroll
Time Frame: The application can be completed in two or three days.
For help and other assistance: