The Nigeria Labour Congress (NLC) has announced an emergency meeting to discuss the controversial Nigeria Social Insurance Trust Fund (NSITF) Bill. The notice was issued by the union’s spokesperson, Benson Upah, on Wednesday.
The meeting will focus solely on the NSITF bill, which has passed its second reading in the Nigerian Senate. The bill aims to amend the existing NSITF Act but has faced strong opposition from the NLC, which describes it as ill-motivated and detrimental to the NSITF’s core purpose.
Upah stated, “We are strongly opposed to the bill; it is ill-motivated, ill-advised and will spell doom for the letter and spirit of what NSITF ought to be.”
Just two days earlier, Nigeria’s organised private sector also voiced opposition to the bill, warning that it would favour the government at the expense of employees and other stakeholders.
The proposed legislation seeks to repeal the current NSITF Act and replace it with the Nigeria Social Security Trust Fund Act 2025. The bill is sponsored by Senator Fasuyi Cyril of the All Progressives Congress, representing Ekiti State in the 10th National Assembly.
