Fifteen years after the Employees’ Compensation Act was signed into law, the Nigeria Social Insurance Trust Fund (NSITF) on Tuesday presented the first compensation cheques worth N31,720,570.5 million directly to five beneficiaries from treasury-funded Ministries, Departments and Agencies (MDAs). The maiden presentation held in Abuja, brought together families who lost loved ones or suffered workplace...
Category: Economy
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OYEDELE MOURNS FORMER MINISTER OF FINANCE, ALHAJI ABUBAKAR ALHAJI
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele; the Permanent Secretary, Finance, Mr. Raymond Omachi; the Permanent Secretary, Special Duties, Mr. Mohammed Sanusi Danjuma; and the management and staff of the Federal Ministry of Finance have received with deep sadness news of the passing of former Minister of Finance,...
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PERMANENT SECRETARY CALLS FOR STRONGER PARTNERSHIPS TO ADVANCE NIGERIA’S ECONOMIC TRANSFORMATION
‎‎‎The Permanent Secretary, Special Duties, Federal Ministry of Finance, Mr. Mohammed Sanusi Danjuma, has called for deeper collaboration between government and professional institutions as Nigeria intensifies efforts to build a more resilient, competitive, and robust sustainable economy.‎‎Speaking during a meeting with the leadership of the Nigerian Institute of Architects International Integrated Research for Development Conference...
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FG, STATES AND LOCAL GOVERNMENTS SHARE ₦2.551 TRILLION AS JUNE 2026 REVENUE‎
‎ ‎ ‎ ‎The Federation Account Allocation Committee (FAAC), at its July 2026 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has shared a total of ₦2.551 trillion among the Federal Government, the 36 States and the 774 Local Government Councils as Federation Account revenue for...
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NSITF MD Urges Partnership, Worker Protection at 5th NECA Summit
…Says ESG, reforms key to inclusive growth, enterprise competitiveness The Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Barr. Oluwaseun Faleye, has called for stronger collaboration between government, employers and workers to drive sustainable economic growth. Faleye made the call on Monday in Abuja while delivering a goodwill message at the 5th...
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Oyedele Delivers ₦39.63bn Lifeline to 24,814 Pensioners as PTAD Clears Long-Standing DBS Liabilities
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has reaffirmed his commitment to improving the welfare of Nigerian pensioners with the successful disbursement of ₦39.63 billion to 24,814 eligible Defined Benefit Scheme (DBS) pensioners, ending years of anxious waiting for thousands of retirees.‎‎Working under the supervision of the Federal...
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NSITF and South Africa’s Rand Mutual Assurance Sign MoU on Technical Cooperation and Knowledge Exchange
The Nigeria Social Insurance Trust Fund (NSITF) and Rand Mutual Assurance (RMA) of South Africa have signed a Memorandum of Understanding (MoU) formalising a framework for institutional cooperation across social insurance administration, occupational health and safety, and employee compensation. The agreement was signed on 25th June, 2026, at the conclusion of a three-day Strategic Technical...
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NSITF, South Africa’s Rand Mutual’s partnership will strengthen Africa’s social protection systems – Faleye…As the Fund Reaffirms Commitment to Strengthening the ECS
Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Barr. Oluwaseun Faleye, has said collaboration between the Fund and Rand Mutual Assurance (RMA) of South Africa would strengthen Africa’s social protection system. Faleye stated this on Tuesday when he hosted a high-level delegation from RMA South Africa led by the Group Chief Executive...
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FEDERAL GOVERNMENT ISSUES TRANSITION GUIDELINES FOR TAX ACTS 2025
The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026. Issued by the Federal Ministry of Finance, the Guidelines provide direction to taxpayers, tax practitioners, revenue authorities and...
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