The Nigeria Labour Congress (NLC) and the Nigeria Employers’ Consultative Association (NECA) have opposed the proposed amendments to the Nigeria Social Insurance Trust Fund (NSITF) Act, which seeks to consolidate the NSITF Act and the Employee Compensation Act (ECA) into a single law.

During a Senate public hearing in Lagos, NLC President Joe Ajaero and NECA leadership argued that the amendments:

• Are inconsistent with international standards and labor conventions.
• Could weaken tripartite representation, centralize financial control, and expose the fund to legal, administrative, and financial risks.
• Threaten the fund’s credibility and long-term sustainability.

NECA’s Director-General, Adewale-Smatt Oyerinde, stressed that while reforms are welcome, they must strengthen institutions, enhance transparency, and safeguard the fund’s sustainability. He urged the National Assembly to conduct a tripartite review of the NSITF and ECA before drafting new legislation.

The NSITF, however, supports the bill, claiming it will strengthen Nigeria’s social protection system.