The Nigeria Social Insurance Trust Fund (NSITF) has urged employers to regard worker safety and social protection as strategic investments that enhance business competitiveness rather than as operational costs.
Speaking at the fifth Annual Summit of the Nigeria Employers’ Consultative Association (NECA) in Abuja on Monday, NSITF Managing Director, Dr. Oluwaseun Faleye, said businesses achieve stronger performance when employees feel protected and secure.
Dr. Faleye described the summit’s theme, “Leveraging Reforms and ESG for Enterprise Competitiveness and Inclusive National Growth,” as particularly relevant in light of the country’s evolving economic landscape.
“Across the country, businesses are adapting to reforms, responding to new realities, and seeking innovative ways to remain competitive while creating value for society,” he said.
Dr. Faleye stated that the NSITF views worker protection and enterprise growth as mutually reinforcing objectives. He added that government, employers, and workers each have a critical role to play and that collaboration built on trust and shared purpose delivers benefits for all stakeholders.
He further noted that a safe and confident workforce is more productive, resilient, and better equipped to support sustainable enterprise growth.
Dr. Faleye identified the Employees’ Compensation Scheme as the framework that provides confidence and protection for both employers and employees.
“As Nigeria pursues economic reforms, we must remain deliberate in ensuring that growth is inclusive and that no segment of our workforce is left behind,” he said.
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