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Top News In நைஜீரியன் சமூக காப்பீடு நம்பிக்கை நிதி Today - Breaking & Trending Today

Nigerian Pension Industry – A journey with definite destination -


 
 
Globally, matters pertaining to taking care of retired and aged citizens are of great concern to government. The concerns bother majorly on the non-availability of funds to pay the aged citizens who worked for the government, resulting in huge pension liabilities. The schemes in Nigeria prior to the commencement of the Pension reform were Pay As You Go and Defined Benefit in the public sector and Provident Fund/Nigeria Social Insurance Trust Fund (NSITF) for the private sector. Whilst a few private organisations have some forms of exit benefits, these were not sustainable pension arrangements as they do not provide for savings to cater for the employees’ livelihood during old age. ....

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The High Cost of Federal Procurement


THE PUBLIC SPHERE with Chido Nwakanma
Firms and individuals seeking to do business with Ministries Departments and Agencies of the Federal Government must scale a high barrier. The Government requires that they secure a “certificate of compliance” from no fewer than seven government agencies. Without those certificates, they cannot offer services.
The mandatories are CAC certificate of business registration, registration with the Federal Inland Revenue Service for VAT, withholding tax and corporate tax and registration and payments with the Nigerian Social Insurance Trust Fund. The firm or consultant should also have three years’ tax clearance certificate, PENCOM registration certifying a minimum of three staff and pension payment for those minimum three staff for at least three years at a minimum of N180, 000 per head. ....

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COVID-19: Nigeria may not access vaccines if... — Dr Casmier Ifeanyi


By Chioma Obinna
LAST weekend, the World Health Organisation, WHO denied the purported media report of the disqualification of Nigeria from the vaccine through the Pfizer-BioNTech COVAX facility. Nigeria will now benefit from the 16 million doses of the Oxford/AstraZeneca vaccine allocation.
However, criticism trails Nigeria’s exclusion as the 100,000 doses of Pfizer vaccines expected to arrive in Nigeria this month was no longer feasible.
Good Health Weekly spoke to a renowned Medical Laboratory Scientist and a Public Health Analyst, Dr Casmier Ifeanyi.
Ifeanyi said Nigeria is yet to get its act together in the procurement of vaccines.  For him, while queuing behind WHO/COVAX facility is good, Nigeria should rise up and build capacity in-country for sustainable production of vaccines. Excerpts: ....

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Breaking News | Breaking News NSITF directors abandon cars, scale fence to evade arrest


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After breaching Covid-19 safety guidelines on Wednesday, some management staff of the Nigerian Social Insurance Trust Fund (NSITF) were said to have abandoned their cars and scaled the perimeter fence at the M and M Event Centre in Area 11, Abuja to evade an arrest by an enforcement team.
It was gathered that the NSITF had summoned its staff from across the country for a promotional Examination exercise at the M and M Event Centre,  Area 11, Garki.
Following a tip-off, the Head, Media and Enlightenment of the Enforcement Team, Ikharo Attah, and his team had stormed the examination venue in order to enforce compliance with COVID-19 safety protocols. ....

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