The Nigeria Social Insurance Trust Fund (NSITF) has reiterated its commitment to safeguarding workers’ welfare through continuous compensation payments and robust social protection policies, revealing that it has disbursed over N1 billion in compensation.

Managing Director and Chief Executive, Oluwaseun Faleye, represented at the Lagos International Trade Fair by NSITF’s General Manager, Claims and Compensation, Nkiru Ogunnaike, shared data highlighting the Fund’s recent support for injured and deceased workers.

Faleye emphasized that the Fund views benefits compensation not merely as a policy but as a promise that “no worker will be left behind when life takes an unexpected turn.”

He explained that the NSITF had released hundreds of millions of naira to affected employees and their families under the Employees’ Compensation Scheme, a statutory safety net designed to protect workers from occupational hazards.

The Fund paid N42.5 million, along with a monthly benefit of N2 million, to the family of a deceased Depthwize Limited worker, while dependents of a Nigerian Breweries employee have received N76.07 million in ongoing compensation scheduled to continue until 2034.

“Depthwize, an Oil & Gas company, experienced a tragic boat capsizing resulting in a death. NSITF has paid N42,499,484.79 and a monthly benefit of N2,023,784.99 until the youngest child reaches 21,” the statement noted.

Faleye also reported N93.89 million paid to the dependents of a deceased Mobil Producing Nigeria staff member. Beneficiaries from Indigo Drilling collectively received N320.4 million covering three deceased and two disabled workers.

Other compensations included N20.77 million for Planned Parenthood Federation of Nigeria, N15.67 million for Zenith Bank, N20.27 million for Medplus, and N11.17 million for Unity Bank employees. Additionally, a National Assembly employee received N25 million for an occupational disease, while 39 Nigeria Customs Service employees were collectively awarded N484.2 million.

He further disclosed that a Nestlé Nigeria employee involved in a road traffic accident received N31.1 million, with ongoing medical reimbursements and disability allowances.

“Support is not passive; it is active, deliberate, and deeply human. It is what we provide when a worker is injured and extend when a family faces uncertainty,” Faleye said.

Highlighting the Fund’s tripartite structure, he stressed that government, employers, and employees form the backbone of a resilient social protection system.

“The employer contributes and complies, the employee’s welfare remains central, and the government provides legal frameworks and oversight to ensure fairness and transparency,” he explained.

Faleye urged all stakeholders to foster a culture of compliance, compassion, and accountability to guarantee that every Nigerian worker feels protected.

He concluded: “Behind every claim and every compensation is a human story—a father recovering from injury, a mother keeping her children in school, a young worker returning to work with renewed courage. A society that protects its workers prospers. Benefits compensation is not charity; it is justice, empowerment, and nation-building.”