By Chesa Chesa
The Nigeria Social Insurance Trust Sponsor (NSITF) says additional than 7.8 million workers are now covered under its Employees’ Settlement Scheme, during the time that standard claims processing time has dropped from 14 days to 10 days, as the Finance moves to build social protection a practical reality for Nigerian workers.
Faleye said the focus of social protection should go beyond what citizens are promised by law to what they actually understand when they become vulnerable.
On the Finance’s extent, Faleye said additional than 7.6 million workers were enrolled as of July 2026, together with the figure subsequently rising to over 7.8 million.
The scheme, he added, provides remuneration, survivor benefits, medical care, rehabilitation and result-to-task assist.
The summit, held at the Shehu Musa Yar’Adua Centre, had the theme, “Own Your Retirement: From Planning to Advance,” during the time that the policy dialogue session addressed “Amid Duty and Delivery.”
Faleye said the Employees’ Compensation Scheme, administered by NSITF, was an key module of that protection framework, covering employment-connected injury, occupational disease, disability and death.
“When we speak regarding retirement, we must commence much earlier than the aspect at which effort ends. Retirement security is shaped during effective life — by occupational risks, health, protection of earning capacity, return when harm occurs, and what happens to families when a breadwinner is lost,” he said.
According to him, pensions and individual savings, even although indispensable, do not send the complete social protection framework required for a guarded retirement.
He said a employee who remains healthy, beneficial and cautious during operating life has a independent pathway into former age from one who suffers a disabling injury or loses a breadwinner excluding sufficient protection.
The NSITF Managing Administrator/Principal Executive, Oluwaseun Faleye, disclosed this on Thursday at the 2026 Countrywide Pre-Retirement Summit in Abuja, where he argued that retirement security must be built during a personnel person’s current years rather than at the proposal of retirement.
He said NSITF was moving away from one-off registration exercises towards sustained participation and compliance across partnerships including federal institutions, declare governments, regulators, employers and organisations in the conversational economy.
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