1.4.1 Nigerian Social Insurance Trust Fund (NSITF)

1.4 Other payroll costs

Employers must contribute to the:

• Nigerian Social Insurance Trust Fund (NSITF), see 1.4.1
• Industrial Training Fund (ITF), see 1.4.2

This is an employer only contribution.

The Nigeria Social Insurance Trust Fund (NSITF) applies to all employers and employees in the public and private sectors. There is no employee headcount requirement for companies, but for sole trader businesses there must be five or more employees for NSIF contributions to apply.

The Employee Compensation Act (ECA) 2010 is the governing legislation.

The NSITF provides coverage to employees

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1.4 Other payroll costs

1.4.1 Nigerian Social Insurance Trust Fund (NSITF)

Nigeria

1.4.1 Nigerian Social Insurance Trust Fund (NSITF)

1.4 Other payroll costs