Nigeria: Stakeholders Seek Nsitf Removal From Fiscal Responsibility Act

Stakeholders have called for the removal of the Nigeria Social Insurance Trust Fund (NSITF) from the Fiscal Responsibility Act 2007.

At a two-day retreat organised by the agency to strengthen legislative collaboration in Lagos, both NSITF management, the Senate and House of Representatives Committees on Labour and Employment, reaffirmed that the agency should not be classified as a revenue-generating agency.

According them the exemption of NSITF from the mandatory 50% revenue deduction imposed by…