Only four states in Nigeria have complied with the compulsory Group Life Insurance Policy (GLIP), which is stipulated in the country’s Pension Reform Act. According to the National Pension Commission, only Lagos, Niger, Osun and Rivers states have complied with the GLIP as of the end of September 2017. The commission added that the four… Continue reading Only four Nigerian states have insurance cover for workers.
Nigeria’s National Pension Commission (PenCom) has issued compliance certificates to 83 companies which serve as approval to bid for Federal Government contracts this year. This was against 13,592 issued in 2017. PenCom noted that the reduction in number is due to the reluctance of federal government Ministries, Departments, and Agencies, MDAs, to cooperate with it.… Continue reading Nigeria’s Pension Commission (PenCom) clears 83 firms for Federal Government contracts
The federal government of Nigeria has made budgetary provision to the tune of N5.4 billion as 2018 Group Life Insurance cover for its 89,000 workforce, in the 2018 national budget currently before the National Assembly (NASS). To this end, all Federal government workers who die or suffer accidents while in active service will have access… Continue reading 2018 National Budget: Nigeria’s Federal Government Plans Group Life Insurance For 89,000 Workers