Nigerian Private Sector Warns Against Weakening Social Insurance Trust Fund Act

The private sector in Nigeria, represented by various organizations like OPSN, MAN, and NECA, has cautioned the National Assembly against weakening the Nigerian Social Insurance Trust Fund Act. They have expressed concerns over proposed amendments that could compromise the fund's governance structure and transparency.

The OPSN, in a letter to the Senate President signed by five directors general, strongly opposes the changes that could increase government control and political interference. The sector emphasizes the importance of maintaining the tripartite structure of the fund to protect the interests of contributors and beneficiaries.