The requirement for Nigeria Social Insurance Trust Fund (NSITF) Certificate
The Nigeria Social Insurance Trust Fund is targeted at protecting private sector employees (whose employers were then mostly multinationals) from financial difficulties in the event of either old age, cessation of employment, invalidity or death since most employers then did not have such provisions in their employment policies.
NISTF Certificate is one of the requirements you need as a corporate body to do business in Nigerian Oil & Gas sector.
THE EMPLOYERS’ RATE OF CONTRIBUTION OR ASSESSMENT.
The employers’ rate of contribution is 1% of total payroll, consisting of total emoluments.
For you to get your company’s NSITF certificate, there will be a physical assessment of your employees’ wages by a NSITF staff to ascertain the amount you will for per month x by 12 months.
The Required Documents for the NSITF Certificate Application are:
1. Evidence of Remittance of Monthly Contribution with your company letter head paper.
2. NSITF Payment Receipt
3. NSITF Previous Certificate
4. A letter for REQUEST FOR THE ISSUANCE OF COMPLIANCE CERTIFICATE with your company letter head and address it to below address.
“The Managing Director/ CE
Nigeria Social Insurance Trust Fund.
Plot 794 Muhammadu Buhari Way,
Central Business District,
5. Staff List
6. Staff Payroll
How to apply for NSITF Certificate
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