Statutory
NSITF
Employer contribution (1% of payroll) to the Employees' Compensation Scheme.
The Nigeria Social Insurance Trust Fund administers the Employees' Compensation Scheme. Employers contribute 1% of total monthly payroll to cover employees against workplace injury, disability or death. It is an employer cost, not an employee deduction.
Related terms
Help & how-to
See it in practice
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The payroll run lifecycle, explained
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See it applied to real payroll
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