The United Labour Congress (ULC) has called on government to work with relevant sector stakeholders, to put in place a hazard and life insurance package for workers exposed to the COVID-19 pandemic.
The Union argued that a proper insurance for these workers would indemnify them against the risks they are exposed to at this time as they go to work on daily basis.
President of ULC, Joe Ajaero, also called on the Federal Government to urgently send COVID-19 relief package to these set of workers who are yet to receive any.
ULC suggested the setting up of a comprehensive national response taskforce that would involve all the major national stakeholders in the battle against the disease.
They urged private sector employers who have their workers out during this period must also be compelled to put in place adequate compensation packages for the workers exposed to the vagaries of the pandemic.
It is either government makes the transfers directly to the affected workers or they work with the employers to put in place a scheme to take care of these workers.
“Being at the frontlines of this battle, we strongly believe that they ought to be at the frontlines of receiving this package if they do exist as we have seen in the media. They deserve it and our appreciation of these hard working men and women should not just be in commendation but in deliverables that would help them manage their lives and families more effectively at this time.
“It is only such an all-encompassing body that can craft an effective coherent strategy to defeat the pandemic in Nigeria. This is the experience we have coming out of the Ebola Outbreak and we must not allow that to be lost.
The union bemoaned the continued manhandling of essential services workers by security agencies, urging that their protection remains critical in the minds of all actors within the society.
ULC said if these workers cannot work, the battle against the disease is dead on arrival, adding that “It is only when the environment allows them to do their work unfettered that the collective effort against COVID-19 can be successful.”
Falekulo Emerges New MD Of Nigeria Re
Mr Olugbenga Falekulo has been appointed as the new Managing Director of Nigeria Reinsurance Corporation, as part of efforts to ensure that the Reinsurance firm continue in its quest for transparent and accountable management of insurance in the country.
Falekulo, with over 25 years of experience spanning across the sector, said he brought his wealth of experience and professionalism to the fore.
The new Managing Director stated that he and his team are prepared to take Nigeria Re to the next level in the market.
Although he did not disclose the strategic plans the new new management have put together, he assured that Nigeria Re is taking a new dimension in the insurance industry, promising that a new era is here for the company.
He has BSc in Insurance, Masters in Business Administration, and he is also a.member of the Chartered Insurance Institute of London.
Prior to this appointment, he had worked with NICON Insurance, Great Nigeria and Continental Re. He left Continental as an Exexutive Director before in 2014 and went into his private business.
He is well travelled and has attended so many courses within and outside Nigeria. He is married with children.
Nigeria Reinsurance has Mr Mela Audu Nunghe as its Chairman, Falekulo as Managing Director/Chief Executive Officer, Mr Olusegun Ilori as Executive Director, Finance & Administration, Mr Alexander Ayoola Okoh, the Director-General of Bureau for Public Enterprises (BPE) as Non-Executive Director, and Mrs Yvonne Isichei as Non-Executive Director (Independent).
Nigeria Reinsurance was established under the Nigeria Reinsurance Corporation Act No. 49 of 1977. It commenced operations on January 1, 1978, as Nigeria’s flag reinsurer, wholly owned by the Government of the Federal Republic of Nigeria. In 2002, the Corporation was transformed from being a Federal Government wholly owned Corporation to a privatised company with the government retaining some shares. The Corporation, which has been in operation for over 40 years, is in the business of assuming risks, providing reinsurance services and risk management solutions to its clients.
Pension Fund Assets Now N12. 7trillion, Contributors 9. 4million
By Sola Alabadan
The pension fund assets accumulated under the Contributory Scheme in Nigeria was N12.66 trillion as at 30 June 2021, while the number of registered contributors has grown to 9.38 million, the Director General, National Pension Commission (PenCom), Aisha Dahir-Umar, said.
She stated this at the workshop organised PenCom for journalists in Lagos on Monday. The theme of the workshop was “Positioning the Pension Industry in a Post COVID Era”.