A Bill seeking to empower vulnerable Nigerians with social security benefits scaled second reading yesterday in the Senate.
The Bill, titled: “Nigerian Social Security Commission (Establishment, etc.) Bill, 2022,” was sponsored by Deputy President Ovie Omo-Agege.
In his lead debate, Omo-Agege said the Bill seeks to establish the National Social Security Commission (NASSCOM) that would regulate, manage and administer social security benefits to eligible Nigerians.
The Delta Central lawmaker said the proposed legislation would provide safety net for poor, weak and vulnerable Nigerians.
He explained that out of the nine domains listed in the Social Security (Minimum Standards) Convention, 1952 (Number 102) of the International Labour Organisation (ILO), which Nigeria is a signatory to, only employment injury benefit is statutorily covered in the country.
self-support, among others, would receive periodic social security benefits from the commission.
He added that the NASSCOM Bill is targeted at poverty reduction by providing a strong social safety net for vulnerable groups and serve as a model of governance reform anchored on the principles of transparency and accountability.
Senate Leader Yahaya Abdullahi (Kebbi State) and Deputy Chief Whip Aliyu Sabi Abdullahi (Niger North) supported the Bill.
They hailed Omo-Agege for the initiative, saying it would resolve the security challenges confronting the nation as the poor, the weak and the vulnerable would be provided safety nets.