Following an announcement provided by the Ministry of Education, the Federal Executive Council approved the opening of 36 new private institutions around the country on Monday.
During the special meeting chaired by Vice President Yemi Osinbajo, Minister of Education Adamu Adamu gave a press conference and stated that with this approval, there are now 72 private institutions operating across the nation.
According to Adamu, approval was provided in light of the value of education in boosting the nation’s economic prospects.
Chris Ngige, the minister of labor and employment, stated that the Employee Compensation Act (ECA) 2010’s universal implementation was also authorized by the Council.
He explained that the law is operated by the Nigeria Social Insurance Trust Fund (NSITF), noting that it is a replacement of the old Employee Compensation Act that was known as “Workmen Compensation”.
According to him, the Council has approved it for universal implementation, “meaning that apart from the private sector, that is already implementing, the public sector, which is government – federal, state and local governments – have now to adopt this for the protection of their workers”.