For the informal sector, the premium is flat at ₦12,300 per annum while for those in the formal sector, the contribution is 5% of basic salary (1.75% by employee and 3.25% by employer). That means it depends on salary for those in the formal sector.
For the informal sector, the premium is flat at ₦12,300 per annum while for those in the formal sector, the contribution is 5% of basic salary (1.75% by employee and 3.25% by employer). That means it depends on salary for those in the formal sector.