The Nation Newspaper

Tag: NSITF

  • NSITF MD laments falsification of claims

    NSITF MD laments falsification of claims

    The managing director of the Nigeria Social Insurance Trust Fund (NSITF), Oluwaseun Faleye, has identified fraudulent claims as a core challenge facing the agency.

    Faleye said this during the West Africa Technical Workshop of the International Social Security Association(ISSA), in Conakry, the capital of Guinea.

    Speaking on the topic: “Strategic Role of Actuarial Work in Strengthening Social Insurance Delivery at NSITF,” Faleye lamented that falsification of claims exposes the agency to operational risks. 

    In a statement by the Deputy General Manager and Head Corporate Affairs Department at NSITF, Alexandria Mede the MD also stated that partial digitisation often affected turn-around time and limited partnership with other social security institutions, describing it as one of the factors militating against an effective social security system.

    The NSITF managing director decried the low enrollment under the Employee Compensation Scheme, which he stressed was designed to grant relief to workers who suffer workplace injuries or death. 

    He said the unstructured informal economic sector which makes up about 80% of Nigeria’s economy, limited enrollment and diminished the safety nets for those enrolled.

    “NSITF’s attendance at the gathering indicates Nigeria’s return to the table at ISSA and the safety international scene of the social security industry while Industrial watchers opined that this comes with plenty of benefits for the country.

    Read Also: NSITF calls for robust risk assessment through AI, digitalisation

    “The gathering affords Nigeria the opportunity to keep abreast of international developments and global best practices in the Social security sector to better reposition the Fund for growth and sustainability.

    “The workshop with the theme: ‘Actuarial work for good governance and financial resilience of social security in West Africa’”.

    “The words of the NSITF MD further underscores a giant strive by Nigeria to connect back to the international community through ISSA in order to reposition the fund through the required guidelines especially in valuations that produces sustainability of the scheme and good governance,” the statement added. 

  • Safety at work 2025: AI not a threat to workforce, says NSITF

    Safety at work 2025: AI not a threat to workforce, says NSITF

    The regional manager of the Nigeria Social Insurance Trust Fund (NSITF), Ibadan, Mrs. Toyin Emeordi, has allayed fears and concerns of Artificial Intelligence (AI) posing a threat to the jobs of NSITF employees.

    She, however, said that AI would enhance productivity, efficiency and empower workers by enhancing their knowledge on productivity and Safety in the organization.

    Speaking during the commemoration of the World Day for Safety and Health at Work with the theme, “Revolutionising Health and Safety: The role of AI and Digitisation at Work” at the Ibadan Regional office, Emeordi noted that all NSITF staff members are enlightened to leverage AI technology to their advantage.

    According to her, every staff member of the organisation is well informed and prepared, particularly with the ongoing digitisation and modernisation activities, under the leadership of the Managing Director and the management team of the Fund.

    Emeordi also harped on the importance of observing safety protocols at work, particularly with the increasing use of AI.

    She commended the establishment’s performance in the compensation scheme for employees and employers, attributing its success to effective management and a commitment to excellence.

    Earlier, the Principal Manager and Head of Health, Safety and Environment Units, at the Ibadan branch office, Mr. Olowokere Sunday, while addressing the workers, advised them to prioritise their safety and well-being.

    Read Also: NSITF calls for robust risk assessment through AI, digitalisation

    He urged all employees to always follow safety rules, warning that their lives should not be exposed to danger at Work.

    He further highlighted the critical role of NSITF in providing support to employees and employers, including medical refunds, disability benefits, and death benefits.

    “A lot of people have benefited from NSITF. We take care of employees who are still active and provide benefits to those who are disabled or deceased”, he added.

    Parts of the event to mark the World Day for Safety and Health at Work, saw the NSITF staff members, management team and some members of the public participated in a walk to raise awareness and promote physical fitness.

  • NSITF calls for robust risk assessment through AI, digitalisation

    NSITF calls for robust risk assessment through AI, digitalisation

    The Nigeria Social Insurance Trust Fund (NSITF) has called on stakeholders to collaborate in developing and implementing sustainable, technology-driven strategies to mitigate risks associated with Artificial Intelligence (AI) and digitalisation.

    Speaking at the World Day for Safety and Health 2025 event held in Lagos, themed “Revolutionising Health and Safety: The Role of AI and Digitalisation”, Regional Manager, Mainland, Agboma Okoroafor, said that governments, employers, and workers must invest in robust risk assessment and management strategies for emerging technologies.

    “At the NSITF, we recognise that navigating the digital transformation of workplace safety is not just about deploying technology, it requires a human-centred approach. We are actively developing strategies that integrate human judgement and action with digital systems to create safer, more efficient working environments,” Okoroafor said

    She explained that the advantages of AI and digitalisation in occupational safety and health (OSH) are substantial, citing the use of robotics and AI to perform hazardous or repetitive tasks, thus minimising human exposure to confined spaces, heights, and dangerous substances.

    Okoroafor also emphasised that since its establishment, NSITF has disbursed billions of Naira in compensation for workplace injuries, diseases, and fatalities, while leading extensive OSH awareness campaigns that have significantly reduced workplace incidents across Nigeria.

    The Mainland Branch Manager of NSITF, Abimbola Yakubu, said that health and safety have always been at the core of productive work environments, but traditional systems are often reactive, compliance-driven, and slow to adapt.

    Read Also: NSITF to drive employees’ compensation scheme compliance

    “We are entering a new era now, where data is not just collected, it is interpreted, predicted, and acted upon in real time. And this transformation is being driven by Artificial Intelligence and digital technologies.” Yakubu said.

    She added that NSITF, being the body mandated to compensate employees who suffer work-related injuries, disabilities, or death, and to prevent workplace accidents, has consistently advocated that robust occupational safety and health programmes are the foundation of employee compensation.

    “This has been practicable through effective Occupational Safety and Health (OSH) audit and inspection, OSH enlightenment and advocacy, and accident investigations carried out by our correspondents at workplaces to bridge non-conformity to safety.”

  • FG inaugurates NSITF’s board

    FG inaugurates NSITF’s board

    The Federal Government has inaugurated members of the Nigeria Social Insurance Trust Fund (NSITF) Governing Board.

    Mr Muhammad Dingyadi, the Minister of Labour and Employment, performed the inauguration on Friday in Abuja.

    He said the board would play a significant role in shaping the future of the agency towards effective leadership and  success of the Renewed Hope Agenda of President Bola Tinubu’s administration.

    He said it would also help to reposition the country’s economy for a better tomorrow.

    “Today, we are celebrating the inauguration of the chairman and members, individuals with exceptional skills and experience, as board members NSITF.

    “Your diverse perspectives and expertise will be instrumental in navigating the challenges and opportunities ahead.

    “The functions of the board are outlined in Sections 31 and 32 of the Act establishing the Fund.

    “The Fund plays a key role in ensuring the welfare and protection of Nigerian workers by providing financial support and assistance in times of need in line with the provisions of the Employees’ Compensation Act.

    “Therefore, your commitment to transparency, accountability, and ethical decision-making is paramount,” he said.

    Dingyadi charged the board members to actively participate in strategic planning, policy development, and oversight of all operations of the Fund.

    He also charged them on collaboration and teamwork and to leverage on each other’s strengths and expertise for success.

    Read Also: NSITF targets informal economy in employees compensation scheme

    Responding, Mr Sola Olofin, the Chairman of the Board, commended President Tinubu for entrusting them with the ‘critical assignment.’

    “My vision for the NSITF is one of transparency, efficiency, and accountability.

    “We must reposition the fund as a globally recognised social security institution  trusted by employers, employees, and the general public.

    “To achieve this, we must focus on key strategic areas which include, strengthening compliance and coverage, enhancing operational efficiency, and ensuring financial growth.

    “We must also focus on sustainability, accountability and transparency, ensure capacity building and stakeholders’ engagement as well as public awareness and trust restoration,” he said.

    Olofin promised, on behalf of his team, to work, innovate, and transform NSITF into a beacon of hope for the Nigerian workers.

    “In doing so, we must align our efforts with the Renewed Hope Agenda of President Bola Tinubu.

    “Our role at NSITF is to ensure that the social security scheme we administer complements and reinforces this vision.

    “By expanding coverage, ensuring prompt compensation for workers, and improving service delivery, we will contribute meaningfully to the President’s goal of a more secure and inclusive Nigeria,” he said.

    The board chairman also promised that they would be bold in confronting challenges, proactive in driving reforms, and relentless in delivering results.

    “Every decision we make must be guided by the principles of fairness, equity, and service to our nation,” Olofin said.

    (NAN)

  • NSITF targets informal economy in employees compensation scheme

    NSITF targets informal economy in employees compensation scheme

    …seek collaboration with NUJ

    The Nigeria Social Insurance Trust Fund (NSITF) said it is working to include workers from the informal sector of the Nigerian economy in the Employees Compensation Scheme. 

    Managing Director of the Fund, Oluwaseun Mayomi Faleye who spoke when the leadership of the FCT Council of the Nigeria Union of Journalist (NUJ) visited him,  said the informal sector plays a significant role in Nigeria’s overall economic activity.

    Faleye said the Fund was ready to collaborate with the NUJ in the FCT to launch an awareness campaign, provide workplace safety training, and carry out risk assessments for workers in both the formal and informal sectors.

    Faleye said, “We are continuously making progress. We are working to speed up the payment process for claims and compensation, making it easier for contributors and their families to access benefits. We’re also simplifying the registration process to bring more people into the scheme, and we’re stepping up our efforts to inspect and ensure more people are covered.”

    “The informal economy represents a large portion of our economic activity, so it’s crucial that we bring them under the scheme. While the formal sector is more structured and easier to cover, we must focus on reaching the informal economy. Through our expanded regional offices and services, we are making genuine efforts to reach as many people as possible. That’s why partnerships like this one are so important.”

    While appreciating the NUJ for the proposed, Faleye said, “We appreciate your visit and are honoured to welcome you to NSITF. Journalists and the media play a vital role in spreading information, and we recognise how important they are in shaping public understanding of critical issues.”

    Read Also: NSITF presents N25m cheque to National Assembly worker

    He said a key focus for NSITF is to raise public awareness about what the organisation does, and he believes that the collaboration with the NUJ will help amplify their efforts. 

    “Working with professionals like you, who are skilled at delivering information in various formats, will help us reach a wider audience,” he said.

    According to him, collaborating with the NUJ FCT chapter is a unique and important step. 

    “If we succeed in this partnership in the FCT, it will serve as a model for working with your colleagues across the country.

    “This collaboration will help ensure accurate and unbiased information is shared with the public, promoting transparency and accountability. These are values we hold dear, and we believe working with the NUJ will benefit us both.

    “When workers know they are covered by NSITF, whether they are in the formal or informal sector, it gives them the confidence to go to work each day, knowing that if anything happens—such as an accident—they and their families will be taken care of. This safety net is essential for the productivity of the workforce and the economy.”

    He said the collaboration would help address misconceptions about NSITF and encourage more people and organisations to join the scheme, saying “att NSITF, we are committed to fair journalism and recognise the vital role journalists play, not only in sharing information but also in holding us accountable.”

    Speaking on the importance of workplace safety, especially for journalists, he said, “Journalism can be a risky profession, with reporters often traveling to dangerous locations. It’s crucial for unions to ask their employers about NSITF compliance, as the scheme provides important safety and compensation benefits.”

    He urged the NUJ to work closely with employers to ensure that their workers are covered. 

    “The risks you face daily, whether in interviews or investigations, make this coverage essential. We are here to support you when needed.”

    The collaboration will include a joint public awareness campaign, workplace safety training, and risk assessment initiatives. 

    Faleye encouraged the NUJ to engage with NSITF’s team to develop a proposal for the partnership.

    “As we work together, let’s focus on mutual respect, transparency, and a shared commitment to serving the public,” he concluded. “Your work is vital in advancing the public interest by providing accurate information and ensuring people know about the services available to them.”

    Mr. Faleye also invited feedback on NSITF’s service delivery and communication efforts, saying, “We value your input on how we can improve our engagement with the public.”

    Speaking during the visit, Chairman of the Union, Comrade Grace Ike commended Faleye and the NSITF team for their leadership in providing social safety nets for workers. “We appreciate your efforts in promoting workplace safety and occupational health standards.,” she said.

    She said “Our visit today underscores our commitment to enhancing public awareness about the vital role NSITF plays in providing social security and compensation to Nigerian workers. 

    “We recognize NSITF’s evolution from a Provident Fund Scheme to a comprehensive Social Insurance Scheme, particularly through the Employees’ Compensation Scheme, which ensures fair compensation for work-related injuries and disabilities.”

    She added that as media professionals, we are eager to collaborate with NSITF to disseminate information about the benefits and obligations under the Employees’ Compensation Act. 

    “This partnership will help educate both employers and employees about their rights and responsibilities, aligning with NSITF’s objectives of providing an open and fair compensation system.

    “We propose joint public awareness campaigns and media initiatives to enhance accessibility of NSITF services to the public. This collaboration will not only support NSITF’s mission but also contribute to a more informed and protected workforce in Nigeria,” she said.

  • NSITF targets informal economy for its social insurance scheme

    NSITF targets informal economy for its social insurance scheme

    …to collaborate with NUJ FCT

    The Managing Director and Chief Executive Officer of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Oluwaseun Mayomi Faleye, has said the Fund is working to include workers from the informal economy in its social insurance scheme.

    Mr. Faleye made this statement on Wednesday during a visit by the Chairman of the Nigeria Union of Journalists (NUJ) Federal Capital Territory (FCT) Chapter, Comrade Grace Ike, and her executive team to the NSITF headquarters in Abuja.

    He noted that the informal sector plays a significant role in Nigeria’s overall economic activity.

    NSITF is planning to collaborate with the NUJ FCT to launch an awareness campaign, provide workplace safety training, and carry out risk assessments for workers in both the formal and informal sectors.

    Speaking on NSITF’s efforts, Mr. Faleye said: “We are continuously making progress. We are working to speed up the payment process for claims and compensation, making it easier for contributors and their families to access benefits. We’re also simplifying the registration process to bring more people into the scheme, and we’re stepping up our efforts to inspect and ensure more people are covered.

    Read Also: 2027: The game has commenced

    “The informal economy represents a large portion of our economic activity, so it’s crucial that we bring them under the scheme. While the formal sector is more structured and easier to cover, we must focus on reaching the informal economy. Through our expanded regional offices and services, we are making genuine efforts to reach as many people as possible. That’s why partnerships like this one are so important.”

    Mr. Faleye expressed his gratitude for the proposed collaboration.

    “We appreciate your visit and are honored to welcome you to NSITF. Journalists and the media play a vital role in spreading information, and we recognize how important they are in shaping public understanding of critical issues.”

    He said a key focus for NSITF is raising public awareness about what the organization does, and he believes that collaboration with the NUJ will help amplify their efforts.

    “Working with professionals like you, who are skilled at delivering information in various formats, will help us reach a wider audience,” he said.

    He also mentioned that collaborating with the NUJ FCT chapter is a unique and important step.

    “If we succeed in this partnership in the FCT, it will serve as a model for working with your colleagues across the country.

    “This collaboration will help ensure accurate and unbiased information is shared with the public, promoting transparency and accountability. These are values we hold dear, and we believe working with the NUJ will benefit us both,” he said.

    On the importance of NSITF’s role, he explained:

    “When workers know they are covered by NSITF, whether they are in the formal or informal sector, it gives them the confidence to go to work each day, knowing that if anything happens—such as an accident—they and their families will be taken care of. This safety net is essential for the productivity of the workforce and the economy.”

    He added that the collaboration would help address misconceptions about NSITF and encourage more people and organizations to join the scheme.

    “At NSITF, we are committed to fair journalism and recognize the vital role journalists play, not only in sharing information but also in holding us accountable,” he said.

    Mr. Faleye also discussed the importance of workplace safety, especially for journalists.

    “Journalism can be a risky profession, with reporters often traveling to dangerous locations. It’s crucial for unions to ask their employers about NSITF compliance, as the scheme provides important safety and compensation benefits.”

    He urged the NUJ to work closely with employers to ensure that their workers are covered.

    “The risks you face daily, whether in interviews or investigations, make this coverage essential. We are here to support you when needed.”

    The collaboration will include a joint public awareness campaign, workplace safety training, and risk assessment initiatives. Mr. Faleye encouraged the NUJ to engage with NSITF’s team to develop a proposal for the partnership.

    “As we work together, let’s focus on mutual respect, transparency, and a shared commitment to serving the public,” he concluded. “Your work is vital in advancing the public interest by providing accurate information and ensuring people know about the services available to them.”

    Mr. Faleye also invited feedback on NSITF’s service delivery and communication efforts, saying:

    “We value your input on how we can improve our engagement with the public.”

    Comrade Grace Ike, Chairman of the NUJ FCT Council, thanked Mr. Faleye and the NSITF team for their leadership in providing social safety nets for workers.

    “We appreciate your efforts in promoting workplace safety and occupational health standards.

    “Our visit today underscores our commitment to enhancing public awareness about the vital role NSITF plays in providing social security and compensation to Nigerian workers.

    “We recognize NSITF’s evolution from a Provident Fund Scheme to a comprehensive Social Insurance Scheme, particularly through the Employees’ Compensation Scheme, which ensures fair compensation for work-related injuries and disabilities,” Ike said.

    She added that as media professionals, the NUJ is eager to collaborate with NSITF to disseminate information about the benefits and obligations under the Employees’ Compensation Act.

    “This partnership will help educate both employers and employees about their rights and responsibilities, aligning with NSITF’s objectives of providing an open and fair compensation system.

    “We propose joint public awareness campaigns and media initiatives to enhance the accessibility of NSITF services to the public. This collaboration will not only support NSITF’s mission but also contribute to a more informed and protected workforce in Nigeria,” she said.

    Other members of the NUJ FCT executive present at the visit included Vice Chairman Comrade Yahaya Ndambabo, Secretary Comrade Jide Oyekunle, and Treasurer Comrade Sandra Udeike, along with the news editor of the NUJ media platform, Ebriku John Friday, and media team member Mahmud Isa.

  • NSITF presents N25m cheque to National Assembly worker

    NSITF presents N25m cheque to National Assembly worker

    • Agency pledges prompt payment of compensation

    The Nigeria Social Insurance Trust Fund (NSITF) has presented a N25 million cheque to a National Assembly worker in the Office of the Clerk to the National Assembly as claims and compensation for a work-related accident involving him.

    The agency’s Managing Director/Chief Executive Officer, Oluwaseun Faleye, who presented the cheque to the worker, said the NSITF would always ensure prompt payment of compensations.

    The CEO said the NSITF was also renewing its relationship with the National Assembly and engaging other stakeholders to ensure compliance He said: “We at the NSITF are taking our responsibility and our mandate much more serious and engaging stakeholders.

    “We are paying compensation much faster and quicker. That is what this presentation of a dummy cheque today signifies. We are also renewing our relationship with the National Assembly and other employers to pay compensation, as the case may be, for them to benefit from claims so that when accidents or injuries occur, their staff welfare can be much more enhanced.”

    Faleye urged the Clerk to the National Assembly to ensure that the Parliament remits its contribution as and when due, assuring that the NSITF would also remain committed to fulfilling its mandate.

    Read Also: Tinubu’s bold leadership responsible for Nigeria’s new growth path – Shettima

    He said: “I want to appeal to the Clerk of the National Assembly to ensure that National Assembly begins to fulfil its commitment to NSITF by paying the necessary contributions. We urge you to help advocate patronage and commitment to the NSITF Act.

    “Our coming here and the presentation of this cheque today is the renewed efforts of the new management at NSITF and we congratulate the employee that is the recipient of this cheque.”

    The Clerk to the National Assembly, Kamoru Ogunlana, said the presentation of the cheque to the staff members underscored the commitment of the NSITF at ensuring that no Nigerian worker is left financially vulnerable due to work-related health setbacks.

    Chairman of the Senate Committee on Labour and Employment, Senator Diket Plang, and his House of Representatives counterpart, Adegboyega Adefarati, attended the event.

  • NSITF presents N25 million cheque to NASS staff

    NSITF presents N25 million cheque to NASS staff

    The Nigeria Social Insurance Trust Fund (NSITF) on Tuesday presented a cheque of N25 million to a staff of the National Assembly as part of its mandate to provide employee compensation to workers in the country. 

    Speaking while presenting the cheque, Managing Director of NSITF, Oluwaseun Faleye said the Fund is paying compensation to victims of work place accident faster, and taking its responsibilities more seriously.

    Faleye said the Fund was determined to renew its relationship with the National Assembly and engaging other stakeholders to ensure compliance with the NSITF Act.

    He said “We at NSITF are taking our responsibility and our mandate much more serious and engaging stakeholders.

    Read Also: 22,350 claims processed in 2024 – NSITF

    “We are paying compensation much more faster and quicker. That is what this presentation of a dummy cheque today signifies. We are also renewing our relationship with the National Assembly and other employers to pay compensation as the case may be; for them to benefit claims so that when accidents or injury occurs their staff welfare can be much more enhanced”

    He appealed to the Clerk to the National Assembly to ensure that the Parliament remits its contribution as and when due, assuring that the Fund remain committed to fulfilling its mandate.

    He said “I want to appeal to the Clerk of the National Assembly to ensure that National Assembly begins to fulfil its commitment to NSITF by paying the necessary contributions. We urge you to help advocate patronage and commitment to the NSITF Act.

    “Our coming here and the presentation of this cheque today is the renewed efforts of the new management at NSITF and we congratulate the employee that is the recipient of this cheque”

    Clerk to the National Assembly, Kamoru Ogunlana said the presentation underscores the commitment of NSITF in ensuring that no worker in the country is left financially vulnerable due to workplace related health setbacks.

    He said “This initiative is not just about financial assistance; it is about restoring hope, alleviating burdens, and reaffirming our solidarity with all hardworking Nigerians who contribute immensely to the growth and development of our nation.

    “While I commend the NSITF for implementing this scheme, I will implore you to please ensure that eligible beneficiaries receive their rightful entitlements without undue delay. 

    “The National Assembly will give your agency the necessary legislative support that will strengthen the institutional capacity to deliver on its core mandate”.

  • 22,350 claims processed in 2024 – NSITF

    22,350 claims processed in 2024 – NSITF

    The Nigeria Social Insurance Trust Fund (NSITF) has pledged to be innovative and proactive in its process to meet the rising expectations of beneficiaries of the Employees Compensation Scheme (ECS). 

    The agency said it processed 22,350 claims in 2024 which ensured beneficiaries of ECS received timely support.

    Managing Director, NSITF, Oluwaseun Faleye disclosed this during the Management Performance Review of the agency at NECA House, Ikeja, Lagos.

    A statement on Friday by the Deputy General Manager Corporate Affairs at the NSITF, Alexandra Mede said the agency expressed strong determination to surmount the dynamic socio-economic landscape and stringent regulatory frameworks that would impede on its mandate to deliver social protection services to Nigerians.

    The MD said the organisation has started the process of leveraging technology to facilitate its registration process with the intention of improving transparency and trust. 

    Read Also: Troops kill 217 terrorists, arrest 122 oil thieves in February

    According to Faleye, this has become necessary in order to forge collaborative partnerships with agencies that are able to facilitate the delivery of its mandate, including amplifying awareness and compliance among employers and employees to deepen adoption of the ECS..

    Faleye said the review session is, therefore, an opportunity to critically assess their performance, celebrate what works, and address what does not.  

    He said: “As Custodians of the Employees’ Compensation Scheme, our mandate is clear and it is to provide timely compensation and support to employees affected by workplace injuries, disabilities, diseases, or fatalities. This scheme is not just about financial redress, it is a lifeline that upholds dignity, fosters safer workplaces, and strengthens Nigeria’s social security architecture.

    “In the past year, we have made significant strides: We have processed 22,350 claims in 2024, ensuring beneficiaries received timely support. We have expanded our outreach to 13 regions and created five new branches across the country brining the total numbers of branches to 62. The Fund now covers 183,528 employers and 7,616,476 employees. We have conducted 3,250 health and safety audits and 808 investigations and 2,035 awareness initiatives and 248 follow-up audits.

    “We continue to forge collaborative partnerships with agencies that are able to facilitate the delivery of our mandate including amplifying awareness and compliance among employers and employees to deepen adoption of the Scheme.

    “However, we are not blind to the hurdles: delayed employer remittances, gaps in public awareness, and systemic issues that contribute to diminished operational efficiencies. These challenges test our resolve but also sharpen our focus.  

    “Let us therefore use this platform to engage in open, honest, and constructive discussions. Let us ask ourselves the tough questions, challenge assumptions, and explore new ideas. Our goal is not just to meet targets but to exceed them, ensuring that the NSITF remains a beacon of hope and support for all Nigerians.

    Executive Director Operations (NSITF), Mojisola Alli-Macaulay, said the MPR is a crucial exercise aimed at assessing NSITF’s performance in the 2024 financial year and setting a clear strategic course for 2025.

    She said: “This event is of utmost importance as it provides a platform for us to critically evaluate our achievements, identify areas for improvement, and implement strategies that will fast-track growth and enhance service delivery. The theme for this year’s MPR, Aligning Performance Activities with the Strategic Objectives of the Fund, underscores the necessity for every Department, Region, and Branch to work in synergy towards the overarching goals of the fund.

    “The past year presented its fair share of challenges, but it also provided opportunities for us to reaffirm our commitment to excellence and innovation. 

    “Through the resilience and dedication of our workforce, we have made commendable strides in ensuring that the Nigeria Social Insurance Trust Fund (NSITF) remains a pillar of social security and welfare for Nigerian workers.

    “As we engage in presentations, discussions, and deliberations over the next two days, I encourage every participant to actively contribute their insights and recommendations. Our success in the coming year will be determined by the strength of our strategies and the effectiveness of their execution.”

  • NSITF, ICPC collaborate to protect subscribers’ funds

    NSITF, ICPC collaborate to protect subscribers’ funds

    The Nigeria Social Insurance Trust Fund (NSITF) has collaborated with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to strengthen its internal capacity to fight corruption and win public trust.

    The managing director of NSITF, Oluwaseun Faleye, said this during a visit to the Chairman of the ICPC, Dr. Musa Adamu Aliyu by the management of NSITF.

    A statement on Wednesday by the Deputy General Manager of Corporate Affairs at the NSITF, Alexandra Mede said the collaboration would ensure accountability of subscribers’ funds.

    According to the statement, the partnership is geared towards the detection of corruption within the NSITF, promotes good governance; and upholds accountability and integrity while maintaining its commitment to ethical principles.

    It also said that the collaboration would redefine the fight against corruption in the NSITF and the country.

    Read Also: Reps to investigate Osun crisis, ask IGP to restore order

    Faleye said the partnership was very critical to efforts and desire to eradicate corruption, stating that the gathering underscored a shared vision; merging time-honoured values with bold, forward-thinking reforms.

    He said: “NSITF has long prided itself on upholding the highest ethical standards. We are fully dedicated to fostering a culture of transparency and integrity.

    “This meeting wasn’t just a routine protocol, it was a decisive step toward a collaborative future with the Independent Corrupt Practices Commission (ICPC), an agency that stands as a bulwark against corrupt practices.

    “The commitment is clear, by empowering its Anti-Corruption and Transparency Unit (ACTU) and launching a comprehensive, Fund-wide campaign on corruption prevention. With about 120 staff earmarked to serve as ACTU liaison officers, the institution is reinforcing its traditional values of accountability and public trust.

    “The fewer the scandals, the greater the trust our people have in us. This isn’t merely a regulatory exercise, it’s a strategic move to reclaim the public’s confidence. By embracing established practices of rigorous audit, internal compliance, and capacity building, NSITF and ICPC are set to create a robust, corruption-resistant framework.

    “The message is unambiguous, ethical governance isn’t just good practice; it’s the only way to honor the legacy of our institutions and safeguard the future.

    “A time when public scrutiny is at its peak, this meeting signals a turning point. By aligning traditional accountability with modern anti-corruption strategies, NSITF is not only preserving the trusted values of the past but also charting a sustainable course for the future. In the battle against corruption, collaboration and steadfast integrity remain the ultimate game changers.”

    The chairman of ICPC echoed the importance of ICPC and NSITF as two agencies that are very sensitive and critical to national development.

    Dr. Aliyu said: “For any MDA that is dealing with funds, there are a lot of risks and challenges, especially in dealing with employees, and the funds contributed by workers. That is why your job is very sensitive.

    “I quite agree with you that your most valuable asset is trust and confidence. If people have confidence in you, they will be willing to make their contributions, but once they don’t have that confidence, you will be facing a lot of challenges.

    “So, as an agency, the ICPC has a preventive mandate, which in my view, is more important because we shouldn’t allow issues to happen that will lead to investigation. This wastes a lot of time and it is causing a lot of problems that will be difficult for us to manage.

    “That is why there is the need for the two agencies to come together to see how we can work so that both of us can work effectively to prevent corruption.”