The NSITF under Faleye is being repositioned to serve the nation better, contends EMMANUEL ULAYI
Two years after Mr. Oluwaseun Faleye assumed leadership of the Nigeria Social Insurance Trust Fund (NSITF), the Fund has become a growing regional reference point and a benchmark for social security and employees’ compensation in Africa. In only two years, his administration changed the metrics of the Fund: processes are faster, more employers are registered, more beneficiaries are being compensated, and in all these, NSITF is repositioning itself as a critical pillar in President Ahmed Tinubu’s Renewed Hope Agenda.
The core mandate of NSITF is simple: Ensure that no Nigerian worker is left destitute after a workplace injury, occupational disease and disability, and that the dependents of a deceased worker, in the case of death arising out of employment, are not left stranded. In the last 24 months, that mandate has been given a new urgency. Mr Faleye’s administration prioritized clearing the backlog of claims. New standard operating procedures have been introduced to fast-track verification and payment to beneficiaries. The goal, he has said repeatedly said, is “dignity in times of distress.”
