NSITF Seeks Partnership With FIRS, CAC to Boost Subscription
Onyebuchi Ezigbo in Abuja
As part of its operational strategies, the Nigeria Social Insurance Trust Fund (NSITF) said it is forging closer collaboration with agencies such as the Federal Inland Revenue Service and the Corporate Affairs Commission to boost contributions to the Fund.
The Fund also said that it plans to implement a new reform agenda aimed at strengthening Nigeria’s social security system.
A statement signed by the Deputy General Manager Corporate Affairs, Alex Mede, said the new strategy was disclosed by the Managing Director of the NSITF, Barrister Oluwaseun Faleye, at a meeting top management of the organization in Abuja.
The meeting was convened to assess the Fund’s performance in 2025 and chart a policy direction for improved service delivery and financial sustainability in the new year.
It said the meeting reviewed performances of regional and branch offices, and those of key departments and proffered solutions to identified issues.
Some of the new initiatives include raising of special teams to address abandoned files, improve new registrations, and rationalize cost-collection ratios.
Others are developing stronger legal enforcement against recalcitrant employers, better deployment of staff and resources, performance-based incentives, and closer collaboration with stakeholders.
The management further emphasized digital transformation, improved claims processing, stronger governance, and enhanced stakeholder engagement amongst others.
The Fund also advocated unified databases, automated workflows, and real-time monitoring systems to speed up compensation delivery and increase transparency.
The meeting recommended closer collaboration with agencies such as the Federal Inland Revenue Service and the Corporate Affairs Commission to boost contributions, alongside measures to promote staff welfare, diversity, and mental-health support.
Inclusion of the informal economy in the ECS also formed a major point at the MPR, with participants calling for intensified sensitization, simplified processes, and partnerships with relevant agencies to expand coverage.
