Social Insurance Trust Fund Comes With Cheering News For Nigerians

There is a cheering news for Nigerians, from the Nigeria Social Insurance Trust Fund (NSITF), about becoming more efficient on its social security delivery services.

Managing Director and Chief Executive of the Fund, Barr. Oluwaseun Falaye, delivered the cheering news when he received on a courtesy call, leadership of the Chartered Risk Management Institute.

He reiterated NSITF’s commitment to expand its risk management framework to ensure towards ensuring effectiveness on delivery of its mandate to Nigerians.

“We can build the sort of understanding that is required and the sustainability that requires for a much more resilient Fund.

“I see a lot of ways that we can collaborate particularly in expanding or developing the capacity of our members, either from the risk department itself or even, Fundwide.”

The Social Insurance Trust Fund boss also shared with the CRMI team led by its Chief Registrar, Dr Victor Olaninye, what to do to further enlighten subscribers.

He said this could be done by incorporating the Employees’ Compensation Scheme into its curriculum to further deepen understanding and awareness in the financial sector especially.

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“My thought is that in deepening the knowledge about Employees’ Compensation Scheme within your curriculum because of the risk involved in lack of social safety net to a business.

“It is important in building resilience to educate all stakeholders of the need to safeguard their most important assets, which is the workers.”

Thanking the NSITF for participation in the Institute’s 24th Annual International Dr Ọlaninye also commended what he described as the professionalism and transformative leadership that has been brought to bear on the Social Insurance Trust Fund

He also expressed readiness to collaborate with the fund towards advancing national development and strengthening the culture of excellence in risk management.