NSITF Expands Social Security for Informal Workers

The Nigerian Social Insurance Trust Fund (NSITF), led by Managing Director Barr Oluseun Falayi, is committed to expanding social security coverage, particularly for informal sector workers. This initiative was highlighted during a press briefing ahead of the International Social Security Association (ISSA) West Africa Technical Seminar scheduled for 2026.

The NSITF's outreach efforts aim to ensure that both formal and informal sector workers understand the benefits of the employee compensation scheme. The forum brought together various social security stakeholders, including representatives from the National Pension Commission, to discuss the need for coordinated action across institutions.

Falayi noted the importance of customized outreach efforts for different worker groups, such as commercial motorcyclists, to effectively engage them. The NSITF is also looking to collaborate with small and medium-scale enterprises and international partners to enhance enrollment in the scheme.

The agency is optimistic that expanding coverage will not only protect workers but also contribute to the overall growth and resilience of the Nigerian economy.