NSITF Transforms into Digital and Efficient Institution

On September 21, 2026, Mr. Oluwaseun Faleye, the Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), reported significant transformations within the organization during a familiarisation visit by Dr. Kamil A. Shoretire, Permanent Secretary of the Federal Ministry of Labour and Employment. Faleye noted that since the current management took office in July 2024, NSITF has shifted from a manual, top-heavy structure to a more digital, efficient, and accountable institution.

He highlighted the completion of a comprehensive staff audit to assess workforce structure and needs, with recommendations being implemented in phases. The Fund is undergoing a digital transformation and addressing structural imbalances through a Voluntary Exit Exercise.

Additionally, the Operations Directorate has been relocated to the Mukhtar El-Yakub Building, and branch renovations are ongoing. Faleye stated that these reforms have led to expanded coverage under the Employees’ Compensation Scheme, with treasury-funded MDAs successfully onboarded and claims payments initiated.