NSITF and Rand Mutual Assurance Partner for Social Protection

On Tuesday, Barr. Oluwaseun Faley, the Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), announced a strategic partnership with Rand Mutual Assurance from South Africa.

This collaboration aims to strengthen social protection systems across Africa, particularly in worker compensation, occupational safety, and health. The meeting, held at NSITF headquarters in Abuja, was led by Bilal Adam, Group Chief Executive Officer of Rand Mutual Assurance.

Faley emphasized the importance of this partnership in improving worker compensation and occupational safety across the continent. He noted that the collaboration would allow both organizations to share experiences and explore innovative solutions to emerging workplace challenges.

The partnership is expected to evolve into a mutually beneficial relationship, enhancing the capabilities of both institutions in providing leadership and promoting best practices in social insurance. Faley described the employee compensation scheme as a vital social protection mechanism for Nigerian workers affected by workplace injuries, occupational diseases, and disabilities.