New board members of NSITF with Alhaji Muhammad Dingyadi, Minister of Labour and Employment during the inauguration in Abuja
By Joan Nwagwu
The Federal Government has inaugurated members of the Nigeria Social Insurance Trust Fund (NSITF) Governing Board.
Mr Muhammad Dingyadi, the Minister of Labour and Employment, performed the inauguration on Friday in Abuja.
He said the board would play a significant
role in shaping the future of the agency towards effective leadership and success of the Renewed Hope Agenda of President Bola Tinubu’s administration.
He said it would also help to reposition the country’s economy for a better tomorrow.
“Today, we are celebrating the inauguration of the chairman and members, individuals with exceptional skills and experience, as board members NSITF.
“Your diverse perspectives and expertise will be instrumental in navigating the challenges and opportunities ahead.
“The functions of the board are outlined in Sections 31 and 32 of the Act establishing the Fund.
“The Fund plays a key role in ensuring the welfare and protection of Nigerian workers by providing financial support and assistance in times of need in line with the provisions of the Employees’ Compensation Act.
“Therefore, your commitment to transparency, accountability, and ethical decision-making is paramount,” he said.
Dingyadi charged the board members to actively participate in strategic planning, policy development, and oversight of all operations of the Fund.
He also charged them on collaboration and teamwork and to leverage on each other’s strengths and expertise for success.
Responding, Mr Sola Olofin, the Chairman of the Board, commended President Tinubu for entrusting them with the ‘critical assignment.’
“My vision for the NSITF is one of transparency, efficiency, and accountability.
“We must reposition the fund as a globally recognised social security institution trusted by employers, employees, and the general public.
“To achieve this, we must focus on key strategic areas which include, strengthening compliance and coverage, enhancing operational efficiency, and ensuring financial growth.
“We must also focus on sustainability, accountability and transparency, ensure capacity building and stakeholders’ engagement as well as public awareness and trust restoration,” he said.
Olofin promised, on behalf of his team, to work, innovate, and transform NSITF into a beacon of hope for the Nigerian workers.
“In doing so, we must align our efforts with the Renewed Hope Agenda of President Bola Tinubu.
“Our role at NSITF is to ensure that the social security scheme we administer complements and reinforces this vision.
“By expanding coverage, ensuring prompt compensation for workers, and improving service delivery, we will contribute meaningfully to the President’s goal of a more secure and inclusive Nigeria,” he said.
The board chairman also promised that they would be bold in confronting challenges, proactive in driving reforms, and relentless in delivering results.
“Every decision we make must be guided by the principles of fairness, equity, and service to our nation,” Olofin said.