How NSITF Protects Employees’ Contributions — MD!

How NSITF Protects Employees’ Contributions — MD!

Reported by Marian Opeyemi Fasesan | Sele Media Africa

The Nigeria Social Insurance Trust Fund (NSITF) has reassured Nigerian workers of the safety of their contributions, stating that the Fund’s investment strategy is built on prudence, transparency, and a low-risk approach to ensure long-term sustainability.

What We Know:

• Speaking during a recent stakeholders’ forum in Abuja, the Managing Director of NSITF, Maureen Allagoa, explained that the Fund adopts a conservative investment model that protects contributors’ funds from market volatility.
• She noted that the NSITF strictly adheres to guidelines issued by the National Pension Commission (PenCom) and the Central Bank of Nigeria (CBN).
• Allagoa highlighted improved internal audit mechanisms and digitalisation of operations as key reforms enhancing fund accountability and access.

Quote:

“Our investment philosophy is clear — we prioritise the safety of contributors’ funds over high-risk returns. Every naira is accounted for, and our goal is to protect the Nigerian worker.”
— Maureen Allagoa, NSITF MD

Why It Matters:

• Restores trust in the NSITF amid past concerns over mismanagement and lack of transparency.
• Encourages compliance among employers regarding employee contributions to social insurance.
• Supports Nigeria’s broader social protection and labour welfare agenda.

What to Watch:

• Implementation of third-party audit reports for transparency.
• Increased automation of benefit claims and verification processes.
• Collaboration with labour unions for stakeholder oversight.

Sources:

1. NSITF Official Statement – Oct. 2025
2. Vanguard News – “NSITF Assures Workers of Safe Contributions” (Oct. 2025)
3. BusinessDay – “NSITF Reforms and Worker Protection” (Oct. 2025)

About The Author

Marian Opeyemi Fasesan

editor

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Editor-in-Chief of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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