The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has reaffirmed his commitment to improving the welfare of Nigerian pensioners with the successful disbursement of ₦39.63 billion to 24,814 eligible Defined Benefit Scheme (DBS) pensioners, ending years of anxious waiting for thousands of retirees.Working under the supervision of the Federal...
Category: Financial Report
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NSITF and South Africa’s Rand Mutual Assurance Sign MoU on Technical Cooperation and Knowledge Exchange
The Nigeria Social Insurance Trust Fund (NSITF) and Rand Mutual Assurance (RMA) of South Africa have signed a Memorandum of Understanding (MoU) formalising a framework for institutional cooperation across social insurance administration, occupational health and safety, and employee compensation. The agreement was signed on 25th June, 2026, at the conclusion of a three-day Strategic Technical...
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NSITF, South Africa’s Rand Mutual’s partnership will strengthen Africa’s social protection systems – Faleye…As the Fund Reaffirms Commitment to Strengthening the ECS
Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Barr. Oluwaseun Faleye, has said collaboration between the Fund and Rand Mutual Assurance (RMA) of South Africa would strengthen Africa’s social protection system. Faleye stated this on Tuesday when he hosted a high-level delegation from RMA South Africa led by the Group Chief Executive...
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FEDERAL GOVERNMENT ISSUES TRANSITION GUIDELINES FOR TAX ACTS 2025
The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026. Issued by the Federal Ministry of Finance, the Guidelines provide direction to taxpayers, tax practitioners, revenue authorities and...
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FRC CHARGES NYSC MEMBERS TO CHAMPION TRANSPARENCY AND FISCAL DISCIPLINE
The Fiscal Responsibility Commission (FRC) has expanded its nationwide campaign for prudent financial management, taking its fiscal responsibility advocacy directly to National Youth Service Corps (NYSC) orientation camps across six states and the Federal Capital Territory, where it inspired thousands of corps members to embrace accountability, transparency, and responsible resource management. The sensitization initiative covered...
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NSITF rejects allegations of managerial crisis…Says staff exit voluntary, part of restructuring
The Nigeria Social Insurance Trust Fund (NSITF) has condemned the allegations of managerial crisis and mass resignation of workers being peddled in some media outlets. In a statement issued by Alexandra Mede, Head of Corporate Affairs, the NSITF described the story published by Sahara Reporters as a deliberate misrepresentation of facts and lacking in merit....
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Data Science Platform workers, gig economy in our plans… NSITF MD Faleye
Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Barr. Oluwaseun Faleye, has said issues around the impact of Artificial Intelligence (AI), especially as regards platform workers and the gig economy, are being given priority attention by the Fund. Faleye stated this while fielding questions in response to the presentation of the Honourable Minister...
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NSITF is committed to protecting vulnerable workers, Faleye
The Nigeria Social Insurance Trust Fund (NSITF) has restated its commitment to preventing and protecting all vulnerable groups, especially people Living With disabilities through occupational safety and health. Barr. Oluwaseun Faleye, the Managing Director of NSITF, stated this while speaking at a panel session at the just-concluded International Civil Service Conference on the topic: “Inclusive...
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FRC UNVEILS BOLD NEW STRATEGIC PLAN AS ACTING CHAIRMAN ABANA RALLIES MANAGEMENT FOR TRANSPARENT FISCAL GOVERNANCE
The Fiscal Responsibility Commission (FRC) has commenced its 2026 Management Retreat with a strong commitment to repositioning the institution for greater transparency, accountability, and sustainable fiscal governance in Nigeria. Declaring the retreat open at Zuma Rock Resort, Niger State, the Acting Chairman of the Commission, Charles Chukwuemeka Abana, described the gathering as a defining moment...