Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Barr. Oluwaseun Falaye, has said that due to the expansive and growing population coupled with a dynamic labour market in Nigeria, the demand for a responsive and strong social protection system is inevitable. Faleye stated this on Wednesday in his welcome address at the 2026...
Category: Financial Report
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FG, STATES, LGCs SHARE N2.036 TRILLION March 2026 REVENUE
A total sum of N2.036 trillion, being March 2026 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.‎‎‎The revenue was shared at the April 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.‎‎‎The N2.036 trillion total distributable revenue comprised distributable statutory revenue of N1.320 trillion , distributable...
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NSITF MD Faleye, Commissions ECS Help Desk at Head of Service
…Says it’ll bring care, dignity to civil servants …Nigerian govt committed to safety, welfare of workers Managing Director/Chief Executive, Nigeria Social Insurance Trust Fund (NSITF), Barr. Oluwaseun Falaye, on Tuesday 21st April 2026, commissioned an Employees’ Compensation Scheme (ECS) Help Desk at the Office of the Head of the Civil Service of the Federation. Faleye,...
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NSITF collaborates to strengthen social protection, as Nigeria hosts ISSA West Africa 2026
As Nigeria hosts the 2026 International Social Security Association (ISSA) West Africa Technical Seminar, the Nigeria Social Insurance Trust Fund (NSITF), has assured that the nation is ready to facilitate meaningful and solution-driven discussions as part of broader efforts to strengthen social protection systems across West Africa. Managing Director of the NSITF, Barr. Oluwaseun Faleye,...
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Faleye: Taking the Employees’ Compensation Scheme To State Governors
Dr Emmanuel Ulayi When Barrister Oluwaseun Faleye assumed duties as the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF) on July 15, 2024, it was clear that a new dawn had arrived for the Fund. He left no one in doubt that a reformer had finally berthed at the agency and that...
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FG STATES, LGCs SHARE N1.894 TRILLION FROM A GROSS TOTAL OF N2.230 TRILLION FOR THE MONTH OF FEBRUARY, 2026*
The Federation Account Allocation Committee (FAAC), at its March 2026 meeting chaired by the Honorable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.894 Trillion to the three tiers of government as Federation Allocation for the month of February 2026, from a gross total of N2.230 Trillion.‎ ‎From...
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SGF REAFFIRMS STRONG SUPPORT FOR FISCAL RESPONSIBILITY COMMISSION AS MURUAKO CONCLUDES TENURE
‎The Secretary to the Government of the Federation (SGF), George Akume, has reaffirmed the Federal Government’s continued strong support for the Fiscal Responsibility Commission (FRC), commending the Commission for its role in strengthening fiscal discipline and macroeconomic stability.‎Akume gave the assurance on Thursday at his office in Abuja during a courtesy visit by the outgoing...
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FG Moves to Curb Budget Waste, Urges MDAs to Adopt Procurement Act
‎The Federal Government has directed Ministries, Departments and Agencies (MDAs) to strictly adhere to the provisions of the Public Procurement Act in the implementation and payment of the 2025/2026 Capital Budget.‎‎The Honourable Minister of State for Finance, Mrs. Doris Uzoka-Anite, gave the directive during a stakeholders’ meeting on the implementation of the extended 2025 Capital...
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How Alleged ₦5.78bn Kwara UBEC Funds Were Spent on Salaries, Loans, Road Projects – EFCC Witness
The trial of former Kwara State Governor, Abdulfatah Ahmed, and his Commissioner for Finance, Ademola Banu, over the alleged diversion of ₦5.78 billion Universal Basic Education Commission (UBEC) funds resumed on Monday, February 16, 2026, with fresh revelations before Justice Mahmud Abdulgafar of the Kwara State High Court sitting in Ilorin. Testifying as the sixth...
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FG AWARDS CONTRACT FOR RECONSTRUCTION OF TWO BRIDGES AS MORE PROJECTS ARE COMMISSIONED IN TARABA STATE
‎The Federal Government has awarded the contract for the reconstruction of the Namnai Bridge and the construction of the Bantaje Bridge in Taraba State as part of efforts to restore critical infrastructure and stimulate economic activities across the North-East. The projects will be funded through the North-East Development Commission (NEDC).‎‎The Hon. Minister of State for...