The Nigeria Social Insurance Trust Fund (NSITF) has achieved approximately 85 per cent of its contribution target for the first half of 2026, despite a period of significant institutional restructuring and workforce changes.
The performance was disclosed by the Fund’s Managing Director and Chief Executive, Oluwaseun Faleye, at the opening of NSITF’s 2026 Half-Year Management Performance Review, held simultaneously across six regional locations.
Faleye attributed the result to the commitment of the Fund’s regional and branch leadership, compliance teams and employees, who he said maintained operational momentum despite the organisational changes experienced during the period.
The achievement comes as NSITF continues to focus on improving compliance with the Employees’ Compensation Scheme, expanding social security coverage and strengthening the administration of compensation benefits for workers affected by workplace-related injuries, disabilities and other qualifying circumstances.
According to Faleye, the first half of the year was significantly shaped by the Fund’s Voluntary Exit Exercise, which he described as an important milestone in its institutional development.
The exercise resulted in changes to staffing structures and responsibilities across the organisation, with offices required to reorganise teams and personnel. Despite the transition, Faleye said the Fund’s operations continued without interruption.
He commended employees for their resilience, noting that institutional reforms and technology could only deliver sustainable improvements when supported by capable and committed personnel.
Focus shifts to compliance and claims administration
With the first-half contribution performance reaching 85 per cent of target, the NSITF management is now looking to strengthen revenue mobilisation and compliance while improving the quality and speed of services delivered to beneficiaries.
Faleye identified deeper compliance, wider social security coverage, faster claims administration and stronger stakeholder engagement among the Fund’s priorities for the remainder of the year.
He also highlighted digital transformation and improved data quality as key components of NSITF’s strategy to simplify processes and reduce delays.
However, the NSITF chief cautioned that technology alone would not be sufficient to transform the institution, stressing the importance of leadership, integrity, discipline and staff commitment in delivering sustainable reforms.
The emphasis on compliance remains particularly significant to the Employees’ Compensation Scheme, which depends on employer participation and timely contributions to provide protection and compensation to eligible workers and their dependants.
Putting workers at the centre
Faleye said the Fund’s performance should ultimately be measured by the impact of its activities on workers, employers and beneficiaries rather than contribution figures alone.
He identified injured workers, bereaved families and employers seeking efficient services as among the key stakeholders who should remain at the centre of NSITF’s institutional reforms.
The MD said keeping beneficiaries in focus would help ensure that compliance, claims administration and service delivery were treated not merely as administrative functions but as mechanisms for improving economic security and productivity.
As the Fund enters the second half of 2026, management is expected to build on the 85 per cent contribution performance while pursuing wider coverage, stronger compliance and improvements in claims processing.
The outcome of these efforts will be critical to NSITF’s ability to deepen participation in the Employees’ Compensation Scheme and strengthen the social protection framework available to Nigerian workers.
