The New Dawn at NSITF Under Barrister Faleye
Since assuming office, the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Barrister Oluwaseun Faleye, has recorded remarkable achievements that mark a turning point in the Fund’s recent history. His leadership has been defined by quiet efficiency and a results-driven approach—achieving far-reaching impact without unnecessary noise.
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Importantly, Barrister Faleye, in close collaboration with his team of dedicated Executive Directors, is working hand in hand, round the clock, to turn around the fortune of the Fund. The remarkable strides recorded so far are clear outcomes of deliberate teamwork, shared vision, and collective commitment to delivering results.
One of the most notable achievements of this leadership team has been the strategic expansion of the Employees’ Compensation Scheme (ECS) to cover Nigeria’s vast informal economy. Through deliberate outreach, stakeholder engagement, and innovative collaboration, Barrister Faleye and his team are determined to bring artisans, traders, and other informal workers into the safety net—demonstrating inclusivity and an unwavering commitment to social protection for all.
They have also made bold moves in onboarding Ministries, Departments, and Agencies (MDAs) into the ECS—a domain that had long been considered a “no-go area.” With strategic tact and purposeful engagement, they are breaking barriers and achieving what many deemed impossible. This bold push underscores the MD’s credentials as a goal-getter and highlights the strength of a unified leadership driving institutional change.
Internally, the management team has reenergized the NSITF workforce, restoring staff morale and fostering a renewed sense of purpose across all departments. Externally, they have elevated the Fund’s visibility and credibility through purposeful partnerships and meaningful engagement with organized labour, employers, professional bodies, and government institutions.
A particularly significant and long-awaited initiative has been the recent staff audit and restructuring exercise—an effort aimed at putting square pegs in square holes. This strategic move is designed to realign the Fund’s human resources with its evolving operational goals, ensuring that skills are effectively matched to responsibilities for optimal performance and accountability.
As staff, we also trust in their collective capacity and capabilities to resolve the lingering welfare concerns that have affected morale and progression within the Fund. These include addressing issues of stagnation and suppressed promotions, reviewing the current staff Conditions of Service to reflect present realities, and implementing the long-overdue consequential adjustment, which has accrued several months in arrears. We are equally hopeful for the provision of essential working tools across the Fund and the possible reintroduction of allowances—similar to those enjoyed in contemporary sister agencies—in line with global best practices and fairness in public sector compensation.
Leveraging a strong professional network and sound reputations, Barrister Faleye and his team are positioning NSITF as a Grade A institution—one that commands respect among peers and delivers tangible value to all stakeholders. Under their guidance, the Fund has witnessed a significant boost in contribution collections, reinforcing its financial stability and operational strength.
These achievements are a clear reflection of focused, visionary, and collaborative leadership. It is, therefore, only natural to expect that every member of staff, stakeholder, and partner will rally behind this momentum—matching their energy and commitment—to consolidate these gains and move the Fund to even greater heights.
Umar Mohammed Mijinyawa PhD, CNA, FCIFCN, ACSA(USA), Informal Economy Department