NSITF TO STRENGTHEN RISK MANAGEMENT FOR BETTER SOCIAL SECURITY DELIVERY
GREATRIBUNETVNEWS–YHE Nigeria Social Insurance Trust Fund (NSITF) is set to expand its risk management framework to enhance efficiency and effectiveness in delivering social security services.
KEY OBJECTIVES:
– Enhance Risk Management : Strengthen risk management framework to ensure sustainability and resilience of the Fund.
– Capacity Building : Collaborate with Chartered Risk Management Institute (CRMI) to develop capacity of NSITF members.
– Employee Compensation Scheme : Incorporate Employees’ Compensation Scheme into CRMI curriculum to raise awareness and understanding.
– Stakeholder Engagement : Educate stakeholders on importance of safeguarding workers, a critical asset to businesses.
STATEMENTS:
– “We can build the sort of understanding that is required and the sustainability that requires for a much more resilient Fund.” – Barrister Oluwaseun Falaye, NSITF Managing Director.
– “My thought is that in deepening the knowledge about Employees’ Compensation Scheme within your curriculum because of the risk involved in lack of social safety net to a business.” – Barrister Oluwaseun Falaye.
VISIT:
The CRMI leadership, led by Chief Registrar Dr. Victor Olaninye, paid a courtesy call to NSITF, discussing collaboration and ways to enhance risk management
Responding on behalf of the CRMI team, Dr. Victor Ọlaninye thanked the NSITF boss for granting them audience and for the Fund’s participation in the Institute’s 24th Annual International Conference.
He commended Barrister Faleye and his Management team for the achievements recorded since his assumption of office in July 2024.
“The professionalism and transformative leadership you bring to NSITF are truly commendable. We applaud the progress you are driving,” he said.
He affirmed the Institute’s readiness “to collaborate with you in further advancing national development and strengthening the culture of excellence in risk management.”
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