By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: FG Installs New NSITF Board, Emphasizes Transparency, Accountability
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
JobsNews

FG Installs New NSITF Board, Emphasizes Transparency, Accountability

Oluwadara Akingbohungbe
By Oluwadara Akingbohungbe
Published: March 15, 2025
Share
2 Min Read
SHARE

The Nigerian federal government has officially established the newly appointed governing board for the Nigeria Social Insurance Trust Fund (NSITF). The board is chaired by Sola Olofin, and its members include representatives from the Federal Ministry of Labour and Employment, the Nigeria Employers’ Consultative Association (NECA), the Nigeria Labour Congress (NLC), and the NSITF managing director, Oluwaseun Faleye.

During the inauguration ceremony held in Abuja, Muhammad Dingyadi, the Minister of Labour and Employment, charged the board members with the critical task of revitalizing the NSITF to align with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which aims for significant economic transformation.
The minister underscored the importance of transparency, accountability, and ethical leadership as fundamental principles for the board to adhere to. He also stressed the necessity of teamwork and collaboration in fulfilling the fund’s mandate, urging the board members to cultivate an environment of open communication and mutual respect.

“The NSITF holds a crucial position in safeguarding the welfare and protection of Nigerian workers by providing financial assistance during periods of hardship, as mandated by the Employees’ Compensation Act,” the minister stated. “I implore you all to maintain transparency, accountability, and ethical conduct in your decision-making processes.” In his inaugural address, Sola Olofin, the newly appointed NSITF chairman, committed to leading with integrity and transforming the fund into a globally respected social security organization.

The NSITF is more than just a government entity; it serves as a vital source of social security and protection for Nigerian workers,” he said. “Our objective is to guarantee that every worker receives the necessary compensation and support in the event of work-related injuries, disabilities, illnesses, or fatalities.”

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:NECANSITFtinubu
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article FirstBank Denies Fraud Allegations, Cites “Unethical Dealings” by Former Employee
Next Article NGX Weekly Market Report Nigerian Bourse Closes Lower Amid Sectoral Rotations; Financial Services Dominates Trading Activity

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 3 weeks ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Political Rift Between Wike and Fubara Resolved After Presidential Mediation
News
NNPC
Senate Issues Ultimatum as NNPCL Fails to Appear Over N210 Trillion Audit Discrepancies
Energy & Oil
Federal Revenue Agencies to Undergo Restructuring as President Tinubu Enacts Major Tax Reform Legislation
News Top stories
BREAKING: President Tinubu Endorses Four Major Tax Reform Bills
News Top stories
Lagos State Government
Lagos State Government Refutes Peter Obi’s Allegation of Property Demolition, Orders Probe
News
- Advertisement -
Ad imageAd image

You May Also Like

News

Oyo State Governor Seyi Makinde Renames Polytechnic Ibadan in Honour of Late Dr. Omololu Olunloyo

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
News

BREAKING: President Tinubu Withholds Assent to NDLEA Bill Over Proceeds Clause

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
News

BREAKING: High Court in Lafia Sentences Timileyin Ajayi to Death for Killing Corps Member

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?