Oluwaseun Faleye Appointed as New Managing Director of Nigeria Social Insurance Trust Fund

In a significant move, President Bola Tinubu has given his approval for the appointment of Mr. Oluwaseun Faleye as the new Managing Director and Chief Executive Officer of the Nigeria Social Insurance Trust Fund (NSITF).

The NSITF is a critical government agency responsible for administering social insurance programs in Nigeria, including employee compensation, disability benefits, and old-age pensions. The appointment of Mr. Faleye to this crucial role comes at a time when the organization is undertaking significant reforms to enhance its service delivery and reach.

Mr. Faleye brings a wealth of experience to the position, having previously served in senior management roles in the financial services sector. His expertise in areas such as strategic planning, operational efficiency, and stakeholder engagement is expected to be instrumental in driving the NSITF’s transformation agenda.

“I am honored to be entrusted with the responsibility of leading the Nigeria Social Insurance Trust Fund at this pivotal moment,” said Mr. Faleye. “My immediate focus will be on strengthening the organization’s operational capabilities, improving customer service, and ensuring the effective delivery of social insurance benefits to the Nigerian people.”

The appointment of Mr. Faleye has been widely welcomed by industry experts and labor unions, who believe his leadership will be crucial in addressing the challenges facing the NSITF and enhancing its role in promoting social welfare and economic security across the country.

President Tinubu’s endorsement of Mr. Faleye’s candidacy underscores the government’s commitment to improving the performance of critical public institutions and delivering on its promise of inclusive and sustainable development.

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