NSITF unveils repositioning strategic plans
The new management of Nigeria Social Insurance Trust Fund (NSITF) would focus on increasing personnel productivity and ensure enrolees of its Employees Compensation Scheme (ECS) get value for their contribution.
The Managing Director of the Fund, Dr. Michael Akabogu, who disclosed this while taking over the mantle of leadership of the Fund from erstwhile acting managing director, Dr. Kelly Nwagha, said his team would create pathways to reward excellent and outstanding service while maintaining an utmost commitment to staff welfare.
He added that his immediate mission includes repositioning the public perception of the Fund; increase the productivity of every department of the fund and use quantifiable metrics to measure performance in the weeks and months ahead; improve on and ensure prompt payment of claims and compensations to give value for money to all contributors in the ECA Scheme and widen the spread of enrolee.
The NSITF boss added that conscious efforts would be made to create more visibility for the Fund through improved public engagement and public enlightenment activities; and create a conducive atmosphere in the organisation and make the Fund a great place to work.
“These would indeed be the key objectives amongst many others upon which the new management would be evaluated at the close of our tenure,” he stated.
He stressed that his team would run the Fund devoid of favouritism and segregation of any sort.
The new helmsman called on the staff to refocus their relationship with each other while assuring them that appointments and responsibilities would be merit-based.
“I am humbled by this privilege but more importantly, this appointment is coming at a time when the Fund is undergoing various levels of restructuring based on various past challenges,”Akabogu said.
He advised members of the staff to exhibit strength of character, hard work and probity by every word, adding that his management team would focus on fulfilling the core mandate and restore confidence in the processes and dignity of the Fund.
In his handing over remarks, Nwagha, promised to support the new management to succeed and asked all hands to be on deck for the success of the Fund.
He listed the achievements of his management team within 11 months it acted to include improvement of staff welfare, probity of funds, change of the narrative to service provision, placing over N5 billion investment in treasury bills and equity, recovery of over N30 million from facilitators, and in the process of recovering N300million being illegal charges and deductions from an old generation commercial bank.