THE Nigeria Social Insurance Trust Fund (NSITF) has said that under the Renewed Hope Agenda of President Bola Tinubu, Nigeria is already making deliberate strides in modernising institutions, digitising government services, and strengthening the business environment.

Managing Director/Chief Executive of NSITF, Oluwaseun Faleye, said this during the NSITF Special Day at the ongoing 2025 Lagos International Trade Fair.

Faleye, who spoke on the theme, “Trade, Technology and Transformation: Leveraging Digital Trade for Economic and Industrial Growth,” said that as global commerce evolves, nations that successfully integrate technology into productive sectors would lead the next wave of economic expansion.

He noted that the Fund’s mandate was to secure the Nigerian workers, safeguard employers, and underpin productivity through a robust Employees’ Compensation Scheme (ECS), adding that the NSITF today is not just processing claims, but also building confidence in the workforce, enabling business continuity, and assuring employers that when injuries, disabilities or workplace incidents occur, the Fund stands ready to shoulder the burden.

According to him, this is fundamental to national competitiveness, and no economy grows sustainably without a protected workforce.

Faleye said over the past year, the Fund had undergone significant transformation through improved transparency in claims processing, strengthened compliance nationwide, expanded digital reporting channels, and deepened engagement with Micro, Small and Medium Enterprises (MSMEs), whom he described as the backbone of Nigeria’s trade and industrial ecosystem.

He, therefore, urged manufacturers, traders, innovators, and investors to partner with the NSITF for business resilience.

“When businesses thrive, the economy grows, and when the economy grows, Nigeria wins.

“This Fair provides us an invaluable opportunity to listen, educate and deepen partnerships, because the future of trade in Nigeria rests on a workforce that is protected, productive, and prepared for the demands of a rapidly changing global landscape,” he said.

In her opening remark, Executive Director/Chief Executive Officer, Lagos International Trade Fair Complex Management Board, Erelu Ndanusa, who stated that the Fair was for Nigerian workers, however, expressed worry over the challenge of employees’ safety, especially in the private sector.
She, therefore, called on organisations to ensure the safety of their employees and reduce accidents in workplaces.