The Guardian
Email YouTube Facebook Instagram Twitter WhatsApp

NSITF built on a Foundation of Oracle Technology


Oracle-financialstrendORACLE has announced that NSITF has chosen a comprehensive suite of products and technology from Oracle as the foundation for the trust fund’s transformation to the leading social security institution in Africa.

Following a thorough evaluation process, Oracle was found to be uniquely positioned to deliver complete solutions with vertical and horizontal applications, middleware, database, operating system, virtualization, servers, storage and management.

Furthermore, Oracle has solutions targeted directly at the specific challenges faced by social security organizations, which will allow the fund to put contributors (clients) at the center of the NSITF business operation. The result will be improved contributor outcomes, the ability to target services efficiently, integrate service providers in to the system more effectively, and increase the efficiency of the operation as a whole.

The project to put a modern infrastructure in place to provide social security benefits to the aged, the unemployed, child welfare recipients and the physically challenged, started with an exploratory phase in 2014 and the implementation is expected to run through 2016 in phased approach.

Following the results-oriented Oracle Unified Method (OUM) for efficient and rapid implementation, the organization also developed agency-specific learning modules in conjunction with Oracle University.
A project of this size needs to be rolled out in a phased manner to ensure all the components are efficiently implemented and the business processes followed as per the initial requirements.

The NSITF followed the Oracle Unified Method (OUM) for the installation, which provides an implementation approach that is rapid, broadly adaptive, and business focused to quickly achieve measurable business results.

Using this approach, the NSITF decided on the following phases using a large variety of Oracle products spanning Financials, Customer Experience, Human Capital Management, Payroll, Business Intelligence and Analytics, Content Management, Database and Service Oriented Architecture.

Receive News Alerts on Whatsapp: +2348136370421

  • Eyes Justice

    No, no, no. NSITF is built on the foundation of FRAUD! These are the facts: 1. Majority of contributors lost their 40year pension savings when comrade Adams Oshiomhole as Chairman in 2004 doubtlessly felt THEY SHOULD GO AND DIE for being poor, powerless and unable to take any legal steps to redress this MOTHER OF ALL FRAUDS in Nigeria. 2. Those who were `lucky` to get paid through nepotism and such other `Nigerian factors` were paid far less than the principal sums without interests AFTER 40 YEARS OF SAVINGS. 3. I am aware of a letter written to President Buhari and the National Assembly reporting NSITF Management for refusing to pay her in-house pensioners for six years running.

    The full names of this fraud-sustained organization, by the way folks, still remain NIGERIA SOCIAL INSURANCE TRUST FUND, formerly known as NIGERIA PROVIDENT FUND established in 1961. You and I can guess why they have chosen to hide under the acronym (and very reluctant to spell out the full name) in this obviously planted and slanted fairy tale of a promo. Workers and employers, SHINE YOUR EYES. The robbers` banquet in NSITF is unending. In fact a book on this Nigerian version of the MADOFF PONSHI scheme is under way.

  • dkoma

    Not a single product or suite of products off-the-shelf will meet your business needs. You still need to re-program, deploy and test as your business needs change. Just acquiring a product does not mean you have it all. African companies always look for one product that will meet all their needs. Don’t forget these products were not built with our business needs in mind. Please think out of the box.