PRESS RELEASE
Date: June 22, 2025
From Promises to Progress: How Hon. Sola Olofin, Chairman, Management Board of NSITF, is Transforming the Nigerian Social Insurance Trust Fund
In an era where leadership is increasingly measured by tangible outcomes rather than lofty promises, Hon. Sola Olofin, Chairman of the Management Board of the Nigerian Social Insurance Trust Fund (NSITF), stands out as a beacon of transformative governance. Since assuming office, Hon. Olofin has steadily steered the NSITF away from bureaucratic stagnation and toward becoming a dynamic, impact-driven institution that prioritizes the welfare and security of Nigerian workers.
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Worker-Centered Reforms
At the heart of Hon. Olofin’s leadership is a renewed commitment to worker welfare. The NSITF has enhanced its Employees’ Compensation Scheme, ensuring swift processing of claims and prompt payments to injured workers and bereaved families. This decisive shift has reestablished the Fund’s credibility and reaffirmed its core mission — to protect, compensate, and empower Nigeria’s labor force.
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Transparency and Accountability
To curb mismanagement and restore institutional integrity, Hon. Olofin has implemented comprehensive internal reforms, including upgraded audit systems, improved stakeholder engagement, and stricter compliance monitoring. These efforts have plugged leakages, enhanced public trust, and positioned the NSITF as a model of accountability in public service.
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Digitization and Innovation
A key hallmark of his tenure is the digitization of operations, transforming how services are delivered. From online claims registration to digital employee enrollment and inter-agency collaboration, the NSITF is now faster, more efficient, and more accessible—particularly to small businesses and workers in underserved regions.
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Strategic Partnerships
Understanding that collaboration drives progress, Hon. Olofin has forged strategic alliances with labor unions, the private sector, and international development organizations. These partnerships are expanding the Fund’s reach, improving policy awareness, and aligning NSITF programs with global best practices in social insurance.
A Legacy of Results
Hon. Sola Olofin’s journey from promises to proven performance is a testament to the power of visionary leadership. With a relentless focus on delivery, transparency, and reform, he is not only rebuilding the NSITF but also laying the groundwork for a more resilient, equitable, and worker-focused future.
As the Nigerian Social Insurance Trust Fund evolves into a modern institution of national importance, Hon. Olofin’s name has become synonymous with progress, impact, and results.
