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Home News

NSITF seeks overhaul of social protection system

JEO report by JEO report
October 13, 2025
in News
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NSITF seeks overhaul of social protection system
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The Nigeria Social Insurance Trust Fund (NSITF) has called for a comprehensive and inclusive reform of the country’s social protection system.

 

Managing Director and Chief Executive Officer of NSITF, Oluwaseun Faleye, said the move becomes necessary to protect workers and make them more resilient, especially with the disruptive impact of Artificial Intelligence (AI) in workplaces.

 

Faleye gave the promise at the weekend, in a paper he delivered on “Social Security and Protection for Nigerian Workers Amid AI Disruption” during the 2025 Labour Writers Association of Nigeria (LAWAN) workshop, held in Ibadan, Oyo State capital.

 

The NSITF boss, while noting that social protection was for sustainability in the nation’s economic activities with workers as critical factors along the value chain, warned that Nigeria must act fast to ensure workers are not left behind as AI reshapes industries, jobs, and the global economy.

 

Also speaking on the theme, “Future of Work in the Era of Artificial Intelligence: A Wake-Up Call for Stakeholders,” Faleye lamented that Nigeria’s social protection coverage remains low, especially among informal sector workers, who he said made up over 80 per cent of the labour force.

He, however, expressed optimism that AI could also be used to enhance social protection systems through digital identity and predictive analytics.

 

However, the management of the NSITF has promised to fast-track payments of claims and benefits due to the injured, as well as families and dependents of victims of the Afriland Towers fire disaster.

JEO report

JEO report

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