Nigeria’s NSITF enrolls over 7.8 million workers in insurance Scheme
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In Abuja, Nigeria, the Nigeria Social Insurance Trust Fund (NSITF) registered over 7.8 million workers in its social insurance scheme as of July 2026, according to Managing Director Oluwaseun Faleye.
Faleye announced the figure while speaking at the 2026 National Pre-Retirement Summit, explaining the Fund is expanding enrollment through partnerships with government bodies, employers, and organizations in the informal economy.
The NSITF recently began making claims payments to workers from Treasury-funded federal agencies after integrating them into the scheme less than four months prior. Faleye emphasized that simply registering workers isn’t enough, but that the system must deliver real protection through consistent contributions and timely benefit payments. He also noted the importance of including families in social protection plans, especially when a worker dies from a work-related incident.
Faleye stated that retirement security depends on protections put in place during a worker’s career, not just on pensions and savings. The NSITF’s Employees’ Compensation Scheme protects workers from workplace injury, disease, disability, and death, offering compensation, medical care, and rehabilitation. The Fund also focuses on workplace safety inspections and accident investigations to reduce on-the-job incidents. Currently, the NSITF is working to reduce claims processing time and increase coverage.
