The Nigeria Social Insurance Trust Fund (NSITF) has called for stronger collaboration between government, employers and workers to drive sustainable economic growth.
The Managing Director and Chief Executive Officer of the NSITF, Mr Oluwaṣeun Faleye, made the call in Abuja on Monday while delivering a goodwill message at the 5th Annual Summit of the Nigeria Employers’ Consultative Association NECA.
According to him, the government, employers and workers each have a role to play, and when they work together with trust and shared purpose, everyone benefits.
He stated that at NSITF, worker protection and enterprise competitiveness are viewed as complementary goals.
Faleye posited that “a safe, protected, and confident workforce is more productive and resilient, while businesses that invest in employee wellbeing build stronger, more sustainable institutions.”
Predictable Framework
He highlighted the Employees’ Compensation Scheme as a critical pillar of social protection, saying it supports workers and gives employers “confidence to operate within a fair and predictable framework.”
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Speaking on the theme of the summit, “Leveraging Reforms and ESG for Enterprise Competitiveness and Inclusive National Growth“, the NSITF boss described it as timely as businesses navigate policy reforms in the new economic realities.
“Across the country, businesses are adapting to reforms, responding to new realities and seeking innovative ways to remain competitive while creating value for society.
“As Nigeria pursues economic reforms, we must remain deliberate in ensuring that growth is inclusive and that no segment of our workforce is left behind,” he stated.
Commending NECA for sustaining the platform for five years, Faleye expressed confidence that the two-day Summit would “Generate practical ideas that will strengthen enterprise competitiveness and contribute meaningfully to our national development”.
The NECA Summit is an annual gathering of private sector leaders, policymakers and labour stakeholders to discuss issues shaping Nigeria’s business and economic environment.
