Tinubu appoints Faleye to lead NSITF, promises new era of efficiency, service
By Esther Agbo
President Bola Tinubu has named Mr. Oluwaseun Faleye as the new Managing Director and Chief Executive Officer of the Nigeria Social Insurance Trust Fund (NSITF).
The announcement was made in a press release by the president’s special adviser, Chief Ajuri Ngelale.
This appointment is part of President Tinubu’s strategy to enhance the NSITF’s efficiency and impact.
Mr. Faleye, a legal and corporate finance expert, has extensive experience in both the financial and legal sectors. His appointment is expected to usher in a new era of quality service and improved social protection for Nigerians.
Faleye previously held significant roles in both the public and private sectors. He served as the Director of Operations at NSITF, where he managed the fund’s operational aspects, including social insurance policies and the administration of contributions and benefits. He was also the Director of Corporate Services at the National Pension Commission (PenCom), managing corporate affairs, human resources, and administrative functions.
At Leadway Pensure PFA, Faleye was the Head of Strategy and Business Development, responsible for strategic initiatives to expand market share and enhance services.
Additionally, he worked as a Senior Consultant at PwC Nigeria, offering strategic advisory services to clients in the financial services sector, including social insurance and pension fund administrators.
His career also includes a role as Manager of Business Operations at AXA Mansard Insurance.
Alongside Mr. Faleye, President Tinubu has appointed Mrs. Mojisolaoluwa Kehinde Alli-Macaulay as the Executive Director of Operations at NSITF.
Mrs. Alli-Macaulay is a former lawmaker and former Chairperson of the Lagos State House of Assembly Committee on Women Affairs, Poverty Alleviation, and Job Creation. Her background in legislative affairs and social welfare initiatives is expected to align with the NSITF’s strategic goals under Faleye’s leadership.
The Nigeria Social Insurance Trust Fund (NSITF), established in 1961, has a long-standing history of providing social insurance services to Nigerian employees. Initially focused on retirement benefits, the NSITF has evolved to include workmen’s compensation and other social security services to meet the changing socio-economic needs of the country.
