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Natural human reaction? NSSF Board has met 4 times in the last 2 weeks

By Davis Mugabi

The Board of the National Social Security Fund – NSSF – has met four times in the past two weeks, the Kampala Gazette has learnt.

The meetings followed media reports pointing to a number of allegations and probes at the Fund.

As a result, the Board has had to meet four times in a space of two weeks.

On the side of the staff, they have met three times in the space of one three weeks, including one held on Wednesday morning.

The Acting NSSF Managing Director Patrick Ayota says it is a natural human reaction that has been going on at the Fund.

“Of course when things like these happen, you ask questions. However, we have assured the staff that they have come back and are more focused,” Ayota said, confirming that a number of meetings have been going on at the NSSF.

For the past months, the NSSF has been in the news for a number of reasons including investigations of possible mismanagement of the savers’ money.

Ayota, however, says there is nothing to worry about.

In fact, he released half-year performance (July-December 2022) indicating incoming revenue of Shs 121 billion in January 2023 alone in comparison to Shs 97 billion in January 2022.  Over the last six months, the Fund registered contributions collected at Shs 786 billion in December 2022 down from Shs 643 billion over the same period in 2021. Data shows that NSSF realized income also grew by 22% from Shs 1.054 trillion in December 2022 from Shs 900 billion over the same period in 2021.

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