NSITF to develop self-appraising platform

The Nigeria Social Insurance Trust Fund (NSITF) has said that it would soon develop a platform for self-appraisal of staffers to boost efficiency of its workers. The Managing Director of the Fund, Adebayo Somefun, who made this known in Abuja, stated that the conference which was organised by the NSITF in Uyo, Akwa Ibom State, […]

The Nigeria Social Insurance Trust Fund (NSITF) has said that it would soon develop a platform for self-appraisal of staffers to boost efficiency of its workers.

The Managing Director of the Fund, Adebayo Somefun, who made this known in Abuja, stated that the conference which was organised by the NSITF in Uyo, Akwa Ibom State, with the theme, ‘NSITF: In pursuit of corporate growth and contribution to national development’, was organised to shape the policy direction of the Fund.

Somefun also said that the main objective of the conference was to generate ideas that would ensure the sustainability of the Employees’ Compensation Scheme (ECS).

He added that “It was also to help develop manpower competency and provide a platform for self-appraisal. The conference also enabled the board and management to engender team spirit and team building in the overall interest of the Fund. It also afforded us the opportunity to reflect and evaluate major aspects of the Fund’s operations in achieving its mission and vision.”

Also, he noted that the conference recommended that trainings by the Fund should be based on NEEDS assessment, and that the finance department should produce an all-encompassing accounting manual and software that can be easily assessable by the first quarter of 2020.

“It was resolved that there is need for periodic review of operational strategies to allow for growth. The meeting also resolved that target setting for branches and regions should be constructive and set in line with contribution collection and that Regional Managers should endeavour to identify the challenges and proffer solutions for non-performing branches in their regions,” he said. The Fund has also approved the establishment of Estate department in order to coordinate the estate business aspect of the Fund.