The Managing Director of the Nigeria Social Insurance Trust Fund, Oluwaseun Faleye, has said collaboration between the Fund and Rand Mutual Assurance of South Africa would strengthen Africa’s social protection system.

Faleye spoke when he hosted an RMA delegation led by Group Chief Executive Bilal Adam at the NSITF headquarters in Abuja, describing the meeting as the start of a strategic partnership between two of Africa’s leading social insurers.

He praised RMA’s pedigree, noting it was established in 1894 and had evolved from a mining industry compensation scheme into a modern, purpose driven social insurer focused on prevention, rehabilitation and care.

Faleye said the partnership would open opportunities in digital transformation, claims administration, occupational health and safety, rehabilitation, return to work programs, capacity building and policy development.

He reaffirmed NSITF’s commitment to strengthening the Employees’ Compensation Scheme, and expressed confidence that a Memorandum of Understanding to be signed during the visit would open a new chapter of cooperation between the two organizations.