In a move aimed at boosting the performance and efficiency of Nigeria’s key financial regulatory bodies, President Bola Tinubu has appointed Ms. Omolola Oloworaran as the new Director-General (DG) of the National Pension Commission (PenCom).
Additionally, Mr. Oluwaseun Faleye has been named the Managing Director (MD) and Chief Executive Officer (CEO) of the Nigeria Social Insurance Trust Fund (NSITF).
Mr. Ajuri Ngelale, the special adviser to the president on media and publicity, confirmed these appointments in a statement released on Saturday, September 13, 2024.
He noted that Ms. Oloworaran’s appointment is pending senate confirmation and highlighted her extensive experience in finance and banking.
“The President anticipates a goal-oriented leadership to drive efficiency and superlative performance in the National Pension Commission as the prime regulator of the Nigerian Pension Industry,” Mr. Ngelale said.
Ms. Oloworaran’s financial expertise is expected to bring a new perspective to PenCom, which plays a vital role in overseeing and regulating Nigeria’s pension industry. Her leadership is anticipated to strengthen the commission’s ability to protect the retirement benefits of Nigerian workers and ensure sustainable management of pension funds.
In a separate announcement, President Tinubu introduced Mr. Oluwaseun Faleye as the new MD and CEO of NSITF.
Mr.Faleye, a specialist in legal and corporate finance, is expected to lead the NSITF towards improved social protection and high-quality service delivery.
Furthermore, President Tinubu appointed Mrs. Mojisolaoluwa Alli-Macaulay as the Executive Director of Operations for NSITF.
Mrs. Alli-Macaulay, a former lawmaker and chairperson of the Lagos State House of Assembly Committee on Women Affairs, Poverty Alleviation, and Job Creation, brings significant legislative and social welfare experience to her new role.
These appointments underscore President Tinubu’s commitment to fostering leadership that will drive significant improvements in Nigeria’s pension and social insurance sectors. The administration aims to ensure that both PenCom and NSITF are equipped with the leadership necessary to fulfill their mandates effectively, ultimately enhancing financial security and social protection for the Nigerian populace.
