NSSF CAPABLE OF MOBILISING PATIENT CAPITAL FOR LONG- TERM FINANCING-MUSASIZI
Finance Minister @henrymusasizi1 today met the Board of Directors and Management of National Social Security Fund (NSSF) to discuss the status of the Fund, its operations and contribution to Uganda’s Tenfold Growth Strategy.
The team was led by the Chairperson of the Board Dr. David Ogong and the Managing Director, Patrick Ayota.
The Minister thanked the leadership of NSSF for growing the Fund from Shs 26 trillion in June 2025 to Shs 32.8 trillion by June 2026, adding that the Fund should continue prioritizing safety of workers savings but with a change in investment strategy.
Musasizi said NSSF can mobilise and provide patient domestic capital required to implement Uganda’s Tenfold Growth Strategy.
Patrick Ayota said the Fund has maintained member satisfaction at 95%. He said the target is to grow the Fund to Shs.80 trillion by 2035, adding that NSSF is ready to partner with government in the transformation agenda with focus on protecting member value, growing enterprises, jobs, formalization and mobilizing long-term domestic capital.
The Chairperson of the Board said NSSF is already investing in Tenfold growth priorities such as agro-processing, tourism, mineral based development as well as science, technology and innovation.
According to @nssfug leadership, Government needs to provide a bankable investment environment for member-value capital.
The Minister of State for Planning, Amos Lugoloobi called for the improvement of the ecosystem for investment, adding that the Fund is well protected by the Law and should leverage the available resources to grow the economy.
The meeting was also attended by the Ministers of State for Privatization and Investment, Aminah Mukalazi and that of General Duties, Ciccy Mulondo.
In the NDP III (2020-2025), the size of informal sector stood at 51% of GDP with the aspiration to reduce it by 6 points to 45% by 2025.
In the NDP IV (2025-2030) it stands at 54.5% and the new target at 45.7%.
@NPA_UG@mofpedU@rggoobi what are we doing different?
The world does not reward intentions, it rewards results. So go out and get results. No one is coming to save you. You can blame all you want but at the end of the day, it’s you against the World.
#5amClubThoughts
Our generation doesn’t invite friends to Sunday lunch anymore. We are losing some essential communal bonds, because we are so set on “community events” involving tripods and content. And funding, of course.🙃
An update.
Not braggadocio, though we don’t believe government institutions should win in silence.
I took office just over three months ago.
We had no camera at the Uganda Media Centre, save for a decade-old kind donation from the Chinese.
No still cameras either.
Things are different now.
We now have the best of the best kit! And we are still adding to it.
We have a proper production arm. Photographers, video and audio editors, drone pilots, directors, producers.
For the first time we can also go live from anywhere in the country.
We have built a regional and global network that cuts across newsrooms, research, thought leadership and security.
Our ambition is to build the most efficient, responsive and effective government communications service on the continent.
Our posture?
This is not PR or marketing.
It’s nation building.
kind little reminder that his family is trying to keep his legacy alive with the cameron boyce foundation whilst also trying to raise more awareness about SUDEP. (sudden unexplained death in epilepsy). and is something that should also be shared!!!!
PRESS BRIEFING Q1 FY 2026/27:
PSST @rggoobi says the economy sustained steady momentum in FY2025/26, growing at 6.4% in real terms (up from 6.3% the prior year), driven by stronger aggregate demand and continued implementation of government initiatives such as the Parish Development Model and Uganda Development Ban which expanded access to affordable credit and seed capital.
"Real GDP growth is projected to accelerate to 10.2% in FY2026/27, supported by first oil production, ongoing investment in ATMs and public infrastructure, stronger export growth, a stable macroeconomic environment, and improved public spending efficiency," said Dr.Ggoobi.
He said annual headline inflation averaged 3.3% in FY2025/26 (down from 3.5% the prior year), reflecting effective monetary–fiscal policy coordination.