Finance Minister Henry Musasizi has urged the National Social Security Fund (NSSF) to leverage its growing asset base to mobilise long-term domestic capital for Uganda’s Tenfold Growth Strategy.
Speaking after a meeting with the Fund’s board and management, Musasizi praised NSSF for increasing its assets to Shs32.8 trillion in June 2026 from Shs26 trillion a year earlier, while urging it to balance safeguarding members’ savings with financing strategic, long-term investments.
Managing Director Patrick Ayota said NSSF maintains a 95% member satisfaction rate and aims to grow assets to Shs80 trillion by 2035. He said the Fund is ready to support enterprise growth, job creation and business formalisation while preserving members’ savings.
Board Chairperson Dr David Ogong said NSSF is already investing in priority sectors under the government’s Tenfold Growth Strategy, including agro-processing, tourism, minerals, and science and technology. The Fund, however, called for a stronger pipeline of bankable projects to deploy capital without compromising investment returns.
State Minister for Planning Amos Lugoloobi said improving the investment environment would enable NSSF to play a bigger role in financing Uganda’s economic growth.