Staff of the Attorney Generals chambers led by the Deputy Solicitor General, representing the Hon Attorney General have today morning attended a stakeholder engagement breakfast meeting at Kampala Serena Hotel, organized by the National Social Security Fund (NSSF). The meeting aimed to foster a deeper understanding between the two entities and to secure the necessary support from the AG’s office for the continued success of the Fund.
Mr. Patrick Ayota, the Managing Director of NSSF explained that the breakfast engagement was organized with the purpose of sharing how and what they do in order to enlist more support from the AG’s office and fostering a mutually beneficial relationship.
He provided a comprehensive overview of the impressive growth of the NSSF, since 2005, where the Fund’s assets have grown from a modest 5 trillion Ugandan shillings to 22 trillion shillings today. He emphasized that the NSSF’s Vision 2035 seeks even greater growth, aiming to diversify its membership base and enhance its financial stability to avoid a future scenario where the Fund might need to pay out more than it earns — a situation that could potentially jeopardize its sustainability.
“We have come a long way since 2005, and the next phase of our growth is critical,” Mr. Ayota said. “Our vision for 2035 is ambitious. To achieve it, we must continuously innovate and adapt. We need new savers, increased investments, and, importantly, amendments to the legal framework that governs the Fund to allow for greater flexibility in our operations.”
He urged for legal reforms to ensure the Fund’s long-term viability, noting that these changes would help the NSSF better respond to the evolving needs of its members and adapt to the challenges posed by a growing economy.
The Deputy Solicitor General, who represented the Attorney General at the meeting, expressed gratitude to the NSSF for the invitation and for taking proactive steps to ensure the Fund’s success. He highlighted the importance of understanding the role of the Attorney General’s Chambers in relation to the NSSF, pointing out that the AG’s office provides essential legislative drafting services, legal advisory support, and litigation services for the Fund.
He noted that as the fund continues to evolve to meet the growing needs of its members, strategic reforms like strengthening governance structures, expanding coverage, improving efficiency in disbursement and legal reforms are very essential to ensure the fund remains adaptable to the dynamic economic landscape and Labour market demands in Uganda.
He reaffirmed the commitment of the Attorney General’s Chambers to work closely with the NSSF to achieve its goals. “We are committed to ensuring that NSSF evolves in line with the needs of its growing membership,” he said. “This includes key strategic reforms, such as strengthening governance structures, expanding coverage, and improving the efficiency of benefit disbursement processes. The AG’s Chambers is here to provide the necessary legal advice and support to ensure the Fund can realize its vision.”
Both parties emphasized the need for continued collaboration, recognizing that legal and regulatory flexibility is crucial in supporting the Fund’s long-term sustainability while also ensuring that it remains responsive to the needs of its members.
As the NSSF looks to the future, this engagement with the Attorney General’s Chambers marks a significant step in fostering stronger partnerships that will help ensure the Fund remains a cornerstone of Uganda’s social security system, adapting to the challenges and opportunities of the next decade.