News and Events

NSSF Empowers IUIU Staff with Financial Literacy

• 20th March, 2024 1:10pm

The Islamic University in Uganda (IUIU) hosted a financial training event on Tuesday 19th, March 2024 at the main campus in Mbale. The session was spearheaded by the National Social Security Fund (NSSF), and aimed at equipping both teaching and non-teaching staff with essential skills for effective financial management and retirement planning.

The chairperson academics staff association Mr Osuje expressed gratitude for the valuable presence of the attendees and prayed for the success of the initiative.

The University secretary Mr Sewankambo Hamza, provided a brief overview of IUIU's legacy and its significant contributions to the NSSF from over 700 staff. 

Mr Hamza Emphasised the importance of the discussions to staff welfare, hoped for fruitful outcomes, and applauded the staff for their attendance.

Ms. Aisha Nakanwagi, a Customer Financial educator at NSSF commended IUIU for extending the invitation, acknowledging the university's commitment to staff development. 

She encouraged staff to diversify their savings beyond NSSF for a secure retirement and outlined objectives and available programs offered by NSSF to clients including town hall discussions, managing employer contributions, debt management, investments, and utilizing digital platforms for financial education. Staff were urged to prioritize leave periods for skill acquisition such as farming and public speaking.

Mr. Robert James Ajal, a retired engineer and beneficiary of the NSSF, shared invaluable insights on retirement planning and fund management. He advocated for proactive measures like starting businesses, engaging in community activities, and investing in environmentally sustainable practices such as tree planting.

He stressed the importance of regular exercise and health check-ups, Highlighting the significance of maintaining physical and mental well-being, Additionally, he encouraged staff to join social groups and community initiatives for a fulfilling post-retirement life.

Mr Ajal Urged IUIU staff to carry out SOAR analysis to identify strengths, opportunities, aspirations, and results in retirement planning.