NASSIT Expands Pension Coverage
…Informal Sector to Access Pensions and Loans by 2026
By Ibrahim Alusine Kamara
The National Social Security and Insurance Trust (NASSIT) is taking bold steps to expand social protection coverage across Sierra Leone. According to the Director of Communications, Mohamed Bangalie, the Trust is set to launch the Sierra Leone Informal Sector Scheme—a new initiative that will enable traders, bike riders, and other informal sector workers to access pensions and low-interest loans.
Speaking at a recent engagement, Mr. Bangalie emphasized that the new scheme is a game-changer for thousands of Sierra Leoneans who currently lack access to retirement benefits. “For the first time, informal workers will be able to save for their future and enjoy the dignity of a pension after years of service,” he said.
The Communications Director further revealed that NASSIT plans to fully digitize customer access by 2025, making it easier for contributors to manage their accounts, check benefits, and make inquiries online. He reaffirmed the Trust’s commitment to innovation, transparency, and expanding social protection coverage nationwide.
Mr. Bangalie also noted that NASSIT continues to pay 32,059 pensioners monthly, with the highest earner receiving NLe161,000. He commended President Julius Maada Bio for his “visionary leadership” in raising the minimum pension from NLe25 to NLe250, a move he described as “transformative for thousands of retirees.”