Dr. David Ogong, the newly appointed chairperson of the National Social Security Fund (NSSF) Board, has expressed confidence that challenges ahead would be transformed into opportunities for growth, pledging to surpass the Fund’s Vision 2035 goals.
Ogong was appointed as the new chairperson of the National Social Security Fund (NSSF) Board by Minister of Gender, Labour, and Social Development, Betty Amongi, who confirmed that he will serve a three-year tenure.
He takes over from Peter Kimbowa, whose three-year term ended on September 1, 2024.
He advised that challenges be manifested to opportunities for growth and development.
“The challenges we face will become opportunities to seize, and we will continue to grow the Fund. Vision 2035 will not only be achieved but surpassed,” Ogong said as he addressed the 13th Board during its inauguration ceremony.
Dr. Ogong emphasized the importance of respectful discourse, noting that disagreements are part of any journey but should not impede progress.
“In any journey, disagreements may arise, but that doesn’t mean we’re not progressing. I urge the 13th Board to disagree respectfully when needed, always keeping the interests of the Fund, its members, and the nation above personal interests.”
He also commended both the current and past management teams for their efforts in ensuring the Fund’s stability and growth.
“I thank both the current and past management for their efforts. We will push hard for accountability, and I am encouraged by the optimism within the Fund.” he said
Looking ahead, Ogong encouraged the Board and management to harness the opportunities available to the Fund, reiterating the collective responsibility they share.
“Let’s harness the opportunities ahead. We are all here to deliver, and we are all here to work,” he concluded.
Minister Among stated that as the NSSF embarks on this new chapter under Dr. Ogong’s leadership, the focus remains on continued growth, accountability, and surpassing set goals for the benefit of workers and the nation at large.
David Ogong is a veteran strategist with more than 15 years of experience in communications and capital markets. He previously served as Director of Market Supervision at the Capital Markets Authority (CMA) and held leadership roles at the Uganda Communications Commission (UCC), including Director of Competition & Corporate Affairs and Director of Finance & Information Technology.
The reshuffling also sees key changes in the Board membership. Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, replaces Patrick Ocailap, while Richard Bigirwa joins as a workers’ representative under the National Organisation of Trade Unions (NOTU), taking over from Lwabayi Mudiba Hassan.
Other new appointees include Sam Lyomoki and Penninah Tukamwesiga, who will represent workers under the Confederation of Free Trade Unions (COFTU). Annet Birungi, representing workers under NOTU, is also a fresh face on the Board. NSSF Managing Director, Patrick Ayota, will continue his role as an executive member.
During the inauguration ceremony held in Kampala, Minister Amongi tasked the new Board with upholding the high standards the NSSF has maintained over the years.
“I urge you to focus on Section 4 (4) of the NSSF Act, which mandates the Board to ensure secure, profitable, and effective financial management of the Fund for the benefit of workers and the country,” she stated.
NSSF Managing Director Patrick Ayota also welcomed the new appointees, emphasizing the balance of fresh insights and continuity.
“The newly appointed members bring immense experience, while the re-appointed members ensure a smooth transition from the 12th to the 13th Board,” he remarked.
The 12th Board’s accomplishments include growing the Fund’s Assets Under Management from Shs17 trillion as of September 1, 2021, to over Shs22 trillion as of September 1, 2024.
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