The National Social Security Fund (NSSF) has concluded its Vision 2025 strategy on a high, posting record revenues and asset growth while unveiling an ambitious roadmap for the decade ahead.
For the financial year ending June 30, 2025, the Fund’s assets under management expanded by 17.5%, rising from UGX 22.13 trillion to UGX 26 trillion. Annual revenue also surged by 11%, reaching UGX 3.52 trillion, supported by strong returns from interest income, dividends, real estate, and other investments. Member contributions grew by more than 10%, climbing to UGX 2.13 trillion, a sign of expanding trust in the scheme.
The Fund also recorded efficiency gains. Its cost-to-income ratio dropped from 9.7% to 7.9%, while administrative costs were trimmed to just 0.88% of assets, highlighting tighter management of expenses.
However, NSSF acknowledged challenges. Employer compliance measured by the proportion of employers registering and remitting contributions slipped from 57% in the previous year to about 52%. Management noted this as an area of focus going forward.
Speaking on the performance, Managing Director Patrick Michael Ayota said the strong results demonstrate resilience in a challenging economic environment. “We have delivered consistent value to our members and proven that our investment portfolio can withstand shocks while securing long-term growth,” he said.
With Vision 2025 now complete, the Fund has unveiled Vision 2035, which sets bold targets: doubling assets to UGX 50 trillion, expanding social security coverage to half of Uganda’s workforce, and reaching 95%-member satisfaction. The plan positions NSSF as a central player in Uganda’s financial sector and a driver of social protection over the next decade.