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April 1, 2026
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    NSSF record earnings

    NSSF’s 2024/25 Annual Performance at a glance — Assets Under Management rose 17.5% to UGX 26 trillion, total revenue grew 11% to UGX 3.52 trillion, and the Fund achieved record efficiency with a cost-to-income ratio of 7.9% and cost of administration at 0.88%. Member contributions reached UGX 2.13 trillion, benefits paid increased to UGX 1.32 trillion, voluntary Smartlife Flexi savings hit UGX 27 billion, and customer satisfaction stood at 88%.

    NSSF 2024/25 PERFORMANCE: Ayota Doubles Down on Trust, Sustains Two Years of Rapid Growth

    Muhereza KyamuteteraThe Big StorySeptember 11, 2025September 11, 2025

    When Patrick Michael Ayota was appointed Acting Managing Director of the National Social Security Fund (NSSF) in December 2022, he stepped into an institution in the midst of a politically…

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