Red Pepper Uganda

Kadaga Opens NSSF’S Jinja Office Complex

The Speaker of Parliament of the Republic of Uganda Rt Hon Rebecca Kadaga last week opened National Social Security Fund (NSSF)’s new Jinja office, Red Pepper reports.

This ultra-modern building, called the Jinja City House has been constructed to a tune of UGX3.5 billion. The building, just like the Fund’s Workers House in Kampala, will not only host NSSF offices but also available to the public for rent.

Kadaga with NSSF MD Richard Byarugaba at Jinja City House last week

The 4-storey complex, has up to a total built up space of 1,500 square meters, of which 1,200 square meters will be lettable. It is located in the heart of Jinja town, on Plot 2-4 Lubas Road and it is a mixed-use development with commercial facilities, office space and retail shops.

Kadaga commended the Fund for its contribution to the socio-economic development of Jinja in particular and Uganda at large.

“It is gratifying to see that NSSF is committed to contributing to economic development in the major towns in Uganda because NSSF was set up to offer social security services to its members, but in so doing is also providing the much needed long term financing necessary for the economic development of the country,” she said.

She also said that Parliament would expedite proposed amendments of the NSSF Act when presented.

“I am aware that Cabinet recently passed a resolution to amend the existing NSSF Act to extend Social Security coverage to all Ugandans who are not catered for within the NSSF Act Cap 222. I look forward to receiving this proposed bill in Parliament. We have talked about pension reforms for more than 15 years now; it is high time we acted,” she said.

NSSF Managing Director said that Jinja City House is the first project that the Fund has undertaken outside Kampala, further underlining the Fund’s commitment to contributing to the economic development of the country at large.

“We have undertaken a number of projects, providing the much needed jobs to both skilled and semi-skilled Ugandans, supported the local suppliers in line with the Government’s BUBU policy, but more importantly, we are delivering value to our members,” he said.

Byarugaba added that 2 other projects are almost complete and will be commissioned before close of the year.

“Our Shs14.5 billion high-end projectscomprising of 50 housing units in Mbuya and the Mixed Development Project in Mbarara, valued at Ugx 3.9 billion, will be completed by December this year”, he added.

 

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