NSSF targets UGX 365 billion from boda boda riders

The National Social Security Fund is intensifying efforts to tap into Uganda’s informal sector, targeting over one million boda boda riders in a new savings initiative. Through its voluntary savings scheme, SmartLife Flexi, the NSSF aims to raise approximately 365 billion Ugandan shillings (£80 million) annually from riders, as well as taxi and bus operators. Launched 11 months ago, the scheme has already enrolled 44,698 members, amassing 36.4 billion shillings (£8 million). NSSF Managing Director Patrick Ayota announced that the agriculture sector is the next focus for expanding savings mobilisation. Ronah Nahabwe reports.