Freetown, 25th September, 2025- The Director General of Sierra Leone’s National Social Security and Insurance Trust (NASSIT), Mohamed Fuaad Daboh, has signed a landmark Memorandum of Understanding (MoU) with the Africa Finance Corporation (AFC). The agreement, signed on September 22, 2025, on the sidelines of the United Nations General Assembly, aims to unlock long-term infrastructure investment across Africa through strategic pension fund collaboration.
Mr. Daboh, representing the Africa Social Security Association (ASSA) as a founding member and Governing Council representative, signed the MoU on behalf of the association’s Chairman, Nassar Shaaban Ameir, Managing Director of the Zanzibar Social Security Fund. The ceremony, hosted by AFC, marks a pivotal moment in ASSA’s mission to strengthen institutional capacity and drive Africa’s infrastructure agenda.
“This partnership is historic,” Daboh said. “It will contribute to the economic growth in our nations by addressing Africa’s infrastructure funding gap, investing in transportation, energy, water and sanitation, and telecommunications.” He praised AFC’s commitment as “unparalleled in the history of social security,” highlighting the potential of pension-backed financing to transform development outcomes across the continent.
AFC President and CEO Samaila Zubairu echoed the sentiment, announcing plans to launch a collaborative research programme to assess African pension regulations and identify policy frameworks that can channel long-term savings into infrastructure investment.
The MoU comes just days after Daboh oversaw the commissioning of the ultra-modern Sewa Grounds Market in Freetown by President Julius Maada Bio, a project that underscores NASSIT’s expanding role in national development.
Looking ahead, Daboh will represent Sierra Leone at the World Social Security Forum in Kuala Lumpur, Malaysia, from September 29 to October 3, 2025. He is expected to speak on the impact of social security on Sierra Leone’s socio-economic development and serve as a panelist in the ISSA Guidelines on Good Governance session. He will also hold high-level meetings focused on expanding social protection for the informal sector, including efforts to establish the Salone Informal Sector Pension Scheme.
