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SSHFC 5-year strategic plan valued at D2.045B

Nov 12, 2021, 12:12 PM

The managing director of Social Security and Housing Finance Corporation (SSHFC), Abdoulie Tambedou says the Corporation’s 2020- 2026 strategic plan is valued at D2.045 billion, an equivalent of US$39 million.

He made this statement during the opening ceremony of the validation of the SSHFC 2020- 2026 strategic plan on Tuesday, 9 November 2021 at Ocean Bay Hotel.

Mr.  Tambedou said the five years strategic plan outlines the strategic vision and goals they have identified in collaboration with their stakeholders and partners to help the corporation realise its full potential and better fulfil its mandate and mission to serve its membership and external stakeholders.

According to SSHFC MD, this strategic plan is the first of its kind since the inception of the Corporation in 1981, adding that it is a welcome development for the management, members, partners and the government as a whole.

He said the strategic plan is to steer the corporation on the path to maintaining its leadership role in offering social security services as mandated by the SSHFC Act 2015.

“We aim to further provide timely, convenient, and customer-centric services at all levels by the end of the strategic plan implementation period and beyond,” he stated.

MD Tambedou said the process of formulating a new strategic plan at SSHFC has given them the opportunity to take stock of past successes and shortcomings, to determine their visions and future goals in the light of challenges ahead, and to put forward strategies for the developments.

“Our strategies are aimed at offering value to our members by strengthening investment management for long term growth and sustainability; improve internal service delivery processes and strengthen the corporate governance processes.”

He added that as a major parastatal mandated to offer social protection for members, they shall continue to engage their membership not only to ensure timely contribution collections and benefit payments, but also increase the quality and size of the membership.

For his part, Bakary Marong, managing director, BJM Management Consultancy Company Ltd., said the document is not only important to Social Security but it is important to every Gambian.

O’remi Joiner, the board chairperson of Social Security said: “If Social Security is not well positioned, it will be bankrupt.

“As we have seen in first world countries that Social Security is bankrupt and thank God we don’t have that in The Gambia and we did not want to be  like that and this is why we call on you to validate what we think will make us sustainable.”

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