(JUBA) – The newly formed National Social Insurance Fund has no money to run its operations six months after being fully established, with its approved budget still sitting at the Ministry of Finance and Planning without release.
The Fund’s Managing Director, Reech Ring Bol, presented a progress report to Vice President Hussein Abdelbagi Akol at his office on Tuesday. The Vice President also chairs the Service Cluster.
The Fund was fully established in January 2026. A Presidential Decree issued on 19th January appointed the Chairperson and Deputy Chairperson of the Board of Trustees, other board members from relevant institutions, and named Reech Ring Bol as Managing Director and Secretary of the Board.
Since then, the Board of Trustees has held two meetings. The first took place on 19th February 2026 and the second on 26th June 2026. These meetings led to the setting up of the NSIF office, the approval of institutional policies, and the recruitment of experienced professional staff.
NSIF management reported that despite the Board of Trustees approving an establishment budget during its first meeting in February, no funds have been released. The matter remains pending at the Ministry of Finance and Planning, leaving the Fund without financial resources.
The management sought the Vice President’s support, in his role as Service Cluster Chairperson, to direct relevant institutions to fully back the Fund. They named the Minister of Labour, the Minister of Finance and Planning, and other bodies as key to the process, in line with the NSIF Act of 2023.
The Vice President said the Service Cluster remains committed to supporting the National Social Insurance Fund and dealing with the problems it faces. He spoke of the importance of the institution in building social protection and improving the welfare of workers across South Sudan.
The Vice President promised to call a general meeting of all relevant institutions together with the NSIF leadership as soon as possible.