NSSF to spend Shs840b on new contracts in next financial year Monday May 03 2021 Summary NSSF has large portfolios, especially in the real estate and securities sector, some of the areas in which the Fund will be seeking a lot of innovations Advertisement National Social Security Fund (NSSF) will in the next financial year spend at least Shs840b on innovative and cost sensitive procurements, especially in real estate sector and information technology, according to the Fund’s managing director. Speaking during the fifth NSSF suppliers’ conference in Kampala, Mr Richard Byarugaba, the NSSF managing director, said the Fund has about Shs840b in contracts in the next financial year, noting that concertation will mostly be put on technology-driven options. “We will be spending about Shs40b on technological enhancements out of the Shs840b that we have put together,” he said, noting it was time to adapt to a lot of technological innovations in order to deal with customers virtually as well as leverage on the growing digital shift to reach new and potential members.