Maputo, 8 Jun (AIM) – Mozambican President Filipe Nyusi on Wednesday challenged the National Social Security Institute (INSS) to maximize the taxpayers’ savings for the benefit of pensioners, as well as for the development of Mozambique.
According to the President, who was speaking during the inauguration ceremony of the INSS delegation in the southern district of Namaacha, the INSS must know how to transform people’s savings into the well-being of the contributors and of the Mozambican population in general.
“We need to think big to make the savings viable. Social security savings in many countries are solving, building, developing the country; we cannot be proud of having many savings set aside and not producing”, said Nyusi.
The INSS has recorded 165,737 contributing companies during the last seven years, a figure that represents a 185 per cent growth, In 2015, the Institute had only 58,045 companies registered in the mandatory social security system.
Nyusi attributed the increase in the number of companies registered with the INSS, to two reasons, the first being business growth, and the second the mobilization and awareness of people to join the social security system.
He added that the INSS workers must develop initiatives as long as “they do not use the INSS to create parasites. There are people who think they can create real estate businesses or any other investment, counting on the henhouse that has many chickens and eggs.”
The social security system in Mozambique, according to the President, is becoming one of the best in southern Africa. He thought it urgent to consolidate through modernization and computerization.
To accompany institutional development, Nyusi recommended exemplary and insightful management, capable of innovating for the common good of Mozambicans.
Thus, the INSS should rigorously improve the mechanisms for recovering taxpayer debt from debtor companies, as a way to protect taxpayers.