NDIC: The Path to Progress

In recent years, the Nigerian Deposit Insurance Corporation (NDIC) has played a critical role in stabilising Nigeria’s financial market through innovative programmes. The turbulence that the banks faced in their continuous growth to maturity, which was triggered by both the nation’s quest to modernise the banking system and global financial meltdown, have been effectively overcome – to the relief of both depositors and the financial system. And, generally, the Corporation has charted a path that has taken the Deposit insurance scheme (DIS) within the country to enviable heights.

At the regional and global stages, the NDIC leadership has become critical to the promotion of best practice in DIS among African nations and developing countries. All these cannot be divorced from the quality leadership at the NDIC.