NDIC Strengthens Ties with Ministry of Finance, Reaffirms Commitment to Financial Stability

 

 

The management of the Nigeria Deposit Insurance Corporation (NDIC) recently paid a courtesy visit to the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, at the Federal Ministry of Finance in Abuja. Led by the Managing Director/Chief Executive Officer, Mr. Bello Hassan, the visit aimed to strengthen the relationship between the NDIC and the Ministry of Finance.

 

Accompanied by the NDIC Executive Director, Operations, Mustapha Ibrahim, and the Executive Director, Corporate Services, Mrs. Emily Osuji, the team discussed areas of collaboration and partnership with the Ministry of Finance. They also provided updates on the corporation’s activities and initiatives aimed at promoting financial stability and protecting depositors’ funds.

 

The visit underscores the importance of collaboration and cooperation between the NDIC and the Ministry of Finance in achieving their respective mandates. As the primary deposit insurer in Nigeria, the NDIC plays a critical role in maintaining financial stability and promoting confidence in the banking system.

 

In recent times, the NDIC has been involved in various initiatives aimed at promoting financial inclusion, reducing non-performing loans, and enhancing the overall stability of the financial system. The corporation’s efforts have been recognized by various stakeholders, including the International Association of Deposit Insurers (IADI) ¹.

 

The NDIC’s courtesy visit to the Minister of State for Finance is a testament to its commitment to collaboration and partnership with key stakeholders in the financial sector. By working together, the NDIC and the Ministry of Finance can ensure the stability of the financial system and protect the interests of depositors.

 

 

By working together with the Ministry of Finance and other stakeholders, the NDIC can continue to promote financial stability and protect the interests of depositors in Nigeria.