Abuja, July 28, 2025 — The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has charged the newly inaugurated management team of the Nigeria Deposit Insurance Corporation (NDIC) to deploy their wealth of experience in steering the agency toward improved efficiency, stability, and public trust in the financial system.
Speaking during a courtesy visit by the new NDIC leadership in Abuja, Mr. Edun emphasized the critical role the corporation plays in safeguarding depositor funds and promoting confidence in the banking sector. He urged the management to consolidate on existing reforms and ensure that the institution remains proactive and responsive to Nigeria’s evolving financial landscape.
“The expectations are high, and rightly so. We believe this new team possesses the right mix of experience and insight to reposition the NDIC for greater impact. It is vital that your leadership fosters transparency, efficiency, and resilience across all operations,” Edun stated.
He also highlighted the importance of collaboration between the NDIC and other financial regulators, especially in addressing systemic risks, ensuring early bank resolution strategies, and strengthening consumer protection frameworks.
Chairman of the NDIC Board, Dr. Abdulhakeem Abdullateef, who led the delegation, assured the minister of the team’s commitment to deepening the integrity and reliability of the deposit insurance scheme, with a renewed focus on digital transformation and stakeholder engagement.
The visit comes at a time when the Nigerian financial system is undergoing major reforms to boost financial inclusion, strengthen regulatory compliance, and curb institutional failures.
