Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to strengthening its Deposit Insurance Funds (DIFs) to boost the stability and resilience of Nigeria’s financial system.
MD/CEO of NDIC, Thompson Oludare Sunday told the Budget Office Director-General, Tanimu Yakubu, that robust DIFs are essential for the Corporation to handle potential banking-sector crises without depending on government bailouts. He said strong DIFs are central to NDIC’s contingency and crisis plans and credited that approach for enabling payment to depositors of Aso Savings & Loans and Union Savings & Loans within 72 hours after the Central Bank revoked those licenses in December 2025.
Sunday pledged continued collaboration with the Budget Office and alignment of NDIC activities with the national budget to support evidence-based planning and contribute to economic growth, including the federal goal of a $1 trillion economy by 2030.
Yakubu praised NDIC’s transparency in managing the funds and urged the Corporation to adopt technology-driven investment strategies and benchmark its instruments against international best practices to better protect depositors and sustain public confidence.
