FG vows unwavering support for NDIC to safeguard financial future
Abdullateef Fowewe
The Federal Government has reaffirmed its ironclad commitment to bolstering trust, stability, and resilience in Nigeria’s financial system during the Nigeria Deposit Insurance Corporation (NDIC) Annual Strategic Stakeholders Retreat.
Representing the government, Dr Zacch Adedeji, Executive Chairman of the Nigeria Revenue Service (NRS), stressed that achieving Nigeria’s ambitious goal of a one-trillion-dollar economy hinges on rock-solid investor and depositor confidence.
“Nigeria’s goal of becoming a one-trillion-dollar economy depends on investor and depositor confidence, strong bank capitalization, effective enforcement mechanisms, and sustained inter-institutional collaboration,” Adedeji stated in the official Presidency release on Thursday.
He also pledged the government’s full backing for the NDIC’s critical role.
The statement highlighted, “FG Reaffirms Commitment to Financial System Stability at NDIC Retreat,” underscoring priorities like safeguarding depositors’ funds and maintaining systemic stability through strong bank capitalisation and collaborative enforcement.
