Insurance Corporation to institute policies to safeguard financial services industry

The Nigeria Deposit Insurance Corporation (NDIC) says it would collaborate with relevant institutions to institute policies that would ensure the safety of the financial services industry in Nigeria.

The Managing Director of the corporation, Mr. Umaru Ibrahim reaffirmed this while giving a welcome address at a seminar organized for the management staff of the Federal Ministry of Finance in Abuja, Nigeria.

He said in line with the mandate of the corporation: “it is very important that the NDIC educates and enlightens all its stakeholders on its activities, it is therefore a step in the right direction to organize this seminars as an avenue to create proper understanding of its activities by the staff that are saddled with the task of supervising it”.

While noting the strategic role of the Federal Ministry of Finance, as the guarantor of the lender of last resort, the NDIC boss wait it I’d necessary to engage iit in capacity building drive in a bid to upscale and harness the human resources potentials within the ministry.

He added: “This seminar therefore seeks to sharpen the skills of key staff of the ministry by apprising them with development in the financial system and economy in order to enable them  effectively discharge their functions of addressing the evolving challenges in the Nigerian economy.’

On his part, the Deputy Director, Home Finance, Federal Ministry of Finance, Mr. Ebade Atoha said the Seminar would help bridge skill gap as well as provide the up to date knowledge of the financial system in Nigeria.

This conference is intended to sharpen the skill of officers of the ministry of Finance, there is a synergy between the ministry and NDIC, we need to be on the same page in order to ensure the Nigerian Financial system works.