NDIC board promises sound policies towards financial system stability

Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have stated their commitment to the formulation of sound policies to enhance the safety and stability of the nation’s financial system as a way of justifying the confidence reposed in them through their appointment.

Ronke Shokefun, Chairman, stated this at the opening ceremony of the maiden retreat for members of the Board in Abuja. As a critical member of the Nigeria financial safety net, Shokefun said the new board is committed to providing the NDIC with the desired leadership required to enable the nation achieve its goal of becoming one of the top 20 economies in the world by Year 2020.

“As people of proven integrity, we are to collectively paddle the boat of NDIC in particular and that of the nation’s banking sector in general to safety. We owe this very important organisation and the nation that duty in order to justify the confidence reposed in us by His Excellency, President Muhammadu Buhari”, Shokefun said.

The Chairman described the role of the Board as critical in the achievement of the Corporation’s mandate, adding that the retreat will enable members gain full insight into the Corporation’s mandate, its operations, achievements and challenges. She concluded that the induction program will provide the Board with the in-depth Knowledge required for the formulation of policies to ensure enhanced service delivery by the Corporation.

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Earlier before the commencement of the retreat, Umaru Ibrahim, NDIC managing director/Chief Executive, expressed the hope that the retreat will provide the new Board with the critical information and insight on the activities of the Corporation ahead of their assumption of office.

HOPE MOSES-ASHIKE

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.