The Executive Managements of the Nigeria Deposit Insurance Corporation (NDIC) and the National Credit Guarantee Company (NCGC) are working together to deepen sound risk management and early warning system in the financial services industry.
Talks on strengthening the framework for banking sector resilience were the subject of discussion when the MD/CEO of the NCGC, Mr. Bonaventure Okhaimo led members of his team on a courtesy visit to the NDIC’s MD/CE, Mr. Thompson Oludare Sunday in Abuja.
While the NCGC focuses on unlocking access to credit through risk-sharing mechanisms, the NDIC is committed to safeguarding depositors’ funds and promoting confidence in the banking system, thereby strengthening financial intermediation and supporting inclusive development.
To this end, the two Chief Executives agreed to draw on their complementary mandates to promote Unified Risk Management and Early Warning System to reinforce the resilience of the banking system and expand access to credit for businesses and individuals.
