The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has declared that a trusted and stable financial system, anchored by institutions like the Nigerian Deposit Insurance Corporation (NDIC) was essential to lifting millions out of poverty and driving Nigeria’s transition to a $1 trillion economy.
The minister who stated this while inaugurating the new board of directors of the corporation in Abuja, weekend, also identified domestic savings as the engine of sustainable investment.
“Domestic savings are the engine of sustainable investment. A trusted and stable financial system, anchored by institutions like the NDIC, is essential to lifting millions out of poverty and driving Nigeria’s transition to a $1 trillion economy,” he said.
The new NDIC board of directors led by Managing Director, Thompson Olu Dare Sunday and Executive Director, Ibrahim Sabokatata, was appointed by President Bola Ahmed Tinubu, and is expected to play a pivotal role in advancing Nigeria’s macroeconomic reform agenda.
