Odimmegwa Johnpeter/Abuja
The Nigeria Deposit Insurance Corporation and Taiwan’s Central Deposit Insurance Corporation have strengthened collaboration on deposit insurance operations and financial system stability following a high-level study visit by an NDIC delegation to Taiwan.
The delegation, led by the Executive Director (Corporate Services) of NDIC, Emily Osuji, engaged in strategic exchanges focused on benchmarking global best practices in deposit insurance systems and financial safety mechanisms.
According to the corporation, the collaborative visit enabled both organisations to share experiences and compare approaches in key and emerging areas of the Deposit Insurance System (DIS), including system design, bank resolution frameworks, deployment of digital technologies and artificial intelligence, as well as risk monitoring and early warning mechanisms.
The discussions also explored broader financial safety net operations and strategies aimed at improving institutional resilience within the banking sector.
As part of the engagement, NDIC held separate interactions with Taiwan’s SME Credit Guarantee Fund to exchange ideas on frameworks and strategies for promoting stability within the micro, small, and medium enterprises sector.
The corporation noted that the visit provided a valuable opportunity for Nigeria to share its experiences while also learning from international best practices capable of strengthening the country’s financial protection systems.
NDIC reaffirmed its commitment to leveraging strategic international partnerships and knowledge-sharing initiatives to enhance depositor protection, strengthen financial system resilience, and improve the effectiveness of Nigeria’s deposit insurance framework.
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