NDIC, CDIC Taiwan Benchmark Deposit Insurance Experience

An NDIC delegation led by the Executive Director (Corporate Services), Mrs. Emily Osuji recently completed a study visit program with the Central Deposit Insurance Corporation (CDIC), Taiwan.

The collaborative visit enabled the two organisations to benchmark each other in critical and emerging areas of the Deposit Insurance System (DIS) such as design, bank resolution frameworks, application of digital technologies and Artificial Intelligence as well as risk monitoring and early warning signals in DIS operations in particular and financial safety net in general.

NDIC also exchanged views with Taiwan’s SME Credit Guarantee Fund on strategies and framework to promote stability in the micro, small and medium enterprises sector of the economy.

The visit provided a valuable platform to share Nigeria’s experience and learn from global best practices.

NDIC remains committed to leveraging international partnerships to strengthen depositor protection and enhance the resilience of Nigeria’s financial system.