NDIC Seeks Stakeholders’ Input on Revised Global Deposit Insurance Principles
Oru Leonard
The Nigeria Deposit Insurance Corporation (NDIC), is calling for feedback from financial services industry stakeholders, policymakers, and the general public on the ongoing revision of the International Association of Deposit Insurers (IADI) Core Principles for Effective Deposit Insurance Systems.
The revision aims to enhance the resilience and relevance of deposit insurance frameworks in response to the evolving global financial landscape, including digital innovation and lessons learned from the 2023 banking turmoil.
The IADI Core Principles serve as a benchmark for assessing the quality of deposit insurance systems and identifying gaps in practices.
The Core Principles are used by jurisdictions, including Nigeria, and international bodies like the International Monetary Fund (IMF), and the World Bank, to evaluate deposit insurance system effectiveness.
Stakeholders can review the draft revised document on the NDIC website: (https://ndic.gov.ng/wp-content/uploads/2025/06/Draft-Revised-IADI-Core-Principles.pdf)
Feedback should be submitted via email to iadi@ndic.gov.ng in PDF format on or before June 30, 2025.
The IADI Core Principles were first issued in June 2009 and are subject to periodic revision to keep them up-to-date with global financial system trends. As a founding member of IADI, NDIC recognizes the importance of this revision and invites stakeholders to participate.
