The Nigeria Deposit Insurance Corporation (NDIC) recently organized a workshop on financial literacy aimed at secondary school students in Calabar, Cross River State. The event attracted over 200 participants from four different schools, including West Africa People's Institute and several government secondary schools. The workshop focused on teaching students about wealth creation strategies, self-reliance, and the importance of financial independence in today’s economy.

During the event, Obialor Ugochukwu, the Zonal Controller of NDIC's Owerri Zonal office, provided insight into the corporation's mission and history, highlighting its establishment in 1988. He emphasized the importance of the Deposit Insurance System (DIS), which protects depositors' funds in the event of bank failures, thereby fostering confidence in Nigeria's financial system. The NDIC's role is crucial in safeguarding the financial interests of the Nigerian populace, particularly in an era where financial literacy is increasingly necessary for economic empowerment.

This initiative by NDIC not only aligns with the agency’s goals of promoting financial security but also underscores the need for early education on financial matters among young Nigerians. By addressing financial literacy at the secondary school level, the NDIC aims to equip the next generation with the knowledge and skills required for effective financial decision-making, thereby contributing to a more financially aware and resilient society.