The Nigeria Deposit Insurance Corporation achieved a 97% execution rate of its 2025 budget, leading to a proposed ₦589.89 billion budget for 2026 following positive feedback from lawmakers.
The Nigeria Deposit Insurance Corporation (NDIC) has reported a remarkable 97% execution rate of its 2025 budget, which has garnered praise from members of the House of Representatives. During a recent budget defense session, NDIC's Managing Director, Oludare Sunday, presented the agency's performance metrics for the previous fiscal year alongside plans for the upcoming 2026 budget, which is proposed at ₦589.89 billion. Ahmed Jaha, Chairman of the House Committee on Insurance, noted that NDIC's efficiency in budget implementation stands out particularly against the backdrop of challenges faced by other government agencies.
