NGMinister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, emphasized the need for Nigerian banks to earn public confidence to support economic resilience. Speaking at the IADI Africa Regional Committee workshop, he stated that confidence in the financial system must be built through strong institutions, transparency, and preparedness. He highlighted the importance of banking recapitalization in enhancing resilience against global economic uncertainties. Oyedele linked deposit insurance to financial inclusion, arguing that public trust leads to increased savings, lending, and economic growth. He called for collaboration among regulatory bodies, financial institutions, and the media to maintain stability amid rapid financial innovations like fintech and digital payments. The NDIC MD, Thompson Sunday, reiterated the organization's focus on depositor protection and adapting to evolving financial challenges.
Bias read (Center): While the article discusses a politically sensitive topic related to financial regulation and public trust, the framing remains balanced. It presents the perspectives of both the Minister of Finance and the NDIC MD without overtly favoring either side. The emphasis is on institutional responsibility
