ROLE OF NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC) IN PROMOTING STABILITY OF THE FINANCIAL SYSTEM
ROLE OF NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC) IN PROMOTING STABILITY OF THE FINANCIAL SYSTEM
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Date
2013-02
Authors
UMARU, USMAN MAKAMA
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Abstract
Deposit Insurance Scheme (DIS) is a key component of most
financial systems worldwide. It is an active component of the
financial safety-net put in place by governments as a means of
intervening in the financial system because of the important roles it
plays in protecting depositors. This research work is an attempt to
ascertain whether or not NDIC, which is the agency responsible for
administering the DIS in Nigeria contribute to the stability of the
financial system. The survey research method was used in this
study, while data were collected from both primary and secondary
sources and analysed by the use of simple percentage method.
The results from the analysis revealed that NDIC has continued to
play an important role in promoting financial system stability in
Nigeria. Based on the findings, the researcher recommends that
NDIC be given adequate enforcement powers by the government
to ensure compliance with the NDIC Act and also aggressive
public awareness campaign about the benefits of DIS should be
undertaken by NDIC and other relevant stakeholders in order to
reduce the misconceptions and confusions about the roles of DIS
in financial system stability.
Description
BEING A RESEARCH PROJECT SUBMITTED TO THE
POSTGRADUATE SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA,
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE
AWARD OF MASTERS IN BUSINESS ADMINISTRATION (MBA)
DEGREE
DEPARTMENT OF BUSINESS ADMINISTRATION, AHMADU BELLO
UNIVERSITY, ZARIA
FEBRUARY, 2013
Keywords
ROLE,, NIGERIA DEPOSIT,, INSURANCE,, CORPORATION,, FINANCIAL SYSTEM