Minister of State for Youth Development, Mr. Ayodele Olawande, has commended the Nigeria Deposit Insurance Corporation (NDIC) for its achievements in safeguarding depositors from the adverse impacts of bank failures.
Specifically, the minister lauded the Corporation for consistently supporting the Central Bank of Nigeria (CBN) in overseeing the banking sector and contributing to the stability of the nation’s financial system.
Olawande, who spoke on the impressive scorecard of the NDIC when he paid a courtesy visit to the management in Abuja, expressed the readiness of his ministry to collaborate with the Corporation to further deepen public awareness on its mandate and activities, especially among youth and unbanked populations in rural areas.
According to him, this can be achieved through the Ministry’s Nigerian Youth Academy (NiYA) initiative as a veritable tool for financial inclusion.
He explained that NiYA was a response to the Presidential mandate to the ministry aimed at unleashing the creative potential of Nigerian youth for employment generation and wealth creation.
Olawande described NiYA as a digital marketplace connecting Nigerian youth, both domestically and in the diaspora, to showcase their creativity, acquire relevant skills, and secure employment opportunities aligned with their life ambitions.
With the slogan “one youth, two skills, one local government, one product,” the initiative aims to empower seven million youths with transformative skills. It features components such as online classes, job fairs, and access to resources and funding. Additionally, the Ministry is partnering with agencies mandated for skills acquisition and empowerment to achieve its objectives.
In his remarks, the corporation’s Managing Director/Chief Executive, Mr. Bello Hassan, who was represented by the Executive Director (Operations), Mr. Mustapha Ibrahim, commended the ministry for the initiative, highlighting the Academy’s potential enhance capacity building and empower Nigerian youths, fostering business activities, entrepreneurship, and wealth creation.
He noted that the ministry’s proposal aligned with NDIC’s objectives of promoting financial inclusion and strengthening public confidence in the nation’s financial system.
Bello stressed that the initiative would create an enabling environment for Nigerian youth to thrive and contribute meaningfully to the nation’s development.
Photo Caption
NDIC’s Executive Director (Operations), Mr. Mustapha. Ibrahim (middle), making his welcome remarks to Minister of State for Youth Development, Mr. Ayodele Olawande (right) while the Executive Director (Corporate Services), Mrs. Emily Osuji, looks on during the minister’s courtesy visit to the management of the corporation in Abuja recently
