NDIC posts 97% budget execution, proposes N589.9bn for 2026
Naija News • 3d ago
The Nigeria Deposit Insurance Corporation recorded a 97 per cent implementation of its 2025 budget, a performance that drew commendation from lawmakers and set the tone for its proposed ₦589.89bn expenditure plan for the 2026 fiscal year.
The Chairman of the House of Representatives Committee on Insurance and Actuarial Matters, Ahmed Jaha, disclosed this on Thursday during a budget defence session after the Corporation’s Managing Director/Chief Executive, Oludare Sunday, presented the agency’s 2025 performance and 2026 estimates.
Jaha, a member of the All Progressives Congress from Borno State, described the level of implementation as exceptional, particularly at a time when several Ministries, Departments and Agencies have struggled to execute their capital budgets.
“I want to put this...