Banks must earn public confidence - Oyedele

…As NDIC boss declares protecting depositors a priority

Emma Ujah, Abuja Bureau Chief

The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has challenged regulators and operators in the nation’s banking sector to strengthen public confidence in the industry for a robust economy.

Speaking at the 2026 International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) workshop, today, in Abuja, he said, “Confidence cannot be legislated, purchased, or imposed; it must be earned through strong institutions, transparency, effective communication, preparedness, and consistent action.

“The stronger our institutions, the greater the confidence they inspire. The greater the confidence, the more resilient our financial system becomes, and the more resilient our financial system, the stronger our economies, and the greater the prosperity we can create for our people.”