The primary objective of the NDIC is to?

The primary objective of the Nigeria Deposit Insurance Corporation (NDIC) is to give protection to bank depositors. The NDIC is an agency of the Nigerian government that provides insurance protection to depositors in case their bank fails or becomes insolvent. The NDIC provides this protection by insuring all deposit liabilities of licensed banks and other financial institutions that are operating in Nigeria. This means that if a bank fails or is unable to meet its obligations to its depositors, the NDIC will reimburse the depositors up to a specified limit. The aim of this protection is to enhance public confidence in the banking system, promote financial stability, and ensure that depositors are not left without recourse in the event of a bank failure. Therefore, the primary objective of the NDIC is to give protection to bank depositors, and to promote a sound and stable banking system in Nigeria.