Salary structure of Nigeria Deposit Insurance Corporation (NDIC)

The Nigeria Deposit Insurance Corporation (NDIC) plays an essential role in protecting depositors and enhancing the stability of the Nigerian banking system.

As such, it is important to understand the salary structure of the NDIC and how to become a part of this critical institution.

Salary Structure of NDIC

The salary structure is based on the levels of the civil service, and it is adjusted periodically to reflect economic conditions and prevailing market rates.

Here is a breakdown of the salary structure of the NDIC by rank

• Director – N11,752,187 – N12,898,979

• Deputy Director – N9,132,671 – N9,928,758

• Assistant Director – N6,856,813 – N7,616,011

• Chief Manager – N5,323,705 – N5,911,826

• Manager – N4,121,876 – N4,570,510

• Deputy Manager – N3,206,524 – N3,547,194

Assistant Manager – N2,564,784 – N2,844,204

• Senior Officer – N1,907,135 – N2,181,750

• Officer – N1,551,691 – N1,787,882

• Executive Assistant – N1,405,157 – N1,637,912

How to Become Part of the Institution

To join the NDIC, you must meet certain educational and professional requirements.

You must hold a degree from a recognized institution and possess relevant professional qualifications such as ACCA, ACA, CIBN, or CFA. Relevant experience in the banking industry is also an advantage.

FAQs

What benefits and allowances do NDIC staff members receive?

NDIC staff members are entitled to various benefits and allowances, including medical treatment, life insurance, loan facilities, and vacation leave.

Can I join the NDIC if I do not have banking experience?

It is an advantage to have relevant experience in the banking industry, but it is not a requirement.

How long does the NDIC recruitment process take?

The recruitment process can take several weeks to several months, depending on the number of applications and the availability of positions.