In response to the developments in the Nigerian financial services industry and the global economy, the NDIC had taken some initiatives to enhance its relevance as a critical component of the financial safety-net.  In particular, the DIS coverage levels were recently increased from N200,000 and N100,000 to N500,000 and N200,000 for deposit money banks and microfinance banks/primary mortgage institutions,  respectively.  The increase was based on the dynamics of the industry and also to address the public concern for increase in the coverage levels and ultimately enhancing the confidence of the public in the financial system.  The new increase took effect from November 2010. 

Furthermore, the Corporation had also reduced the deposit insurance premium payment burden of the banking industry following the establishment of the Financial Stability Fund in which N1.5 trillion would be contributed over the next 10 years by both the banks and the CBN.  The reduction in premium rate would serve as the contribution of the NDIC to the initiative.