The Nigeria Deposit Insurance Corporation has earmarked about N50Million towards sponsoring popular sports competitions in seven states across the six geo-political zones of the country.
 
The NDIC sports sponsorship, which is the pilot scheme of such financial assistance towards sports development in the country, is aimed at promoting sports development especially in our schools in line with its corporate social responsibility.

While flagging off the Under 18 Senior Secondary Schools Volleyball championship in Kano state, the NDIC Managing Director/Chief Executive, Umaru Ibrahim, mni said that the Corporation had donated N5million each towards the successful conduct of the various sports tournaments in six states of the federation and the FCT. Alhaji Ibrahim, who described sports not only as a veritable tool for physical and mental development but also as one of the avenues for creating and maintaining unity, charged students at all levels to shun violence, cultism, drug addiction and other vices and concentrate on their studies.

The NDIC Chief Executive Officer also disclosed that the Corporation has since 2003 been actively involved in the development of education in Nigeria through sponsorship of various projects. The projects are located in federal and state universities as well as other tertiary institutions in the six geo-political zones of the country.

Among the sports competitions that are being sponsored by the NDIC include Ibrahim Geidam under -20 Hockey tournament in Yobe State, Open Table Tennis Championship in Ekiti state; Under -18 Senior Secondary Schools Volleyball Championship in Kano state. The rest are Benue State Inter- Local Government Basketball Competition, Bayelsa Male& Female Wrestling Championship, Oyo State Annual Disabled Sports Competition and FCT Minister’s Under-17 Football Competition.