The Nigeria Deposit Insurance Corporation (NDIC) started intervening in the provision of buildings in Nigerian schools since 1994 to support education and take the culture of banking to the grassroots.

The corporation, which has spent N1billion since it began the intervention in schools, said it started with tertiary institutions and later went into secondary schools, adding that it will still go to the primary schools in its efforts to inculcate the culture of savings in the pupils.

The executive director, Corporate Services of the corporation, Mrs. Lola Abiola-Edewor, disclosed this at the commissioning of NDIC-sponsored projects at the Unity High School, Ago Ika, Abeokuta, Ogun State.

She said education should not be left in the hands of governments alone, adding that public-spirited individuals and corporate bodies should join in improving infrastructure in educational institutions.

Abiola-Edewor used the occasion to reassure bank customers that their deposits in Nigerian banks are safe, maintaining that gone were the days when people feared putting their money in banks because of banks’ failure.

The ED urged the students of Unity High School and other beneficiaries to maintain the reconstructed buildings, saying that it will encourage other corporate organisations to come to their schools in the future.

She noted that part of the reasons for going to secondary schools was to inculcate in them the practice of saving in banks, stressing that “Nigerian banks are safer now”.