FG unveils credit management profession to drive economic growth
L-r: Representative of the Elegushi of Ikate Kingdom, Prince Olanrewaju Bakare; Representative of the Oniru of Iru Kingdom and the Olopon of Iru Kingdom, Prince Olumide Ilumo Oniru; Council President, National Institute of Credit Administration (NICA), Mr. Andy Ojei; Representative of Vice President Kashim Shettima and Technical Advisor to the President on Economic and Financial Inclusion, Mr. Nurudeen Abubakar Zauro; Registrar/CEO, NICA, Prof. Chris Onalo; Council Vice President, NICA, Dr. (Mrs) Markie Idowu, and Representative of Governor, Lagos State, Mrs Alake Sanusi, during the formal unveiling of Credit Management Profession to Nigeria by the Vice President at the National Credit Managers Conference 2024 held at Bankers House, Lagos on Tuesday.
Abdullateef Fowewe
The Vice President, Kashim Shettima, on Tuesday, formally unveiled the Credit Management Profession in Lagos, at the inaugural National Credit Managers Conference and the annual Investiture of the Nigeria Credit Industry Awards, by the National Institute of Credit Administration(NICA).
Shettima who was represented by his Technical Adviser on Economic and Financial Inclusion, Dr Nurudeen Zauro, on Tuesday at the event which took place at the CIBN House, Victoria Island, stated that the recognition marks a significant step towards enhancing Nigeria’s credit landscape.
The two-day conference themed “Credit Grows Green Economy,” gathered industry leaders who made presentations, and other key stakeholders including the representative of Oba Abdulwasiu Lawal (Abisogun Il), the Oniru of Iru Kingdom and Alaiyeluwa Oba Saheed Elegushi (Kusenla IIl), the Elegushi of Ikate Kingdom to discuss strategies for integrating credit into sustainable development initiatives across the nation.
Shettima while speaking at the event emphasised the profession’s role in fostering growth and creating opportunities across various sectors.
He said, “Today, I declare to all Nigerians that the Credit Management Profession, in accordance with the NICA Act No. 26 of 2022, is now formally recognised and established in our great country.
“This is a call to action for all businesses, institutions, individuals, and families to embrace the credit management profession, as it will play a crucial role in driving economic development and creating opportunities for sustainable prosperity.”
However, Shettima commended the National Institute of Credit Administration (NICA) for organising a significant conference aimed at promoting the newly recognised Credit Management Profession in Nigeria.
He urged participants to engage actively in both intellectual and social activities to foster new connections and strengthen existing relationships.
The Vice President said, “I therefore wish to use this medium to thank the NICA for organising this significant conference while believing that it will achieve tremendous success.
“I urge everyone to participate actively in its various intellectual and social activities to build new bonds and strengthen existing relationships. I congratulate the nation’s “Mr. Credit” and Registrar/CEO of the institute, Prof. Chris Onalo (FICA), and the governing council led by Mr. Andy Ojei (FICA), for this laudable work.
“In conclusion, I wish you all a very fruitful conference. I hope that the outcome of your deliberations will impact positively on the socio-economic fortunes of our country and Africa in the years ahead, by improving our credit management system and access to economic opportunities and finance. I look forward to reading your communique. Together, we shall forge a brighter economic future for Nigeria,” Shettima concluded.
