President Muhammadu Buhari has signed into law, the Act establishing the National Institute of Credit Administration (NICA).
As a result of this, the nation’s credit management landscape will receive a major boost.
NICA which was formerly known as the Institute of Credit Administration (ICA) was the brainchild of Prof. Chris Onalo, the doyen and founder of the credit management profession, who for decades was unrelenting in his pursuit of the noble cause.
Shedding light on the milestone achieved thus far, Onalo said with President Buhari’s assent, the institute is now known as the National Institute of Credit Administration (NICA), Act No. 1018 of 2022.
The Founding Registrar/Chief Executive Officer of the Institute thanked the Buhari administration for making the dream of many years possible after operating without national recognition for three decades.
He said, the Institute is poised to handle any form of credit management or credit control functions that will require a person to be academically, professionally, and experientially qualified through capacity building and skills development programs.
“With the robust curriculum modules already developed for the study of credit management by the Institute, Nigerians are set for the attainment of academic and professional qualifications in credit administration which prepares them for credit management functional positions in the labor market of the credit industry, both nationally and internationally.”
