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More benefits for Nigerians as Buhari strengthens Credit Administration

He keeps strengthening national structures across board to leave a lasting and better country for posterity. Tomorrow, Tuesday, 22 November, 2022, President Muhammadu will further etch his name in the sands of time as he is expected to unveil the National Institute of Credit Administration (Establishment) Act No 1018 of 2022, which he signed into law on August 16 this year.


The unveiling is part of his administration’s policy of encouraging and promoting economic growth and diversity. The event is billed for Four Points by Sheraton Hotel, Victoria Island, Lagos State.


President and Chairman of Council, National Institute of Credit Administration (NICA), Andy Ojei, disclosed these to newsmen. According to him,  the unveiling will further boost the institute and what it stands for.


Ojei added: “Now that the Institute is signed into law as NICA, the impact will be bolder, forthright, and it’s now a different ball game. The Act now gives us the power to regulate the practice of credit management and credit administration in the country.


“Also, it gives us the right to organize training that is geared towards capacity development in the area of credit management and credit administration. It also gives us the right to regulate any person that desires to set up any business that has to do with credit administration, even as we are saddled with the responsibility to ensure that such practices are done with high level of professional competence and integrity. This is important, as we all know that no economy grows without the use of credit, and there is no example of any advanced society where credit is not in use.





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