President Major General Muhammadu Buhari (ret.) will be in Lagos to introduce the National Institute of Credit Administration Act to the general public.Information Guide Nigeria

It claimed that the National Institute of Credit Administration (Establishment) Act No. 1018 of 2022 of the National Assembly was signed into law by the President on August 16, 2022 in order to support and promote economic growth and variety.

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The statement signed for the management by the Registrar and Chief Executive Officer, NCIA, Prof Chris Onalo, read, “As no economy grows without the use of credit and there is no example of any advanced society where credit is not in use, the assent of Mr President to the NICA Bill was an unprecedented foundation laid for transition of the Nigerian economy from cash-based to credit-based, a system which will serve as a catalyst for both economic growth and social transformation.

“The National Institute of Credit Administration, now chartered, is a prestigious body of eminent credit management elites in the country.”JAMB Result

While the President would be in Lagos in November to announce the Act to the public, the institute’s governing board said it would use the occasion to present its coveted Fellowship Award to eminent Nigerians who have distinguished themselves in advancing the credit economy agenda in Nigeria.

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