Governor Babajide Sanwo-Olu of Lagos State has urged the National Institute of Credit Administration, NICA, to increase its promotion of credit management profession in the country.
Sanwo-Olu gave this advice at the 30th Anniversary Business Networking Dinner Night organisedby NICA on Wednesday in Lagos.
Represented by the Commissioner of the Ministry of Youths and Development of Lagos State, Mr Mobolaji Ogunlende, Sanwo-Olu said he was pleased to celebrate NICA’s 30th anniversary.
“I congratulate the institute on its achievements and milestones which is a testament to the dedication, expertise and unwavering commitment of its leadership and members to promoting excellence in credit management,” he said.
“We are also here to commemorate the transition of the institute to one of the professional bodies’ powers of control, supervision and regulation of credit management in Nigeria,” he said.
The President and Chairman, Governing Council of NICA, Mr Andy Ojei, spoke on the importance of a sound credit management system for sustainable economic growth.
Ojei said this would eradicate the global economic crisis caused by inadequate credit management skills.
“Our steadfast commitment to aiding governments in shaping policies and advocating for implementation in matters of credit management is a source and pride to us,” he said.
Additionally, he said NICA aims to contribute to the ease of doing business in Nigeria by fostering international collaborations and partnerships, thereby attracting trade and investment into the country.
The Registrar and Chief Executive Officer of NICA, Prof. Chris Onalo, said, it was celebrating its satisfaction as NICA clocked three decades in existence, and its recent achievement as a national chartered professional body for credit management knowledge, education, and certification in Nigeria.
Onalo posited that hard work, passion, diligence, and dedication were the only mantra in the journey to success.
“The idea was conceived, and the vision delivered not only to navigate but to orchestrate the best possible economic growth model and a systematic paradigm for Nigeria as a better economic future approach,” he said.

Alleluia is the Assistant Editor and Content Writer at LagosPost.ng. She is a prolific writer and editor, she has written features and news stories on Lifestyle, Sports, Business, Politics and B2B marketing. She is also an event coordinator, host and social media content creator.