NICA lauds Buhari, awards individuals for sustaining economy

The Registrar and Chief Executive Officer of National Institute of Credit Administration (NICA), Prof. Chris Onalo, has commended President Muhammadu Buhari for signing into law the NICA (Establishment) Act No 1018 of 2022 of the National Assembly, making the institute nationally and globally recognised.

He was speaking during NICA’s event, at the weekend, to recognise outstanding individuals and management, who demonstrated innovation and constituted the economic backbone of the country.

The 2022 NICA award included the Most Shrewd Entrepreneur For Business Expansion and Consolidation of the Year, Credit Manager of the Year, Chief Credit Officer of the Year, Credit and Financial Analyst of the Year, Credit Modelling and Data Mining of the Year, Credit Risk Examiner of the Year, Outstanding Credit Bureau Director of the Year, Corporate Debt Recovery Professional of the Year, Asset Management Director of the Year and Credit Management Director of the Year.

Onalo stated that credit management is not only the mother of other professions, but the soul of business and the most powerful investment window.

“In every economy, business and trade, credit is the economy’s largest source of business financing by volume, which exceeds even bank loans, with literally billions of naira exchanged yearly,” Onalo said.

He added that the award recipients distinguished themselves with outstanding management and entrepreneurial practices to champion innovation, bring out the best in employees and deliver superior performance in the country.

“The purpose of the awards is to promote efficiency, propel ethics and professionalism, recognise exceptional performance, encourage management initiative and sound policy supervision in credit management, financial analysis and general management across all industries by credit experts in the nation’s credit industry and stimulate inter-industry competitiveness amongst the workforce,” said the NICA boss.

In his address, NICA President and Chairman of its Governing Council, Andy Ojei, congratulated the awardees and noted that they should keep up with their integrity.