NICA unveils credit economic forum

National Institute of Credit Administration (NICA) is set to unveil Nigeria Credit Economic Forum (NCEF), a platform designed to address challenges, share insights and drive innovations in Nigeria’s credit ecosystem.

This is contained in a statement by NICA’s CEO, Prof. Chris Onalo, in Lagos.“This annual event will bring together leaders from federal and state governments’ credit facilitation agencies, corporate and consumer credit providers/grantors, foreign credit investment organisations, export credit agencies, formal and informal credit using entrepreneurs, cooperative/thrift credit union or operators, and academic community to explore transformative solutions for creating a more inclusive and resilient, people-centred credit economy.” According to him, the goal of the forum is to provide and promote actionable insights, foster collaborations that strengthen Nigeria’s credit infrastructure, and other corporate and consumer credit enabling system.

He said NCEF was conceived to follow the pattern of the World Economic Forum (WEF), and was expected to generate the same momentum across Africa and the world, serving as a platform to drive Nigeria’s economy away from the long-standing cash-based system to a robust credit-based economy.

This forum will parade the heartbeat economic leaders, expected to pioneer this transition. We expect a large pool of participants in the annual gathering, including policymakers,” he said.