President to unveil NICA Act Nov 22 in Lagos

President Muhammadu Buhari, will, on November 22, unveil the National Institute of Credit Administration (Establishment) Act No. 1018 of 2022 in Lagos.
He had given assent on August 16 in line with his administration’s policy of encouraging and promoting economic growth and diversity.

In a statement, Registrar/Chief Executive Officer of National Institute of Credit Administration (NICA), Prof. Chris Onalo, said: “As no economy grows without use of credit, the assent by Mr. President to the NICA Bill was an unprecedented foundation laid for transition of Nigerian economy from cash to credit-based, a system, which will serve as a catalyst for both economic growth and social transformation.

“NICA is a prestigious body of eminent credit management elite in the country. The governing council will use the occasion of Mr. President’s visit to Lagos to unveil NICA (Establishment) Act to confer its prestigious fellowship award on eminent Nigerians that have distinguished themselves in stimulating the credit economy agenda in the country.”

Members of the council are: Andy Ojei (President/Chairman); Dr. (Mrs.) Markie Idowu (Vice President/Vice Chairman); Prof. Chris Onalo (Registrar/CEO); Mrs. Eunice Sampson; Mr. Thomas Imokhai; Dr. Felix Amieyeofori; Owoyemi Alaba; Mrs. Wosilat Adebayo and Dr. Akintoye Akindele.