President of the National Institute of Credit Administration (NICA), Andy Ojei, emphasizes the importance of a sustainable credit ecosystem to drive Nigeria’s economic transformation. He advocates for credit as the lifeblood of modern economies, fueling businesses and creating growth opportunities in all sectors.
NICA’s Registrar/CEO, Prof Chris Onalo, highlights the potential of Nigeria’s credit system in unlocking economic opportunities for its over 200 million population. He stresses the need for a credit-driven economy to support industrial growth and innovation, with the private sector leading job creation.
Vice President Kashim Shettima details initiatives by the Bola Tinubu administration to transition Nigeria to a credit-based economy. Measures include the establishment of the Presidential Council on Industrial Revitalisation and the Nigerian Consumer Credit Corporation to improve consumer access to credit.
Governor of Lagos State, Babajide Sanwo-Olu, pledges commitment to developing a credit-cultured economy in Lagos as Nigeria’s commercial hub. Lagos aims to create an environment that supports credit expansion for businesses and individuals, promoting financial growth and prosperity.