President Muhammadu Buhari will, tomorrow, in line with his administration’s policy of encouraging and promoting economic growth and diversity, unveil to the public the National Institute of Credit Administration Act No 1018 of 2022, which he signed into law on August 16, 2022 at Four Points by Sheraton Hotel, Victoria Island, Lagos State.
Ojei said further: “Now that the Institute is signed into law as NICA, the impact will be bolder, forthright, and it’s now a different ball game. The Act now gives us the power to regulate the practice of credit management and credit administration in the country. According to him, “this is important, as we all know that no economy grows without the use of credit, and there is no example of any advanced society where credit is not in use.
Source: Loan Digest (loandigest.net)
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