The National Institute of credit Administration (NICA) Chartered is seeking funding of up to $5 million from international donor organizations to support its mission to promote professional credit management practices in Nigeria. This funding will enable NICA to strengthen its capacity, expand its programmes and services, build a befitting NICA’s corporate headquarters in Lagos State, and contribute to the development of a robust credit ecosystem in Nigeria.
NICA is a non-profit, non-government funded professional organization established by NICA Act No. 26 of 2022 to promote “professional credit management practices in Nigeria”. The Institute’s mandate under the Parliamentary Act is to provide training, certification, professional development skills, and advocacy for credit management professionals, and to promote the culture and create awareness for responsible consumer and corporate credit business practices in Nigeria.
The Registrar/CEO of the Institute, Professor Chris Onalo stated that the objectives of the project are to enhance NICA’S institutional capacity to deliver high-quality training, certification, professional skills development, and advocacy programmes in credit management, and building a world-class NICA corporate headquarters, and technology enhancement; emphasizing that the project will contribute significantly to the promotion and development of a robust credit ecosystem in Nigeria and Africa for consumer credit culture, financial inclusion and access to credit by MSME’s and underserved sectors.
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