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BENEFITS OF BEING A NICA MEMBER

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The Benefits of Being A Fellow, Member or Associate of NICA

…Submitted By NICA’S Membership and Subscription Committee

Our Institute offers wider benefits to members more than any other institute

  • The Credit Manager Magazine / Special Inductees Edition: NICA members will receive monthly magazines (The Credit Manager) both in hand & soft copy. This is for credit industry professionals and businesses
  • Credit Economy Newsletter: Members receive the well-read and widely circulated Credit Economy newsletter of the institute electronically.
  • Credit Managers Roundtable Monthly: Once every month virtually – members come together to rub minds on current, trending credit management, economy and finance, business management and entrepreneurship capacity development through webinar zoom room, to educate members on issues which affect credit professionals
  • NICA Credit Management Training Programs: The national Institute of credit Administration provides opportunities for networking, educational programs, seminars and school events. earn valuable professional development skills.
  • Two Hours free training: in an organization where NICA have more than (10) members, the institute comes in one-off to present a two hour free training on any tropical credit management right there at their workplace. this is designed to boost their ego in belonging to a prestigious chartered body of credit management elites.
  • NICA Business Networking forum: This is a forum that allows NCA members to sell their products and services to each other or to those who can buy from those who sell what they are looking for its actually a products and services exhibition.
  • Board of fellows: Members who are fellows of the institute belongs to various committees set up to consistently identify, monitor, report, advise, proffer solutions and make actionable recommendations on issues that affect the growth and development of every sector of the economy to economic stakeholders.
  • Annual Nigeria Credit Industry Awards: Every October, the institute organizes this award to honor, motivate and celebrate its members who have contributed to the profitability of their employers businesses during the year.
  • Credit Professional Employment Program (CPEP): Members have he opportunity to change jobs based on request from employers-taken advantage of NICA’s closer ties with credit industry.
  • NICA Member’s Mandatory Credit Management Academic Improvement Program (MCMAIP): This Program makes our members knowledge of credit management become more extensive; they will also notice that their intellectualism and professionalism has become well informed in matters of credit management anywhere in the world.
  • The Gathering of University Graduates: Potential NICA Members joins the gathering of university graduates by enrolling with Post Graduate School of Credit and Financial Management (PSCFM) with a view to deepening in or shifting career to credit management.
  • Participates in NICA’S Annual National Credit Managers Conference, Every October.
  • The institute is the officially recognized best credit management training place as it runs multifaceted courses in credit management / administration.
  • keeps contact with and grows your business by connecting to top notch/ eminent personalities in public and private sectors.

Benefits in Membership Referral

  • The referrer membership subscription fee for the year would be waved upon referring five (5) new members.
  • When a referrer has paid subscription fee for the year before the referral, the subscription fee for the following year would be waved automatically.

Corporate Membership

Corporate Membership Categories and Subscriptions

    1. Silver:              ₦2,500,000.00

    2. Platinum:        ₦3,500,000.00

    3. Gold:               ₦5,000,000.00

The following benefits accrue to corporate members

  • opportunity to nominate two (2) of its staffs to attend any three (3) of NICA’s High quality training in various areas of credit management in the course of a yearly basis at no further cost to you.
  • Additional staff from the organization are also entitled to a rebate of ₦100,000 as against the normal course fee of ₦150,000 per participant.
  • The company will be given five to ten minutes’ floor to speak about its product or services at NICA’s popular and well cherished business networking forum which brings together industrialists, entrepreneur and business owners of note to interface with SME’s and more importantly, NICA members who are largely top notch corporate chieftains- CEOs, ED’s, etc. and high net worth individuals (HNI’s) to buy those essential luxurious items for life.
  • A corporate member is entitled to the following additional benefits at NICA’s Business Networking Forum.
    1. Discount on participation fee
    2. Set up pull-up banners and backdrops to advertise the company/products.
    3. Set up its corporate desk to be manned by 2 or 3 of its representatives
  • Advert placement in the institute’s magazine: The institute’s credit manager magazine is widely circulated and it is read across industries ecosystem. The softcopy version of the magazine is well viewed by over 5,000 visitors to our website where the softcopy of the magazine is placed. Our advert rates are in 5 categories-inside front cover, inside page, inside back cover, outside back cover and center spread. 20% discount will be enjoyed by an organization that is a corporate member of the institute.
  • Discount on corporate and products advert placements in the institute’s monthly magazine which is widely circulated in business offices, including Chambers of Commerce and Trade Associations.
  • Corporate members have an opportunity to nominate one of their key credit staff for an award at the annual NICA’s Nigeria Credit Industry Awards. This will be well covered in the special edition of NICA’s magazine backed up by corporate advert at a rebate.
  • Whereas professional fees for NICA individual membership are as stated below, the company could benefit from group membership discount of up to 20% against each category of membership, subject to a minimum of 10 members at all times.
    1. Fellow (FICA):        ₦150,000
    2. Members (MICA): ₦ 67,000
    3. Associate (AICA):  ₦ 47,500
  • Special rebate from reputable partner airlines and/or hotels for NICA Corporate members across different locations in the country.
  • Holders of NICA’s Platinum Corporate Membership shall automatically qualify for a seat on the Council of the Institute of Credit Administration.
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