The National Institute of Credit Administration Act 2022 establishes the National
Institute of Credit Administration to regulate the credit management practice
and set standards and skills to be attained by persons seeking to become
professional credit managers in Nigeria by providing range of services and
programmes aimed at keeping Nigerian credit managers and their executives
up-to-date by developing their professional skills, elevating their status
and inculcating ethics in their service of managing credit for their
employers, among others.
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As a chattered prestigious body of eminent credit management elites, NICA is empowered by law to, control supervise and regulate credit management profession in Nigeria; the institute preserves, promotes and protects the integrity and interests of credit business across sectors of then economy.