Friday, 3rd May2024.

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NICA Announces Global Membership Initiative

…Extends Professional Membership and skills certification in credit management to Nigerians and Africans in the UK, Europe, USA, Canada in association with LPCMC, UK


The world’s most focused credit management professional body, the National Institute of Credit Administration (NICA) chartered, has announced a global strategy for its membership expansion to the United Kingdom, Europe, United States of America, and Canada.

“The Strategic Membership Initiative (SMI) document which largely focuses on attracting membership of Nigerian elites in the diaspora is aimed at enhancing and creating competitive advantage for Nigerians, and indeed Africans working and living in the UK, Europe, Canada and America”.

Flowing from the economies of these countries which traditionally are credit driven, NICA believes that a recognized professional qualification and certification in credit management will significantly enhance the prospect of employability and career progression of Nigerians and Africans working in credit management roles at different levels.

“As a chartered professional regulatory body established by the law, NICA is effectively recognized and legally positioned to operate like other global professional bodies with mandate to control, supervise and regulate credit management profession, as well as award higher professional qualifications and certifications in the field of credit management”.

In his recent visit to the United Kingdom, the Registrar/Chief Executive Officer of NICA, Professor Chris Onalo, had extensive discussion with the UK’s premier London Postgraduate Credit Management College (LPCMC), primarily to forge partnership for the delivery of NICA’s global membership initiative plan. The meeting was fruitful and the two specialist Institutions for credit management are set to implement the novel vision.

By attaining professional membership of the National Institute of Credit Administration (NICA), a member have the opportunity to participate regularly in informative credit roundtable discussions with a view to sharing concerns about credit management procedures and techniques. Membership of NICA cuts across virtually every sections of the economy where credit is used to sell more goods and services across economic and social borders.

“Section 1(2) (d) of NICA Act commits the Institute to enhance, promote and protect the interest of business credit providers and grantors. Also, as the only nationally recognized body of expertise for all matters relating to credit management profession, NICA is responsible for setting professional and ethical standards and awarding professional qualifications in credit management. That includes testing, and assessing any person who wish to become a member of the Institute”.

There is strength in numbers. As a national statutory professional body whose mandate touches on the lives of everyone, NICA is a super unique Institute in the world where economic system is centred around people.

With the robust curriculum that NICA has developed for the study of credit administration and management, the Institute is ready to train Nigeria, Africa, and global credit management workforce for the attainment of a focused, resilient and pragmatic academic and professional qualifications, skills certification and continuous capacity building of people in credit management; thus preparing individuals for credit management functions in the global credit management labour market.


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