Tuesday, 2nd July 2024.

CreditEconomy News Interview

…Over 500,000 people read our news story, number still counting


Prof. Chris OnaloFICA, ICCF, B.Sc, M.A, Ph.D (credit management) and  Mr. Alexander Aghedo, FICA


The courtesy visit to Mr. Alexander Aghedo, FICA, the Executive General Manager, Operations Support Services of Total E&P Nigeria Limited on June 26th 2024 was wonderful and eye opening.

“Prof. Chris Onalo briefed him of the recent UK-Togo Trade mission in Lome and how he perceives the economy of the Republic of Togo to be working efficiently with a strong disposition for discipline and orderliness by the citizens.”

Away from that, the professor further noted that the importance of Total Energies cannot be understated in terms of its support to a multipurpose Institute like NICA, as the Institute is very relevant to Total Energies, being an organization that is either granting business credit or receiving business credit.

“The Institute’s Registrar/CEO highlighted that there is currently no business or family anywhere in the world not affected by the mandate of NICA. On his own part, Mr. Aghedo stated that young people are now more exposed to accessing credit facilities and can take advantage of this development to excel in life. It has even started happening as people now receive credit offers from most banks without applying.”

Prof. Chris Onalo however informed that credit society is a bit slippery, where consumers are exposed to an unrestricted credit access with no regards to moderating ones spending or having a sense of prudence can lead to such a consumer getting into debt net. Mr. Aghedo asked if the Institute will be involved in the framework for actualizing credit economy for the country, to which the Prof. responded affirmatively that the Institute was and will continue to be involved in setting standards, creating awareness and developing necessary frameworks to transit the economy of not only Nigeria but Africa from cash denominated to a vibrant, people-impactful credit ecosystem.

The meeting ended with the presentation of the new NICA Fellowship Certificate to Mr. Alexander Aghedo, FICA, who has been a good and long standing Fellow of the institute.

“Mr. Alexander Aghedo is the Executive General Manager, Operations Support Services of Total E&P Nigeria Limited.  His career in the Company which has spanned over 16 years began in Contracts and Procurement and over the years he has risen across the ranks in various departments and affiliates of the company.”

Prior to his employment with Total, he worked in other Multinationals of the Oil and Gas industry for over 15 years in roles spanning Drilling, Project Management and Supply Chain.

He was appointed the Executive General Manager, Operations Support Services of Total E&P Nigeria Limited in August 2018 and previously was the General Manager Contracts and Procurement of Total Energies Nigeria Limited. He is highly versed in the Procurement field being a qualified MCIPS graduate from the Chartered Institute of Purchasing and Supply; a member of the Nigerian Society of Engineers (MNSE); and a Chartered Engineer with COREN.

Written by Susan David, Executive Assistant to NICA CEO/Registrar.

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