NICA Urges Credit for Indigenous Goods

Nigeria’s statutory body for the control, supervision, and regulation of the credit management profession, the National Institute of Credit Administration (NICA), has canvassed credit availability to promote made in Nigeria goods.

The Registrar/Chief Executive Officer of NICA, Prof Chris Onalo, in a statement, noted that access to funds through credit will increase the production of quality and quantity of locally made goods that will be able to compete better with foreign goods.

He said: “Buy today, pay tomorrow, is the route for decent living as this pre-disposes citizens to good things of life, leading ultimately to the availability of quality and less- priced made in Nigeria goods and services, culminating in a healthy competition among product producers, as well as sustainable revenue generation to government, among others,” he said.

The professor said using credit to produce and sell more goods and services will keep the nation’s production machines running round the clocks, which in turn, creates jobs and wealth for the nation.

As a national statutory body for credit management profession, he said, NICA will work together with its network and other bodies, to ensure positive change within the credit industry.

He noted that globally, credit economy is known for promoting the culture of integrity and honesty in business or any form of commercial dealings.

Onalo said NICA will maintain constructive advocacy for national rebirth in terms of trust, integrity and honesty characteristics.

The much desired and anticipated good standards of living in any country and Nigeria in particular, he explained, calls for respect for due process.