Lagos State Governor Babajide Sanwo-Olu underscored the critical importance of credit in economic development during his remarks at the inaugural National Credit Managers Conference and the annual Investiture of the Nigeria Credit Industry Awards, organized by the National Institute of Credit Administration (NICA) in Lagos.
This two-day conference, titled “Credit Grows Green Economy,” attracted a diverse group of stakeholders and industry leaders, who shared insights on how to incorporate credit into sustainable development initiatives nationwide.
Sanwo-Olu, represented by Alake Sanusi of the Lagos Debt Management Office, emphasized that moving towards a credit-based economy is vital for Nigeria’s growth, particularly in promoting environmentally friendly practices. He stated, “This event comes at a crucial moment in Nigeria’s economic transition, as we aim to shift from a mostly cash-based economy to one that thrives on credit—an economy that is not only efficient but also sustainable and inclusive.
“A green economy driven by responsible credit practices aligns perfectly with our shared objective of fostering growth that is environmentally sustainable, socially inclusive, and economically viable.”
Addressing the attendees, Vice President Kashim Shettima, represented by his Technical Advisor on Economic and Financial Inclusion, Dr. Nurudeen Zauro, officially launched the Credit Management Profession, highlighting this recognition as a significant advancement in Nigeria’s credit landscape.
Andy Ojei, the President and Chairman of the Governing Council, expressed his pride in the progress made within the credit profession and reaffirmed the institute’s commitment to nurturing a sustainable credit ecosystem.
