By Rukayat Moisemhe
The Cash Lenders Affiliation (MLA) has sought nearer collaboration with the Nationwide Institute of Credit score Administration (NICA) to advertise moral credit score administration and strengthen Nigeria’s evolving credit score ecosystem.
The president of the affiliation, Mr Gbemi Adelekan, disclosed this in a communiqué issued on the finish of a stakeholders’ assembly on Friday in Lagos.
Adelekan stated the affiliation, which contains almost 100 licensed operators throughout the nation, was established to supply steering, construction and illustration for practitioners within the cash lending house.
He famous that the adoption of a code of conduct to make sure moral operations and accountable lending had change into more and more vital, particularly with the speedy progress of digital lending platforms.
Based on him, technology-driven lending has considerably expanded buyer attain and elevated the dimensions of operations inside the trade.
The MLA president stated the proposed collaboration with NICA was aimed toward enhancing professionalism, buyer safety, regulatory compliance and moral requirements amongst cash lenders.
He added that each organisations shared frequent targets in selling moral lending practices, skilled growth and a stronger credit score tradition in Nigeria.
“The affiliation seeks to advertise a constructive narrative round digital lending and strengthen Nigeria’s credit score tradition.
“NICA is a pioneer skilled physique established by legislation to manage, supervise and regulate the credit score administration occupation in Nigeria.
“Many members of the affiliation began as small or one-man companies and require structured coaching, skilled steering and compliance help,” he stated.
In his remarks, the Registrar of NICA, Prof. Chris Onalo, reaffirmed the institute’s management position in advancing credit score administration as a nationally recognised occupation.
He highlighted NICA’s contributions to main nationwide credit score initiatives, together with shopper and enterprise credit score frameworks, in addition to credit score ensures for Micro, Small and Medium Enterprises (MSMEs), by way of advocacy and coverage engagement.
Onalo additionally knowledgeable the cash lenders of ongoing efforts to combine credit score administration into college curricula as much as postgraduate degree.
He stated the institute was additionally pursuing plans to ascertain an African headquarters for credit score administration to draw international multilateral establishments.
“We’re keen to additional interact the affiliation on skilled steering, coaching and coverage advisory roles, and can prolong membership alternatives to its members.
“There can be additional discussions to refine areas of collaboration,” he stated. (NAN) (www.nannews.ng)
Edited by Olawunmi Ashafa
