The National Institute of Credit Administration (NICA) has charged employers of credit professionals in the country to establish in their offices credit awareness desks for the existing and potential credit customers in their businesses.
This, it said, would create awareness of creditworthiness requirements, as well as how to overcome repayment challenges.
Registrar/Chief Executive Officer of NICA, Prof. Chris Onalo, who spoke on this development in Lagos, said this would further help to bridge the gap between the credit grantors/providers and their customers to whom they have granted creditlines and those whose applications are on cue.
He said: “There should be a department where credit professionals can give some hours of discussion with the credit customer applicant.”
According to the professor of credit management, there should be monitoring to know if the transaction is making good progress or if there are challenges.
He said that as a statutory professional body with a national mandate to oversee the development of the credit management profession in Nigeria, NICA is expanding its awareness campaign to include all credit matters across industries in the country, saying that this will go a long way to smoothing the path for transitioning the economy from cash-based to credit system currently being put in place by the Federal Government.
