Sanwo-Olu Emphasises Increased Credit as Catalyst for Sustainability

Nume Ekeghe

Lagos State Governor, Babajide Sanwo-Olu has emphasised the key role of credit in fostering. 

He spoke at the inaugural National Credit Managers Conference and the annual Investiture of the Nigeria Credit Industry Awards, by the National Institute of Credit Administration (NICA) in Lagos.

The two-day conference themed, “Credit Grows Green Economy,” was widely attended by stakeholders from different sectors of the economy, and industry leaders who made presentations on strategies for integrating credit into sustainable development initiatives across the nation.

Sanwo-Olu who was represented by Alake Sanusi of Lagos Debt Management Office, stated that transitioning to a credit-based economy is essential for Nigeria’s growth, particularly in promoting environmentally friendly practices.

He said, “This event comes at a critical juncture in Nigeria’s economic journey, as we seek to transition from a predominantly cash-based economy to one that thrives on credit, an economy that is not just efficient, but also sustainable and inclusive.

“A green economy fueled by responsible credit practices aligns perfectly with our collective goal of fostering growth that is environmentally sustainable, socially inclusive, and economically viable.”

Speaking, Vice President, Kashim Shettima, who was represented by his Technical Adviser on Economic and Financial Inclusion, Dr Nurudeen Zauro, formally unveiled the Credit Management Profession.

He stated that the recognition marks a significant step towards enhancing Nigeria’s credit landscape.

President and Chairman of the Governing Council, Andy Ojei, expressed immense pride in the advancements made within the credit profession and the institute’s commitment to fostering a sustainable credit ecosystem.