[VIDEO] NICA Installs Markie Idowu As First Female President, Honours Distinguished Nigerians
Naija News • 3d ago
**History Made as Markie Idowu Becomes First Female President of NICA**
In a landmark moment for credit management in Nigeria, Mrs. Markie Idowu has been installed as the first female president of the National Institute of Credit Administration (NICA). This milestone marks a significant shift in the leadership of the premier professional body, which regulates and supervises the credit management profession in the country.
Established in 1992 as the Institute of Credit Administration (ICA) and chartered by the Act of Parliament No.26 of 2022, NICA plays a crucial role in promoting the credit management profession. As the lifeblood of commerce, credit management has a profound impact on businesses, enabling them to access capital and thrive.
At the ceremony, Professor Chris Onalo, the Registrar and Chief Executive of NICA, highlighted the importance of the Act of Parliament in empowering the institute to regulate the profession. He emphasized that credit management is a critical component of business success, influencing every aspect of commerce. This sentiment was echoed by renowned economist Professor Biodun Adedipe, who spoke on the "Role of Credit in Nigerian Economic Transformation" at the event.
In her inaugural address, President Markie Idowu outlined her vision for the institute, emphasizing the need for deeper collaboration with the Federal Government to address challenges in the profession. She also emphasized the importance of confronting these challenges head-on, calling for a more proactive approach to credit management.
The ceremony was also marked by the conferment of professional fellowships on deserving Nigerians, including Dr. Olusola Momoh, Vice Chairman of Channels Media Group. Two business leaders also received honorary fellowships, recognizing their contributions to the credit management profession.
The installation of Mrs. Markie Idowu as the first female president of NICA marks a significant milestone in the history of the institute, and is expected to bring about a new era of leadership and innovation in credit management in Nigeria. With her vision and leadership, the institute is poised to play an even more critical role in promoting the credit management profession and driving economic transformation in the country.