Vice President Kashim Shettima on Tuesday, October 22, 2024, formally unveiled the Credit Management Profession in Lagos. This significant event took place at the inaugural National Credit Managers Conference, marking a new era in the financial sector of Nigeria.
The introduction of this profession is aimed at enhancing credit management practices in the country, ensuring that businesses and financial institutions can better assess and manage credit risks. This initiative is expected to improve the overall stability and efficiency of the financial system in Nigeria.
During the conference, stakeholders and industry experts gathered to discuss the importance of professional credit management and its potential impact on the economy. The event highlighted the need for standardized practices and training in credit management to reduce defaults and improve lending processes.
The Vice President emphasized the government’s commitment to supporting initiatives that promote financial stability and economic growth. He encouraged professionals in the field to adhere to high standards and ethical practices, which are crucial for building trust and confidence in the financial sector.
