The National Institute of Credit Administration (NICA), chartered, has impressed on ministries, departments and agencies (MDAs) on the need to build a synergy of cooperation amongst government officials.

Making this appeal recently was Prof. Chris Onalo, Registrar/Chief Executive Officer, NICA.

In a statement signed on behalf of the body, Prof. Onalo said, as the Federal Government transitions the economy to the much-needed credit-based system, NICA is advocating for an approach that is crucial to the best interest of the people and the country.

While noting with satisfaction the effort of the Federal Government to reorganise the economy to accommodate citizens’ participation, Onalo advised that the process must totally discard the proverbial expression of “old wine in a new bottle” which means the blend of old and new ideas is the way to go.

According to him, by adopting a collaborative, consultative, and cooperative approach to implementing this government initiative, it is a call to transparency for government officials, relevant statutory professional bodies, and private sector leaders to work together to build a robust and sustainable credit-based economy that benefits all segments of the society.