By Moses Nosike

The Institute of Credit Administration (ICA) in collaboration with the Lagos State Secretariat of National Youth Service Corps (NYSC) had commenced a three-month training in Basic Credit Analysis for corps members serving in the state.

*NYSC members

An approval from NYSC commended the Institute for such initiative and highlighted the need to boost skills for fresh graduates to make them more relevant and employable.

ICA Registrar and Chief Executive Officer, Professor Chris Onalo, said  that the objective of the programme is to brighten up employability chances of fresh graduates who are on one-year mandatory national youth service programme.

According to him, the graduate training programme in Basic Credit Analysis is a unique and industry-wide accepted skills acquisition programme in credit management.

“This will expose the participants to a wide variety of financial analysis techniques dealing with, among other areas, ratio and trend analysis, market circumstances analysis, creation of projections as well as detailed analysis of financial statement and cash flows, examination of collateral, appraisal of management and directors reputation, and other sources of repayment as well as credit history, legal and ownership records and management capability”.

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