Legal Briefings

Legal Briefings >> August 2017
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ENABLING ACCESS TO CREDIT IN NIGERIA: AN OVERVIEW OF THE CREDIT REPORTING ACT 2017

The Credit Reporting Act 2017 (the ‘Act’) provides the framework for credit reporting, licensing and regulation of credit bureaux. The Act is in line with the Federal Government’s Economic Growth and Recovery Plan for 2017 – 2020 (the ‘Plan’) released by the office of the President in April 2017. The Plan recognises Nigeria’s need to become a competitive economy by improving the business environment.

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