Navigating Risk to Capture Growth in Consumer Credit

BusinessDay is pleased to invite you to the Consumer Credit Virtual Conference  with the theme “Navigating Risk to Capture Growth in Consumer Credit” which would be taking place by 11:00 a.m (GMT + 1) on Thursday, May 28, 2020.
The Conference will discuss opportunities, trends, developments and vulnerabilities facing the Consumer lending and Personal Finance sector of the Financial Services Industry in the wake of the Covid-19 pandemic, in order to assess its impact and seek applicable solutions to the emerging challenges being faced by stakeholders within the sector.

The virtual conference seeks to address the following problem statements;

  • In view of current realities brought about by COVID-19, what actions or steps should be implemented to ensure a sustainable recovery for the consumer credit industry. 
  • To what extent are players adopting new operational models leveraging the use of technology?
  • What should be the Government approach in providing stimulus packages to the sector?
  • Could fintechs steal banks’ lunch?
  • Will banks be too unwieldy to compete post covid-19?
  • How can lenders manage to keep default rates from escalating above the average default percentage in the banking industry in the wake of Covid-19?
  • What is the short to medium-term outlook for the consumer lending industry?
  • What role will regulation play in its future growth post Covid-19? Should the CBN remain the main regulator or does the segment need a separate apex regulator?
  • Is the COVID-19 pandemic going to fully eliminate the growth seen in the last 4 years?
  • Do consumers have the financial literacy to ensure they do not run into indebtedness problems? 
  • Are regulators agile enough to identify and tackle predatory lending practices? 

Speakers and expert panelists will also evaluate customer acquisition strategies during a slowing economy, protection against the downsides/risks in lending/borrowing as well as the rationale behind strategic moves of market leaders. 

The line-up of speakers at the event includes Dr. Ahmed ’Tunde Popoola, MD, CRC Credit Bureau; Babatunde Irukera, CEO, FCCPC; Chukwuma Nwanze, Executive Director, Credit Direct; Folasade Agbejule, Electronics payment specialist, EFInA; Jameelah Sharrieff-Ayedun, MD, CR Services (Credit Bureau) Plc; Olajide Abiola, CEO/Co-founder, Kiakia; Uzoma Dozie, Founder/CEO, Sparkles Nigeria;  and a host of other distinguished speakers. 


The Consumer Credit Conference will bring together senior business leaders, thought leaders, policy makers and decision-makers in the financial services industry to discuss issues around the performance and future growth prospects of the Nigerian Consumer lending and Personal Finance sector.

Attendees are expected from:

  • Commercial Banks
  • Microfinance Banks
  • Consumer credit companies
  • Fintech companies
  • Credit bureaus
  • Identity management companies
  • Law firms
  • Representatives of public sector organizations
  • Representatives of industry associations
  • Representatives of private sector organizations across various sectors of the economy

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