The Nigerian Industrial Council (NICA) is calling for significant reforms to the nation’s credit system to bolster industrialization efforts. NICA argues that increased funding for financial institutions and improved access to credit are crucial for economic growth. The agency believes these changes will unlock greater investment and productivity within Nigeria’s industrial sector. Specifically, NICA advocates for policies that ease lending restrictions and encourage banks to support local industries. These recommendations aim to address existing challenges hindering the expansion of Nigerian businesses. The council’s push for credit reform underscores its belief that a robust financial system is fundamental to achieving sustainable industrial development and diversifying the Nigerian economy.