Incorporated in 2006, CRC Credit Bureau was licensed and commenced live operations in 2009. Ten years after getting into the fray, its Managing Director, Tunde Popoola, told OLAWUNMI OJO that the government could ease access to credit in the country in order to empower Nigerians and enhance the growth of micro, small and medium enterprises (MSMEs), among other issues.
In organized societies, access to credit is critical to the national economic growth and prosperity of individuals. Since you began operation as a credit bureau, what have you identified as impediments to access to credit in the country?
There is just one major bottleneck that we have had on this journey of empowering Nigerians. It is a limited means of identification. Nigeria needs a unique identifier; every Nigerian needs a number by which we can identify him or her. If we all agree that the future is about data and that with it a lot can be done to migrate the people from poverty to prosperity, then we need to take maximum advantage of data and have a unique identifier for everybody.