July 15, 2025
Tinubu Launches N100bn Credit Guarantee Firm to Support MSMEs
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Tinubu Launches N100bn Credit Guarantee Firm to Support MSMEs

Tinubu Launches N100bn Credit Guarantee Firm to Support MSMEs

President Bola Tinubu has established the National Credit Guarantee Company, NCGC, capitalised with an initial N100 billion, to strengthen access to finance for micro, small, and medium-sized enterprises.

The Presidency, in a statement on Thursday, described the NCGC as a key step in de-risking lending and supporting economic growth across all sectors—from small manufacturers to large corporations.

Former Speaker of the House of Representatives, Honourable Yakubu Dogara, has been appointed chairman of the newly constituted board.

Also Read: FG Targets Eight-Hour Power Supply To More MSMEs In 2024

Other key appointments include Mr. Bonaventure Okhaimo as Managing Director and CEO, Mrs. Tinuola Aigwedo as Executive Director of Strategy and Operations, Mr. Ezekiel Oseni as Executive Director of Risk Management, and actuarial expert Mrs. Yeside Kazeem as Independent Non-Executive Director.

The company is expected to play a strategic role in Nigeria’s financial ecosystem. All appointments take immediate effect.

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