In a bid to boost access to finance for micro, small, and medium enterprises (MSMEs), President Bola Tinubu has established the National Credit Guarantee Company (NCGC) with an initial capital of N100 billion.
The President also appointed a former Speaker of the House of Representatives, Yakubu Dogara as Chairman of the newly established company and with Bonaventure Okhaimo as the Managing Director/ Chief Executive Officer.
Other appointees are:
· Tinoula Aigwedo – Executive Director, Strategy and Operations
· Ezekiel Oseni – Executive Director, Risk Management
· Yeside Kazeem —Independent Non-Executive Director.
The Special Adviser on Information and Strategy, Bayo Onanuga, announced the development in a statement on Thursday in Abuja.
He noted that the company is a transformative institution designed to de-risk lending and boost access to finance for micro, small, and medium enterprises (MSMEs).
The NCGC is also expected to serve small corporates, manufacturers, consumers, and large enterprises across Nigeria.
The statement read: “This landmark move is in keeping with His Excellency’s 2025 New Year Message promising to unlock credit and fuel sustainable economic growth for all.”
“The President highlighted that the initiative will strengthen confidence in the financial system, expand credit access, and support under-served groups such as women and youth, while driving growth, reindustrialization, job creation and better living standards for Nigerians.”
The appointments will take effect immediately.
