Vice President Kashim Shettima, yesterday, inaugurated the Board of Directors of the newly established National Credit Guarantee Company Limited (NCGC Ltd), declaring it a bold step toward deepening financial inclusion and revitalising the grassroots economy through improved access to credit.
Speaking at the Presidential Villa, Abuja, during the ceremony, Shettima said the creation of NCGC underscored the administration’s determination to close the financing gap that had long hindered micro, small and medium enterprises (MSMEs) in Nigeria.
“The NCGC is our response to a stubborn challenge that has stifled our economic potential for decades and access to finance. These entrepreneurs do not seek handouts; they seek the confidence of financial institutions to match the credibility of their ideas,” the Vice President said.
President Bola Tinubu had, on May 29, 2025, announced the establishment of the NCGC and approved the appointment of its board and management.
Former Speaker of the House of Representatives, Yakubu Dogara, was named the chairman of the board, while Mr Bonaventure Okhaimo assumed the role of Managing Director and Chief Executive Officer.
Describing the company as a critical engine for inclusive and sustainable economic growth, Shettima explained that NCGC would act as a bridge between financial institutions and Nigeria’s enterprising MSME sector by providing the guarantees needed to unlock affordable credit.
(The Guardian)
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