By George Ozalla
President Bola Tinubu has launched the National Credit Guarantee Company Limited (NCGC), a new entity aimed at mitigating lending risks and increasing financial access for Micro, Small and Medium Enterprises (MSMEs), small businesses, manufacturers, consumers, and larger companies in Nigeria.
The NCGC is backed by an initial fund of N100 billion and features key appointments, including Rt. Hon. Yakubu Dogara, former Speaker of the House of Representatives, as Chairman of the Board, and Mr. Bonaventure Okhaimo as the Managing Director and CEO.
Other key appointments include Mrs. Tinoula Aigwedo as Executive Director of Strategy and Operations, Dr. Ezekiel Oseni as Executive Director, Risk Management, and Ms. Yeside Kazeem, an experienced actuarial expert, as an Independent Non-Executive Director.
The launch of the NCGC is expected to boost financial inclusion, support underserved groups, and promote economic growth and development in Nigeria.
