PRESIDENT TINUBU APPROVES THE ESTABLISHMENT OF NATIONAL CREDIT GUARANTEE COMPANY

President Bola Tinubu has approved the establishment of the National Credit Guarantee Company (NCGC) with N100 billion initial capital.

The President also approved the appointment of former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, as Chairman of the NCGC Board

The new institution, backed by an initial capital of N100 billion, is designed to de-risk lending and expand access to finance for Micro, Small and Medium Enterprises (MSMEs), small corporations, manufacturers, consumers, and large businesses across Nigeria.

Tinubu also appointed Mr. Bonaventure Okhaimo who will serve as the Managing Director and Chief Executive Officer.

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.