The National Credit Guarantee Company Limited, NCGC, a subsidiary of the federal government will commence operations on July 1st, 2025. NCGC is a specialised financial institution established by the President Bola Tinubu-led administration to unlock access to credit and drive inclusive economic growth across Nigeria’s real economy....READ ORIGINAL & FULL CONTENT FROM SOURCE |
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In other word, it is designed to improve access to finance for MSMEs, small corporates, manufacturers, and consumers as well as partnering with financial institutions to offer guarantees.
The institution will take off with a capital commitment of ₦100 billion, recently announced by President Tinubu. It comes to solve decades of challenges faced by Nigerian businesses especially micro, small and medium scale enterprises who are bedevilled by difficulties in accessing loans due to collateral barriers and high-risk perception.
Its mandate is to bridge those gaps by providing partial credit coverage. The company will offer banks and other financial institutions a safety net, allowing them to lend more confidently to eligible borrowers, particularly in underserved and high-growth sectors.
NCGC does not lend directly to businesses. Instead, it partners with Participating Financial Institutions (PFIs) including commercial banks, microfinance banks, fintechs, CBN-licensed institutions and other development financial institutions to share lending risk and support broader financial inclusion.…Read The Full Article/Content Here.