President Tinubu Establishes NCGC with N100 Billion Capital, Appoints Yakubu Dogara as Board Chairman|LAGOS EYE NEWS

President Bola Ahmed Tinubu has approved the establishment of the National Credit Guarantee Company (NCGC), with an initial capital base of N100 billion, as part of efforts to boost access to finance across key sectors of the Nigerian economy.

The newly formed institution is designed to de-risk lending and facilitate increased financial access for Micro, Small and Medium Enterprises (MSMEs), small corporates, manufacturers, consumers, and large businesses throughout the country.

As part of its leadership structure, President Tinubu appointed Rt. Hon. Yakubu Dogara, former Speaker of the House of Representatives, as Chairman of the NCGC Board.

Also appointed are:

• Mr. Bonaventure Okhaimo as Managing Director and Chief Executive Officer,
• Mrs. Tinoula Aigwedo as Executive Director of Strategy and Operations,
• Dr. Ezekiel Oseni as Executive Director, Risk Management, and
• Ms. Yeside Kazeem, a seasoned actuarial expert, as an Independent Non-Executive Director.

The establishment of the NCGC marks a significant step in President Tinubu’s economic reform agenda, aimed at enhancing credit access, fostering economic growth, and empowering Nigerian businesses across various scales.