NCGC Facilitates ₦64.13 Billion Loans for Entrepreneurs
The National Credit Guarantee Company Limited (NCGC) has supported ₦64.13 billion in loans to 174,495 borrowers across Nigeria, with women constituting 42.7% of the beneficiaries. Dr Bonaventure Okhaimo, the Managing Director and Chief Executive Officer of NCGC, announced this during a press briefing at the State House in Abuja.
Established on May 29, 2025, by President Bola Tinubu, NCGC is licensed by the Central Bank of Nigeria and supervised by the Federal Ministry of Finance. The company has a capital base of ₦100 billion, with equal stakes held by several organizations.
As of October 21, 2026, the loans were backed by ₦30.19 billion in guarantees. The initiative has reached all 36 states and the Federal Capital Territory through 19 financial institutions.
Notably, 22,616 borrowers accessed formal financing for the first time, and trade, commerce, agribusiness, and agro-processing accounted for over 80% of beneficiaries. The NCGC aims to expand credit access for women, youth, and MSMEs through initiatives like GuaranteeHer.
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