NCGC Partners with Banks to Enhance Credit Access for Youth and Women Entrepreneurs

The National Credit Guarantee Company (NCGC) has signed a significant Memorandum of Understanding with top banks to boost credit access for youth and women entrepreneurs in Nigeria. This landmark deal aims to expand credit opportunities for Micro, Small, and Medium Enterprises (MSMEs) and local manufacturers by providing credit guarantee solutions to reduce lending risks for financial institutions.

Bonaventure Okhaimo, the Managing Director of NCGC, highlighted that this initiative marks a bold step towards reshaping the credit landscape in Nigeria, particularly for underserved groups like youth and women entrepreneurs.