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In a strategic move aimed at reshaping Nigeria’s financial landscape, President Bola Ahmed Tinubu has appointed Yakubu Dogara, the former Speaker of the House of Representatives, as the Chairman of the National Credit Guarantee Company Limited (NCGC). This decision signals a renewed commitment to boosting financial access for businesses and individuals across the country.
What is the NCGC, and Why Does It Matter?
Imagine a Nigeria where small businesses, manufacturers, and everyday consumers can access loans without the fear of crippling debt or rejection. That’s precisely what the NCGC aims to achieve. With an initial capital of N100 billion, this institution is designed to de-risk lending and expand financial opportunities for Micro, Small, and Medium Enterprises (MSMEs), small corporates, and even large businesses.
Meet the Team Driving the Change
Alongside Dogara, President Tinubu has assembled a powerhouse team to steer the NCGC towards success:
- Bonaventure Okhaimo – Managing Director/CEO
- Tinoula Aigwedo – Executive Director, Strategy & Operations
- Dr. Ezekiel Oseni – Executive Director, Risk Management
- Yeside Kazeem – Independent Non-Executive Director
Additionally, key financial institutions such as the Nigeria Sovereign Investment Authority (NSIA), Bank of Industry (BOI), and Nigeria Consumer Credit Corporation (CrediCorp) are backing this initiative, ensuring its credibility and effectiveness.
Why This Appointment Matters
Dogara’s appointment is more than just a political move—it’s a game-changer for Nigeria’s economy. With his experience in governance and policy-making, he is expected to drive financial inclusion, strengthen confidence in the banking system, and support underbanked demographics like women and youth.
What’s Next?
As the NCGC rolls out its operations, Nigerians can expect easier access to credit, reduced lending risks, and a more vibrant economy. This initiative aligns with Tinubu’s vision of unlocking credit access and stimulating inclusive economic growth
