Vice President Shettima Inaugurates Board of National Credit Guarantee Company (NCGC)
In a significant step toward enhancing access to finance for Nigeria’s small and medium enterprises, the Vice President of the Federal Republic of Nigeria, His Excellency Senator Kashim Shettima, GCON, today inaugurated the Board of Directors of the National Credit Guarantee Company (NCGC).
The ceremony, which held in Abuja, marked a renewed national commitment to easing credit constraints and deepening financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) across the country.
The Vice President, while addressing the newly inaugurated Board, emphasized the importance of the NCGC as a strategic vehicle for unlocking private-sector lending and catalyzing inclusive economic growth. He charged the board members to deploy innovation, integrity, and professionalism in fulfilling the Company’s mandate.
The Board, chaired by [insert name if available], comprises a distinguished mix of public and private sector experts, including representatives from key financial institutions, regulatory bodies, and MSME development agencies.
In his remarks, the Chairman of the Board assured the Vice President and the Nigerian public of their commitment to transparency, accountability, and delivering on the critical mission of de-risking lending to MSMEs through well-structured credit guarantees.
The inauguration signals a renewed push by the Tinubu administration to address Nigeria’s financing gap for small businesses, drive job creation, and enhance the contribution of the informal sector to GDP.
About NCGC:
The National Credit Guarantee Company is designed to stimulate MSME growth by providing credit guarantees that enable small businesses to access funding from commercial banks and other financial institutions under more favorable terms.
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