NCGC guarantees unlock N46.95bn loans for 67,512 Nigerians – Tinubu
President Bola Ahmed Tinubu said participating lenders have extended N46.95 billion in loans through the National Credit Guarantee Company, NCGC. Tinubu made this disclosure in a statement on his official X account on Monday. According to him, NCGC has issued N21.59 billion in guarantees so far. He stressed that the government-owned credit firm has 67,512 […] NCGC guarantees unlock N46.95bn loans…
President Bola Ahmed Tinubu announced that the National Credit Guarantee Company, NCGC, has extended a total of N46.95 billion in loans to 67,512 Nigerians across 25 states and the Federal Capital Territory. According to the president, NCGC has already issued N21.59 billion in guarantees. Out of the 67,512 borrowers, 11,374 are women.
Tinubu highlighted that 3.5 percent of these borrowers are first-time formal borrowers, marking their initial entry into the formal credit system. This development ensures that over 22,000 Nigerians now possess a credit record, which can be built upon through successful repayments, making future loans more accessible.
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- Tinubu: NCGC Guarantees N46.95bn Loans For 67,512 Nigerian Borrowers thisdaylive.com
- NCGC-backed loans reach N46.95bn in first year – Tinubu premiumtimesng.com
