Tinubu: NCGC Guarantees N46.95bn Loans For 67,512 Nigerian Borrowers
Deji Elumoye in Abuja President Bola Tinubu has disclosed that the National Credit Guarantee Company (NCGC) has guaranteed N46.95 billion loans to Nigerian borrowers across the country. According to him, a
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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Also reported by 2 other outlets
- NCGC guarantees unlock N46.95bn loans for 67,512 Nigerians – Tinubu dailypost.ng
- NCGC-backed loans reach N46.95bn in first year – Tinubu premiumtimesng.com
