{
  "id": 16818545,
  "title": "NCGC guarantees N64bn loans, reaches 174,495 borrowers",
  "url": "https://urgent.news/2026/10/28/ncgc-guarantees-n64bn-loans-reaches-174-495-borrowers",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T00:08:51.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/ncgc-guarantees-n64bn-loans-reaches-174495-borrowers/"
  },
  "original_language": "en",
  "account": "The National Credit Guarantee Company Limited (NCGC) has backed N64.13 billion in loans for 174,495 borrowers across all 36 states and the Federal Capital Territory since starting operations last year, according to Dr Bonaventure Okhaimo, the company's Managing Director/Chief Executive Officer. The figures were disclosed in NCGC's first-year performance report as of October 21, revealing that each N1 of guarantee unlocked approximately N2.12 in loans through 19 participating financial institutions, including commercial banks, microfinance banks, and development finance institutions. NCGC does not lend directly, but provides partial guarantees to de-risk lending, expand credit supply, and stimulate economic growth without direct loans.",
  "summary": "The National Credit Guarantee Company says it has backed N64.13bn in loans to 174,495 borrowers across Nigeria since it began operations last year. Read More: https://punchng.com/ncgc-guarantees-n64bn-loans-reaches-174495-borrowers/",
  "key_points": [
    "NCGC guarantees N64.13 billion in loans",
    "Serves 174,495 borrowers across Nigeria",
    "Provides partial guarantees to de-risk lending"
  ],
  "editors_take": "By de-risking credit through partial guarantees, the company effectively leverages its capital to multiply the available loan supply across various financial institutions and all states in the country.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Premium Times",
        "title": "NCGC guarantees N64.13bn loans to businesses, individuals",
        "url": "https://urgent.news/2026/10/27/ncgc-guarantees-n64-13bn-loans-to-businesses-individuals",
        "published": "2026-10-27T21:25:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}