Tinubu Launches: Bola Tinubu Establishes Credit Guarantee Company, Appoints Dogara as Board Chairman

In a significant economic move, President Bola Tinubu has taken a major step towards boosting financial inclusion and economic growth by establishing the National Credit Guarantee Company (NCGC) with an initial capital of N100 billion.

Tinubu also approved the constitution of the NCGC board, appointing Yakubu Dogara, former speaker of the House of Representatives, as chairman.

While announcing the development recently, the presidency said the company is a transformative institution designed to de-risk lending and boost access to finance for micro, small, and medium enterprises (MSMEs).

He added that the company is expected to serve small corporates, manufacturers, consumers, and large enterprises across Nigeria, stressing that the initiative will also strengthen confidence in the financial system, expand credit access, and support under-served groups such as women and youth while driving growth, reindustrialisation, job creation and better living standards for Nigerians.

Furthermore, the president also appointed Bonaventure Okhaimo as the Managing Director and Chief Executive Officer (CEO) of the National Credit Guarantee Company; Tinoula Aigwedo as Executive Director of Strategy and Operations; Ezekiel Oseni as Executive Director of Risk Management; and Yeside Kazeem, an actuarial expert, as an Independent Non-Executive Director.

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