Tinubu appoints Yakubu Dogara to head new National Credit Guarantee Company

President Bola Tinubu has announced key appointments following the creation of the National Credit Guarantee Company Limited (NCGC), a new financial institution aimed at improving access to credit across Nigeria

Tinubu appoints Yakubu Dogara to head new National Credit Guarantee Company

According to a statement released by the presidency on Thursday, the NCGC has been launched to enhance financial inclusion and reduce lending risks, particularly for Micro, Small, and Medium Enterprises (MSMEs), manufacturers, and other businesses. The federal government has committed an initial funding of N100 billion to support the company’s operations.

Former Speaker of the House of Representatives, Yakubu Dogara, has been named Chairman of the NCGC Board, while Bonaventure Okhaimo will serve as Managing Director and Chief Executive Officer.

The board also includes Mrs. Tinoula Aigwedo as Executive Director of Strategy and Operations and Dr. Ezekiel Oseni as Executive Director of Risk Management. In addition, Yeside Kazeem, described as an experienced actuarial expert, has been appointed as an Independent Non-Executive Director.

The presidency noted that the NCGC is designed to bolster credit guarantees and facilitate increased lending to key sectors, thereby supporting economic growth and development nationwide.