FG Plans MSMEs Expansion With Access to Credit Guarantee

The Federal government, through the National Credit Guarantee Company (NCGC), says it is expanding access to finance for micro, small and medium-sized enterprises (MSMEs) through credit guarantees designed to help businesses secure loans without conventional collateral.

The Managing Director of the Company, Bonaventure Okhaimo, disclosed this at the State House periodic briefing, in Abuja.

The Company was established in 2025 by the present administration to address barriers to business financing, stimulate private-sector growth and create employment opportunities.

The Managing Director further disclosed that in partnership with 19 banks and other participating financial institutions, the company has reached about one hundred and seventy-four thousand end-borrowers in all the 36 states and the Federal Capital Territory (FCT).

He explained that this has also enhanced the job creation drive of the federal government.

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