NCGC guarantees N64bn loans to businesses, says no default claims received

174,495 Nigerians benefit as 22,616 MSMEs secure first-ever loans


Women account for 42.7% of beneficiaries


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From Juliana Taiwo-Obalonye, Abuja
The National Credit Guarantee Company (NCGC) has guaranteed N64.13 billion in loans to businesses and underserved Nigerians since commencing operations, and has disclosed that none of its partner financial institutions has filed a claim for payment arising from loan defaults.
The Managing Director and Chief Executive Officer of NCGC, Bonaventure Okhaimo, disclosed this on Tuesday during a media briefing on the company’s performance and execution of its mandate...