Amidst ongoing efforts to increase access to credit for more Nigerian businesses and individuals, the leadership of the National Credit Guarantee Company, NCGC, has said that it is now ready to de-risk lending across Nigerias financial markets.
Speaking at the inaugural stakeholders engagement forum in Lagos, Managing Director of NCGC, Mr. Bonaventure Okhaimo, commended the efforts of other institutions in growing credit culture in Nigeria and promised to boost these efforts as the NCGC commences operations.
He stated: "we commend CrediCorp for enabling over 90,000 beneficiaries to access structured consumer credit since April 2024. NCGC will further support this momentum by de-risking lending and expanding access across underserved segments.
"We commend institutions like Bank of Industry BOI, Development Bank of Nigeria DBN, SMEDAN, and NEXIM for expanding access to credit and capacity support. NCGC will further de-risk lending and boost inclusive financing across the sector.