Tag
NATIONAL CREDIT GUARANTEE COMPANY
An estimated 80% of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria remain excluded from formal credit access due to stringent collateral requirements and lenders’ aversion to risk, according to data cited by the National Credit Guarantee Company (NCGC).
The Federal Government has officially inaugurated the Board of Directors of the newly established National Credit Guarantee Company Limited (NCGC Ltd), an institution aimed at unlocking access to affordable financing for Nigeria’s micro, small, and medium enterprises (MSMEs).
It is with immense pleasure and great optimism that I announce the official commencement of operations of the...