The National Credit Guarantee Company (NCGC), established under the administration of President Bola Ahmed Tinubu, has unlocked more than ₦33 billion in loans for over 4,800 borrowers within months of commencing operations in 2025, as part of efforts to improve access to finance for businesses across Nigeria.

According to the company, the lending support has reached businesses and entrepreneurs in 17 states, helping to strengthen financial inclusion and boost economic activity, particularly among Micro, Small and Medium Enterprises (MSMEs).

NCGC has also signed guarantee framework agreements with more than 18 Nigerian banks, a move aimed at increasing lending confidence and expanding credit opportunities for businesses that traditionally face challenges accessing finance.

The initiative has contributed to the preservation of over 1,400 jobs, while an additional 1,500 jobs are expected to be created through supported business activities. The company further disclosed that more than 75 per cent of guaranteed loans benefited women-led businesses, while over 89 per cent supported youth-led enterprises.

In addition, NCGC has partnered with stakeholders under the Presidential Compressed Natural Gas (CNG) Initiative to facilitate vehicle conversion financing and introduced co-guarantee arrangements to support larger transactions.

The company said its activities align with President Tinubu’s vision of building a $1 trillion economy by improving access to credit, supporting enterprise growth and deepening financial inclusion across the country.