By Aliu Joshua
The National Credit Guarantee Company Limited (NCGC) is set to commence operations on July 1, 2025, as a specialized financial institution established to unlock access to credit and drive inclusive economic growth across Nigeria’s real economy. With an initial capital commitment of ₦100 billion, NCGC aims to support Nigerian businesses, reduce lending risks, and create a resilient, inclusive economy.
NCGC’s operational model is built around risk-sharing principles, partnering with financial institutions to share lending risk and promote broader financial inclusion. The company’s guiding principles include risk-sharing, not risk transfer, strategic issuance, tiered eligibility, and full alignment with Central Bank of Nigeria regulations.
The company offers a diverse set of guarantee products, including partial credit guarantees, co-guarantees, and technical assistance. NCGC will provide partial credit coverage, offering banks and other financial institutions a safety net, allowing them to lend more confidently to eligible borrowers, particularly in underserved and high-growth sectors.
By providing this support, NCGC is expected to unlock access to finance for real sector growth, create jobs, alleviate poverty, and drive inclusive economic outcomes. This initiative has the potential to make a significant impact on Nigeria’s economy, promoting growth, development, and financial inclusion.
