Vice President Kashim Shettima has inaugurated the Board of Directors of the National Credit Guarantee Company (NCGC) Limited, marking a significant move to enhance financing access for Nigeria’s micro, small, and medium-sized enterprises (MSMEs). At the inauguration held Thursday at the Presidential Villa, Abuja, Shettima described the NCGC as a “critical engine” for achieving economic inclusion and sustainable growth.
“NCGC is that bridge… a promise that productive Nigerians will not be stranded for want of guarantees,” he said.
He emphasized the company’s role in supporting entrepreneurs across the country—from farmers in Ibadan, tech start-ups in Abuja, to artisans in Kano and traders in Onitsha—urging the board to balance ambition with accountability.
Board Leadership and Members
The board is chaired by Yakubu Dogara, former Speaker of the House of Representatives. In his remarks, Dogara praised President Bola Tinubu for his economic vision, saying the NCGC is designed to turn democracy into a platform for economic empowerment.
Other board members include:
- Tinoula Aigwedo, Executive Director, Strategy & Operations
- Ezekiel Oseni, Executive Director, Risk Management
- Yeside Kazeem, Independent Non-Executive Director
Non-executive institutional representatives include:
- Olasupo Olusi, Managing Director, Bank of Industry (BOI)
- Aminu Sadiq-Umar, MD, Nigeria Sovereign Investment Authority
- Uzoma Nwagba, MD, Nigerian Consumer Credit Corporation
- Oluwakemi Owonubi, Ministry of Finance Incorporated (MOFI)
Structural Reform for MSME Growth
Olusi said the NCGC reflects the administration’s determination to dismantle structural barriers to MSME finance. He noted that the initiative is a product of collaboration between the BOI, MOFI, NSIA, NCCC, and World Bank, under the guidance of the Presidential Committee on MSME Finance. The NCGC is expected to serve as a catalyst for unlocking affordable credit, improving financial inclusion, and stimulating grassroots economic growth across Nigeria.
