Over 67,000 Nigerians Have So Far Benefited From Consumer Credit Scheme

Tinubu highlights success of national credit scheme in first-year review

President Tinubu says the National Credit Guarantee Company has issued ₦21.59bn in guarantees, helping lenders extend ₦46.95bn in loans to 67,512 borrowers Read More: https://punchng.com/tinubu-highlights-success-of-national-credit-scheme-in-first-year-review/

I promised you credit-based economy

President Bola Tinubu has reassured to  move Nigeria towards a credit-based economy. The President gave the reassurance in a statement posted on his verified X handle on Monday. Tinubu stated that the move is to establish a loan guarantee scheme that would help small businesses overcome the barriers that keep them from finance. According to the […] I promised you credit-based economy – Tinubu

Over 67,000 Nigerians Have So Far Benefited From Consumer Credit Scheme

President Bola Tinubu has said that so far, more than 67,000 borrowers across 25 states and the FCT have received credit backed by the National Credit Guarantee Company (NCGC) in the last year.

Tinubu highlights credit reforms, NCGC impact - Lagos Television

President Bola Ahmed Tinubu says his administration is expanding access to credit as part of efforts to move Nigeria towards a credit-based economy and improve financing opportunities for workers, students and businesses. In a statement, President Tinubu said institutions including the Consumer Credit Corporation, NELFUND, the Bank of Industry and the Development Bank of Nigeria...

NCGC Backs ₦46.95 Billion in Loans After One Year

President Bola Tinubu has said the National Credit Guarantee Company (NCGC) has issued ₦21.59 billion in guarantees one year into operations, helping participating lenders extend ₦46.95 billion in loans to businesses and individuals across Nigeria. Tinubu, in a post on X on Monday, said the model had helped unlock about ₦2.17 in credit for every ₦1 in guarantees. “So far, 67,512 borrowers across 25 states and the FCT have received credit backed …