Post by TheCable (@thecableng)

Tinubu: NCGC scheme unlocked N46.95bn loans for 67,512 borrowers in one year

President Bola Tinubu says the National Credit Guarantee Company (NCGC) has issued N21.59 billion in guarantees that enabled participating financial institutions to extend N46.95 billion in loans to 67,512 borrowers.

Tinubu announced in a statement on Monday to mark one year of NCGC’s operations.

The president said the scheme had helped address one of the major barriers to credit — the lack of collateral or credit history.

https://www.thecable.ng/tinubu-ncgc-scheme-unlocked-n46-95bn-loans-for-67512-borrowers-in-one-year/

Tinubu: NCGC scheme unlocked N46.95bn loans for 67,512 borrowers in one year President Bola Tinubu...

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Okoh Godwin Ekah: Systemic creations of borrowing tendencies in the Nigeria citizenry instead of creating business friendly environment. After borrowing then what? No thriving 😃