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The new company will collaborate with key government agencies, including the Bank of Industry, the Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and the Ministry of Finance Incorporated, alongside private sector and multilateral organisations.
Nigeria will establish a National Credit Guarantee Company in May 2025 to improve access to credit for businesses and individuals, President Bola Tinubu revealed recently.
The initiative aims to bolster financial inclusion and stimulate economic growth by expanding risk-sharing instruments for financial institutions.
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The new company will collaborate with key government agencies, including the Bank of Industry, the Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and the Ministry of Finance Incorporated, alongside private sector and multilateral organizations. This move is part of a broader effort to drive re-industrialization and improve living standards in Nigeria.
