BUSINESS: President Tinubu has shocked Nigerians on another dimension of business deal by the recent establishment of National Credit Guarantee Company (NCGC) with N100 billion initial capital, appoints former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, as Chairman of the NCGC Board as authoritatively gathered by 9News Nigeria.
In furtherance, the new institution, backed by an initial capital of N100 billion, is designed to de-risk lending and expand access to finance for Micro, Small and Medium Enterprises (MSMEs), small corporates, manufacturers, consumers, and large businesses across Nigeria.
Tinubu also appointed Mr. Bonaventure Okhaimo as the Managing Director and Chief Executive Officer.
Other key appointments include Mrs. Tinoula Aigwedo as Executive Director of Strategy and Operations; Dr. Ezekiel Oseni as Executive Director, Risk Management; and Ms. Yeside Kazeem, an experienced actuarial expert, as an Independent Non-Executive Director.
This is a huge development on business and empowerment of small scale industries across the states of the Federation by the President Tinubu’s Renewed Hope Agenda targetted at boosting the business sector in Nigeria, 9News Nigeria learnt.
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