YAKUBU DOGARA, FORMER HOUSE OF REPS SPEAKER, APPOINTED NCGC CHAIRMAN

YABUKU DOGARA, FORMER HOUSE OF REPS SPEAKER, APPOINTED NCGC CHAIRMAN

President Bola Ahmed Tinubu has approved the appointment of former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, as Chairman of the newly established National Credit Guarantee Company Limited (NCGC) Board, News360 Nigeria reports.

In a statement released on Wednesday, it was announced that Mr. Bonaventure Okhaimo will serve as the Managing Director and Chief Executive Officer of the NCGC, a strategic financial institution created to improve lending security and ease access to credit for Micro, Small and Medium Enterprises (MSMEs), manufacturers, and other businesses in the country.

Other notable appointments to the board include Mrs. Tinoula Aigwedo as Executive Director of Strategy and Operations, Dr. Ezekiel Oseni as Executive Director, Risk Management, and Ms. Yeside Kazeem, a seasoned actuarial expert, as an Independent Non-Executive Director.

The president has also officially launched the National Credit Guarantee Company with an initial capital base of N100 billion.

The company is expected to play a vital role in boosting Nigeria’s economy by providing risk mitigation for lenders and improving access to credit for businesses and consumers nationwide.

According to the Presidency, the initiative aligns with the government’s broader economic reforms aimed at strengthening financial inclusion, stimulating enterprise growth, and supporting job creation across all sectors.