The National Credit Guarantee Company Limited (“NCGC” or the “Company”) is set to commence operations on 01 July 2025, as a specialised financial institution established to unlock access to credit and drive inclusive economic growth across Nigeria’s real economy. With an initial capital commitment of ₦100 billion, recently announced by President Bola Ahmed Tinubu, the NCGC is positioned to reshape how Micro, Small and Medium Enterprises (MSMEs), manufacturers, and strategic sectors access much-needed financing.
For decades, Nigerian businesses especially micro, small and medium scale enterprises have faced significant challenges accessing loans due to collateral barriers and high-risk perception. NCGC is bridging that gap. By providing partial credit coverage, the company will offer banks and other financial institutions a safety net, allowing them to lend more confidently to eligible borrowers, particularly in underserved and high-growth sectors.
NCGC does not lend directly to businesses. Instead, it partners with Participating Financial Institutions (PFIs) including commercial banks, microfinance banks, fintechs, CBN-licensed institutions and other development financial institutions to share lending risk and support broader financial inclusion. The model is simple but powerful: enable lenders to do more by reducing the risk that prevents them from reaching viable, underfunded borrowers.
Key Beneficiaries
NCGC’s framework targets a wide range of beneficiaries:
• MSMEs across all regions
• Local manufacturers and value chain operators
• Credit consumers
• Youth and women-led enterprises
• Export-oriented and non-interest-based businesses
• Large enterprises within priority sectors
Our Core Services
NCGC offers three primary services:
• Partial Credit Guarantees – Covering up to 60% of outstanding principal on qualifying loans.
• Co-Guarantees – Collaborating with other institutions to jointly share lending risk.
• Technical Assistance – Providing capacity-building support for lenders and borrowers to enhance credit readiness and portfolio quality.
Guiding Principles
The company’s operations are underpinned by globally accepted credit risk-sharing principles:
• Risk-sharing, not risk transfer
• Strategic issuance to preserve borrower discipline
• Tiered eligibility to promote inclusion and developmental impact
• Full alignment with CBN regulations
These principles ensure every guarantee issued is responsible, irrevocable, and impact-driven.
Product Suite
NCGC offers a diverse set of guarantee products:
• Individual Guarantees – For high-value, project-specific loans.
• Portfolio Guarantees – For pool of loans in homogeneous sectors (e.g., agro-processing, creative economy).
• Performance Bond Guarantees – For businesses seeking to meet contract-based obligations.
Sectoral Coverage
Our guarantees are available across critical sectors including:
• Agriculture & Agribusiness – From inputs to processing and logistics.
• Renewable Energy & Green Economy – Including solar, clean tech, and mini-grids.
• Manufacturing & Infrastructure – Targeting value-added production and light industry.
• Digital & Tech Enterprises – Including startups, fintechs, SaaS, and logistics tech.
• Solid Minerals and Metal – Metal fabrication, recycling, beneficiation, coating, etc.
• Textile – Fashion, leather works, jewelry
• Export-Oriented SMEs – Especially in non-oil sectors.
• Women & Youth Enterprises – Including all women-owned businesses (promoter age not more than age 65).
• Islamic Enterprises (coming soon) – Non-interest, Shariah-compliant financing models.
A New Era of Credit Confidence
NCGC is more than just a financial institution; it is a catalyst for Nigeria’s economic transformation. By incentivizing lenders to serve more businesses safely and sustainably, NCGC is enabling job creation, driving productivity, and fostering a more self-reliant economy.
Its operational model is built to:
• Unlock access to finance for real sector growth
• Create jobs and alleviate poverty
• Drive inclusive economic outcomes
• Strengthen the MSME ecosystem
• Build trust and scale in Nigeria’s credit markets
Join Us in Guaranteeing Growth
The NCGC serves as a key pillar in the implementation of the Renewed Hope Agenda. It represents the government’s bold commitment to supporting Nigerian businesses, reducing the risks of lending, and creating a resilient, inclusive economy. Whether you’re a lender, development partner, or entrepreneur, NCGC is your dependable ally in building sustainable growth.
For Enquiries:
Email: info@ncgc.ng
Address: 8th Floor, BOI House, Plot 256, Zone AO, Off Herbert Macaulay Way, Central Business District, FCT–Abuja
Website: www.ncgc.ng
