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 in accessing loans due to collateral barriers and a 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: it enables 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 the 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 guaranteed products:
- Individual Guarantees – For high-value, project-specific loans.
- Portfolio Guarantees – For a 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, jewellery
- Export-Oriented SMEs – Especially in non-oil sectors.
- Women & Youth Enterprises – Including all women-owned businesses (promoter age not more than 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 incentivising 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: [email protected]
Address: 8th Floor, BOI House, Plot 256, Zone AO, Off Herbert Macaulay Way, Central Business District, FCT–Abuja
Website: www.ncgc.ng
