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 N100 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: 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 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
