NCGC-backed loans reach N46.95bn in first year – Tinubu

President Bola Tinubu announced that loans backed by the Nigerian Consumer Credit Guarantee Company (NCGC) have reached N46.95 billion in its first year of operation. The credit guarantee company has supported 67,512 borrowers across 25 states and the Federal Capital Territory. About a third of these borrowers accessed formal credit for the first time. The initiative aims to expand access to credit for Nigerians.

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