Yakubu Dogara Appointed Chairman of Newly Established National Credit Guarantee Company

President Bola Ahmed Tinubu has appointed Rt. Hon. Yakubu Dogara as Chairman of the Board of the newly established National Credit Guarantee Company Limited (NCGC) — a strategic institution aimed at expanding credit access and driving inclusive economic growth across Nigeria.

The appointment of Dogara, a former Speaker of the House of Representatives, signals the administration’s intent to anchor this transformative initiative on seasoned leadership and national experience. Under his chairmanship, the NCGC will work to de-risk lending and enable a stronger, more inclusive financial ecosystem that caters to Micro, Small and Medium Enterprises (MSMEs), small corporates, manufacturers, and consumers.

President Tinubu emphasized the significance of the company in his 2025 New Year Message, pledging to unlock credit and fuel sustainable development. “The NCGC is central to our national economic agenda. With Rt. Hon. Yakubu Dogara at the helm, we are confident in the company’s capacity to stimulate reindustrialization, job creation, and improved livelihoods for Nigerians,” the President stated.

Joining Dogara on the board are top professionals from the public and private sectors, including Mr. Bonaventure Okhaimo as Managing Director/CEO, and Mrs. Tinuola Aigwedo and Dr. Ezekiel Oseni as Executive Directors. Independent and stakeholder representatives from the Nigeria Sovereign Investment Authority, Bank of Industry, Nigeria Consumer Credit Corporation (CrediCorp), and Ministry of Finance Incorporated (MOFI) will also serve as Non-Executive Directors.

The NCGC, which will officially commence operations in July 2025, is backed by a capital base of ?100 billion contributed by a consortium of key government financial institutions. Technical support is being provided by the World Bank Group to ensure global best practices in implementation.

As Chairman, Dogara is expected to provide strategic oversight and steer the NCGC toward achieving its mission of expanding financial inclusion, particularly for under-served groups such as women and youth.

This appointment underscores the Federal Government’s commitment to reforming Nigeria’s credit landscape and positioning the country on a path of sustained economic growth.