President Tinubu gives ex-Speaker Dogara appointment, launches NCGC with ₦100bn fund

President Bola Ahmed Tinubu has approved a slate of high-profile appointments to the newly established National Credit Guarantee Company Limited (NCGC), a public-private initiative backed by an initial ₦100 billion fund designed to expand credit access across Nigeria’s economy.

Board Leadership

• Yakubu Dogara, former Speaker of the House of Representatives, named Chairman of the NCGC Board.

• Bonaventure Okhaimo appointed as Managing Director and CEO.

Executive Directors

• Mrs. Tinoula Aigwedo assumes the role of Executive Director, Strategy and Operations.

• Dr. Ezekiel Oseni takes office as Executive Director, Risk Management.

Non-Executive Director

• Ms. Yeside Kazeem, an experienced actuarial specialist, joins the board as an Independent Non-Executive Director.

Mandate and Funding

Launched today by President Tinubu, the NCGC is tasked with mitigating lender risk through credit guarantees, thereby unlocking new financing for Micro, Small and Medium Enterprises (MSMEs), manufacturers, consumers, and larger corporates. The ₦100 billion seed capital will underwrite loans that banks and other financial institutions might otherwise deem too risky, stimulating growth in key sectors of the economy.