The National Credit Guarantee Company (NCGC) has announced it has released N64.13 billion in loans. The funds support 914,791 jobs across the country. The initiative marks a significant step in financial inclusion.
Among the beneficiaries, 22,616 Nigerians received their first bank loans. Women constitute 42.7% of these new borrowers. This reflects a growing trend in gender-inclusive financial services. The NCGC aims to expand access to credit for underserved populations.
The program is part of broader efforts to boost economic activity. By supporting small businesses and entrepreneurs, the loans aim to reduce unemployment. The NCGC has been working to improve credit availability since its establishment. This latest round of lending highlights progress in financial accessibility.
