Nigeria’s Credit Push Unlocks ₦46.95bn in Loans for 67,512 Borrowers

economy
Written By Ayomide Fiyinfunoluwa
tinubu-i-promised-nigerians-credit-based-economy.

Nigeria expands access to formal credit

Nigeria’s drive towards a more credit-based economy has gained momentum, with the National Credit Guarantee Company (NCGC) enabling participating financial institutions to extend ₦46.95 billion in loans to 67,512 borrowers across 25 states and the Federal Capital Territory.

The figure represents lending backed by ₦21.59 billion in guarantees issued by the NCGC during its first year of operations, according to President Bola Tinubu.

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Ayomide Fiyinfunoluwa

Written by Ayomide Fiyinfunoluwa, Housing Journalist & Daily News Reporter

Ayomide is a dedicated Housing Journalist at Nigeria Housing Market, where he leads the platform's daily news coverage. A graduate of Mass Communication and Journalism from Lagos State University (LASU), Ayomide applies his foundational training from one of Nigeria’s most prestigious media schools to the fast-paced world of property development. He specializes in reporting the high-frequency events that shape the Nigerian residential and commercial sectors, ensuring every story is anchored in journalistic integrity and professional accuracy.

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