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Tinubu: Credit guarantee scheme unlocks N46.95bn loans for 67,512 Nigerians
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- Sep 28, 2026, 11:13 AM UTC
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People of Nigeria
Nigerians are the citizens and nationals of Nigeria, as well as people with ancestry from there. The name Nigeria was derived from the Niger River running through the country. This name was allegedly coined in the late 19th century by British journalist Flora Shaw, who later married Baron Frederick Lugard, a British colonial administrator. Nigeria is composed of various ethnic groups and cultures and the term Nigerian refers to a citizenship-based civic nationality.
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President Tinubu says NCGC guarantees have helped unlock N46.95bn in loans, supporting borrowers across 25 states and FCT.
Mr Tinubu said the NCGC also issued N1.59 billion in guarantees to participating financial institutions.
By Adedapo Adesanya The National Credit Guarantee Company (NCGC) has issued N21.59 billion in guarantees,