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VP Shettima Inaugurates NCGC Board, Says Firm Will Unlock MSME Financing In Nigeria

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VP Shettima Inaugurates NCGC Board, Says Firm Will Unlock MSME Financing In Nigeria

By: Our Reporter

Vice President Kashim Shettima has inaugurated the Board of Directors of the National Credit Guarantee Company Limited (NCGC Ltd), charging members to deepen financial inclusion and stimulate Nigeria’s grassroots economy.

The new institution is designed to serve as a financial backbone for micro, small, and medium enterprises (MSMEs) struggling with access to affordable credit.

Speaking on Thursday during the inauguration ceremony at the Presidential Villa, Vice President Shettima said the establishment of NCGC represents the government’s commitment to bridging the financing gap that has long plagued MSMEs across the country.

President Bola Ahmed Tinubu had on May 29, 2025, announced the establishment of the company, just as he also approved the appointment of its board and management team.

The President also appointed former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, as Chairman of the NCGC Board, while Mr. Bonaventure Okhaimo was appointed the Managing Director and Chief Executive Officer.

While inaugurating the board, the Vice President said, “This is our response to a stubborn challenge that has stifled our economic potential for decades—access to finance. These entrepreneurs do not ask for handouts; they ask for the credibility of their ideas to be matched by the confidence of our financial institutions.”

Describing the NCGC as “a critical engine in our pursuit of economic inclusion and sustainable growth,” VP Shettima explained that the company will serve as a vital bridge between entrepreneurs and financial institutions, providing the trust needed for small businesses to secure loans.

He cited instances of farmers, traders, artisans, and tech entrepreneurs across the country who, despite being productive, are often stranded due to a lack of collateral or guarantees.

“NCGC is that bridge. It is the assurance that when a farmer in Ibadan needs a loan to expand her cocoa farm, when a tech start-up in Abuja needs working capital to scale, when a leather artisan in Kano seeks to mechanise his craft, and when a trader in Onitsha needs capital to expand, the system will no longer fail them. It is a promise that productive Nigerians will not be stranded for want of guarantees,” the Vice President said.

To the newly inaugurated board, chaired by former Speaker Dogara, VP Shettima urged its members to combine “prudence with courage, accountability with ambition,” as they translate national policy into impact.

“This is a call to deploy your diverse expertise not only as overseers but as enablers of transformation,” he charged, adding that the new board’s leadership is important in unlocking capital for Nigeria’s most enterprising but underserved sectors.

“On behalf of His Excellency, President Bola Ahmed Tinubu, GFCR, and the Federal Government of Nigeria, I hereby declare the Board of Directors of the National Credit Guarantee Company Limited duly inaugurated,” he stated.

Earlier, the new board’s Chairman, Rt. Hon. Dogara thanked President Tinubu for the bold and courageous leadership he is providing for the country.

“The establishment of NCGC is an attempt to give vent to our democracy to deliver on its promise. As it is said, the promise of democracy is life, liberty and the pursuit of happiness.

“You can be alive and may enjoy all the rights, but if you don’t have the means with which to pursue happiness, you are excluded from the promise of democracy. Our democracy must deliver not just political and individual rights but economic opportunities,” he said.

In his remarks, the Managing Director (MD) of the Bank of Industry (BOI) and member of the board, Dr. Olasupo Olusi, said that the establishment of the NCGC reflects the administration’s unwavering commitment to removing structural barriers that long constrained access to finance for MSMEs, manufacturers, consumers and other segments of the economy.

“This milestone is a result of dedicated hard work by a coalition of partners like BOI, Ministry of Finance Incorporated, Nigerian Consumer Credit Corporation, Nigeria Sovereign Investment Authority and the World Bank, who have all worked closely together under the direction of the Presidential Committee,” he said.

Other members of the board include Mrs. Tinoula Aigwedo, Executive Director of Strategy and Operations; Dr. Ezekiel Oseni, Executive Director, Risk Management; and Ms. Yeside Kazeem, Independent Non-Executive Director.

Representatives from key financial institutions serving as Non-Executive Board Members of the company include Mr. Aminu Sadiq-Umar (MD, Nigeria Sovereign Investment Authority), Dr. Olasupo Olusi (MD/CEO, Bank of Industry), Mr. Uzoma Nwagba (MD, Nigeria Consumer Credit Corporation), and Mrs. Oluwakemi Owonubi (representative of the Ministry of Finance Incorporated).

VP Shettima Inaugurates NCGC Board, Says Firm Will Unlock MSME Financing In Nigeria

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Bandits loyal to Bello Turji kill several, abduct dozens in Sokoto communities despite peace negotiations claims

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Bandits loyal to Bello Turji kill several, abduct dozens in Sokoto communities despite peace negotiations claims

By: Zagazola Makama

Armed bandits loyal to notorious kingpin, Bello Turji, have carried out a series of attacks on communities in Sabon Birni Local Government Area of Sokoto State, leaving several people dead and dozens abducted between Wednesday, Aug. 14, and Friday, Aug. 16.

The attacks, according to residents, claimed the lives of villagers, a soldier, and a vigilante member, while the fate of many abducted persons remains unknown.

Eyewitnesses told Zagazola Makama that the bandits moved from one community to another, abducting residents and causing panic.

“On Wednesday, they laid an ambush for travellers along the Yankasuwa–Masawa road, stopped vehicles and abducted all passengers on board,” one survivor said.

On Thursday, the gunmen attacked Garki village, abducting 16 persons. One was killed, another managed to escape, while three cows were rustled.

The attacks continued on Friday when they raided Turtsawa and Faru villages near Sabon Birni, abducting 28 residents. Families of the missing persons are still searching for their loved ones.

The Movement for Social Justice, a civil society group in Sokoto, confirmed the incidents, noting that their monitoring indicated repeated attacks within four to five days despite peace negotiations claims. The attack is suspected to be orchestrated by Kallamu a top Loyal fighters of Bello Turji.

“Our reports show multiple attacks in succession. It is possible some incidents have gone unreported. We call on the Sokoto State Government to act swiftly and implement recommendations we have submitted to curb the atrocities of Turji’s fighters,” the group said in a statement.

The civil society organization offered prayers for the victims and appealed to government and security agencies to intervene urgently to stop what they described as “unrestrained brutality” in eastern Sokoto.

Last week, the Defence Headquarters in Abuja dismissed claims that Bello Turji had surrendered and accepted amnesty.

The Director of Defence Media Operations, Maj.-Gen. Markus Kangye, told journalists in Abuja that Turji had not surrendered and remained on the wanted list of the military.

Turji, who operates between Sokoto and Zamfara States, is accused of masterminding several deadly raids and mass abductions across the North-West.

Bandits loyal to Bello Turji kill several, abduct dozens in Sokoto communities despite peace negotiations claims

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Buni directs SEMA to provide flood victims with support

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Buni directs SEMA to provide flood victims with support

By: Yahaya Wakili

Yobe State Governor Hon. Mai Mala Buni CON COMN has directed the State Emergency Management Agency (SEMA) to provide the victims of the flood in the state with immediate support.

Governor Buni commiserated with the victims, adding that, “We have in the last few years been battling with the menace of the flood in some parts of the state, destroying houses and farmlands.

The governor directed the local government chairmen to liaise with SEMA to provide support to the victims.

He also called for cooperation from the communities in finding lasting solutions to the reoccurrence of floods in the affected areas.

Governor Mai Mala Buni also urged the council chairmen to liaise with the community leaders to move flood-prone communities to safer areas.

He directed the relocations of flood-prone communities to safer areas to avoid more casualties.

According to Governor Buni, “As the rainfall intensifies, people in communities in flood-prone areas are kindly requested to move to safer places because we can’t tell when the floods may occur.

Buni directs SEMA to provide flood victims with support

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Police arrest INEC officials, recover election materials in Taraba by-election

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Police arrest INEC officials, recover election materials in Taraba by-election

By: Zagazola Makama

The Police Command in Taraba has arrested some Independent National Electoral Commission (INEC) officials and recovered election materials allegedly diverted during the by-election for Karim Lamido I Constituency of the State House of Assembly.

Sources told Zagazola Makama that on Sunday that the arrests followed credible intelligence provided by party agents.

The sources said the incident occurred on Aug. 16 at about 2:20 p.m. when a team of policemen intercepted the suspects at a private residence in Angwan Sarkin Panya village.

Those arrested included Gideon Amos, 49, an Assistant Presiding Officer II assigned to Polling Unit 16, Angwan Yusuf Dogo, Bikwin Ward, and two others identified as Matthew Jayi, 47, and Tiasama Mathias Musa, 32.

The suspects allegedly diverted materials meant for three polling units PU 005 Gandara, PU 016 Angwan Yusuf Dogo, and PU 029 Angwan Sarkin Primary School — to the residence.

Items recovered from them included three ballot boxes, two BIVAS machines, 19 booklets and 20 pieces of ballot papers, two stamp pads with ink, one marker, and two result sheets.

The sources also disclosed that in the process of resisting the diversion, a police officer on election duty, PC Christian Garba, had his uniform forcibly removed by hoodlums who fled with it.

The sources added that voting had ended in most polling units and collation of results was in progress while investigations into the incident were ongoing.
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