The moment carterefe told Enzo that Taylor jasmine loves him not only because of the outside look but what he has inside 🥹😍 and also because of big gbogborii 🤣😂
A tailor should not need millions of naira to buy industrial machinery before she can grow her business. A food processor should not have to build a factory before producing at scale.
That is why the Federal Government, under our Renewed Hope administration, is investing in shared MSME hubs through our National MSME Clinics, giving entrepreneurs access to modern equipment, reliable power and production facilities without carrying the full cost alone.
Today, 21 shared facilities across 19 states and the FCT are supporting businesses and an estimated 650,000 jobs.
Nigerians do not lack ideas, skill or ambition. Too often, they lack access to the tools and infrastructure needed to turn them into successful businesses.
Our job is to remove those barriers.
When small businesses can produce more, at lower cost, they become more competitive. They grow. They employ more people. They create income and opportunity for Nigerian families.
Giving Nigerian enterprise the tools to succeed is how we build prosperity from the ground up.
That is the Nigeria we are building.
Bola Ahmed Tinubu, GCFR
President
@NGRPresident@NigeriaGov
4/4
Credit matters because of what people can do with it. A trader can restock before the festive season. When a manufacturer takes a bigger order and buys another machine to fill it, another Nigerian gets a job.
NCGC estimates that the businesses it has supported account for 661,291 direct and indirect jobs.
This is how we move from reforms to opportunities. Our reforms laid the foundation. Credit gives Nigerians the means to build on it. Tens of thousands who stood outside formal credit a year ago are now inside, borrowing to grow.
We will keep widening that road until the opportunities our reforms create reach homes and businesses in every part of Nigeria.
Promise made, Promise Kept. We are moving from reforms to opportunities. Nigeria First.
Bola Ahmed Tinubu, GCFR
President
3/4
NCGC has issued ₦21.59 billion in guarantees. On the strength of those guarantees, participating lenders have extended ₦46.95 billion in loans.
That means every ₦1 in guarantees has helped unlock about ₦2.17 in credit.
So far, 67,512 borrowers across 25 states and the FCT have received credit backed by NCGC. 11,374 are women.
And 33.5 percent are first-time formal borrowers. For more than 22,000 Nigerians, this is their first entry into the formal credit system.
They now have a credit record they can build. Each successful repayment strengthens that record and can make the next loan easier to secure.
2/4
Many viable businesses still meet the same obstacle at the bank. Lenders see too much risk in a sound business when the owner has little collateral or no credit history.
We established NCGC to help change that. It carries part of the lending risk with participating financial institutions, giving them greater confidence to lend to businesses and borrowers they might otherwise turn away.
Today, NCGC works through 19 financial institutions: 13 commercial banks, three microfinance banks and three development finance institutions.
One year into operations, we can see what that model is doing.
When I sought your mandate, I promised to move Nigeria towards a credit-based economy and to establish a loan guarantee scheme that would help small businesses overcome the barriers that keep them from finance.
That promise was about something practical. A worker with access to credit can buy what the family needs and pay over time, and a small business can invest today against the income it expects tomorrow.
We have been building the institutions to make that possible. Through CREDICORP, working Nigerians can access consumer credit. Our students can finance their education through NELFUND, while the Bank of Industry and Development Bank of Nigeria continue to lend to businesses.
The National Credit Guarantee Company takes on one of the hardest barriers to business credit.
Peller reveals on livestream that he’s not in Canada with Jarvis and apologizes to his real fans, saying he doesn’t want to reveal their location because of bad people on the internet. 😭😂
The moment Enzo told Carter on livestream that his relationship with Taylor Jasmine wouldn’t work, Carter kissed her right in front of him! 😂😭
Enzo was left completely speechless and left right away . 💀😂❤️
Carter finally kept his promise! 🇺🇸❤️ Taylor, Carter’s babe, has always been a big fan of Teni, and Carter finally called Teni to introduce her to her favorite artist. 🥹😂❤️