NAICOM , NCGC in Synergy to Unlock Finance for MSMEs, Others.
The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, received a courtesy visit from National Credit Guaranty Company (NCGC) management on February 27, 2026, where discussions centered on expanding access to finance for MSMEs, local manufacturers, and consumer credit customers.
NCGC Managing Director, Mr. Bonoventure Okhaimo, introduced NCGC, a private limited company licensed by the Central Bank of Nigeria in August 2025 to catalyze access to finance through innovative partial credit guarantees, governance best practices, and technology-enabled processes.
In his remarks, Okhaimo highlighted NCGC’s two guarantee products: National Individual Guarantee and Portfolio Guarantee, designed to reduce risk and boost credit access.
Mr. Okhaimo stated that NCGC aims to strengthen partnerships between credit guarantors, banks, insurers, and regulators, mobilizing capital, protecting lenders, and accelerating inclusive economic growth.
He sought NAICOM’s collaboration, stressing the need for a platform where insurers and credit guarantee stakeholders can engage directly, explore syndication and reinsurance solutions, and drive sectoral trust and market uptake.
Responding, the Commissioner for Insurance welcomed the collaboration, sharing NCGC’s commitment to expanding access to finance for MSMEs, local manufacturers, and consumer credit customers nationwide.
