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NCGC, SMEDAN Partner to Expand MSME Access to Loans

NCGC and SMEDAN sign an MoU to improve MSME access to affordable loans and financing in Nigeria, boosting economic growth and job creation....

News Desk

Staff Writer

Published

Jun 25, 2026

Source

Punch Newspapers

Analytics

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NCGC, SMEDAN Partner to Expand MSME Access to Loans

AI Insight:This partnership has significant implications for Nigeria's economic growth and job creation by addressing a major barrier faced by MSMEs.

The National Credit Guarantee Company (NCGC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a Memorandum of Understanding (MoU) aimed at enhancing access to affordable loans and financing for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This strategic collaboration is expected to boost economic growth and job creation by addressing a major barrier faced by MSMEs, which is the limited availability of credit facilities. By partnering to provide more accessible and affordable financing options, NCGC and SMEDAN are set to empower MSMEs to expand their operations, invest in new technologies, and increase their productivity, ultimately contributing to the country's economic development. The partnership will also facilitate the provision of technical assistance and capacity-building programs to MSMEs, enabling them to better manage their finances and navigate the complexities of accessing credit facilities.