Nigeria Credit Guarantee Scheme Unlocks N46.95 Billion in SME Loans in Year One

President Tinubu has reported that Nigeria's Credit Guarantee Scheme unlocked N46.95 billion in loans in its first year of operation, providing a concrete proof-of-concept for a government-backed mechanism designed to address the SME lending gap. The figure is a measurable first-year output for a programme relevant to fintech lenders and development finance actors in the market.