The National Credit Guarantee Company Limited (NCGC) is seeking to make borrowing more affordable for Nigerian micro, small and medium-sized enterprises (MSMEs) by reducing the risks financial institutions face when extending loans to businesses. The company's Managing Director and Chief Executive Officer, Dr Bonaventure Okhaimo, disclosed this on Tuesday during a press briefing at the State House in Abuja, explaining that credit guarantees could help reduce the risk premiums lenders incorporate into interest rates. According to Okhaimo, financial institutions consider the cost of funds, inflation and borrower risk when setting lending...