The Bauchi State Traders and Artisans Association has lauded the appointment of Yakubu Dogara, former Speaker of the Federal House of Representatives, as the Board Chairman of the National Credit Guarantee Company (NCGC). The association, under the chairmanship of Salisu Malami, believes that Dogara’s extensive experience, proven leadership qualities, and dedication to national service make him an ideal choice for this crucial role. They express confidence that his expertise will significantly contribute to the growth and prosperity of the NCGC, echoing the sentiments expressed across various platforms since the announcement of his appointment by President Bola Tinubu. The association has pledged their prayers for Dogara, wishing him strength and wisdom to exceed expectations in his new position.
Dogara’s appointment comes amidst a period of economic restructuring and development initiatives by the Tinubu administration, and the NCGC plays a pivotal role in facilitating access to finance for micro, small, and medium enterprises (MSMEs). MSMEs are widely recognized as the engine of economic growth, providing employment opportunities, generating income and contributing significantly to the nation’s Gross Domestic Product (GDP). The NCGC, by providing credit guarantees, mitigates the risks associated with lending to MSMEs, thereby encouraging financial institutions to extend much-needed credit to this vital sector.
The challenges facing the NCGC are multifaceted, including ensuring effective risk management, promoting financial inclusion, and navigating the complex regulatory landscape. Dogara’s experience in navigating complex legislative processes and his understanding of the economic challenges facing the nation will be invaluable in addressing these challenges. His leadership is expected to bring a fresh perspective to the operations of the NCGC, potentially fostering innovative solutions to improve access to finance for MSMEs across various sectors.
The Bauchi State Traders and Artisans Association, being a direct beneficiary of policies that support MSMEs, has a vested interest in the success of the NCGC. Their endorsement of Dogara’s appointment reflects their belief in his ability to champion the interests of small businesses and create an enabling environment for their growth and prosperity. This appointment is seen as a positive development not only for the NCGC but also for the broader MSME ecosystem, which plays a crucial role in poverty reduction and economic empowerment.
The positive response to Dogara’s appointment underscores the importance of selecting individuals with proven leadership qualities and relevant experience for key positions within government agencies. The NCGC’s success is crucial for the realization of the government’s economic development agenda, and Dogara’s leadership is expected to play a pivotal role in achieving this objective. His appointment also highlights the importance of collaboration between government agencies and the private sector, particularly in addressing the financing needs of MSMEs.
In conclusion, the appointment of Yakubu Dogara as Board Chairman of the NCGC has been met with optimism and widespread support, particularly from organizations representing the interests of small businesses. His experience, coupled with the goodwill he enjoys, positions him to effectively lead the NCGC in its mandate of supporting the growth and development of MSMEs, a vital sector for economic prosperity. The Bauchi State Traders and Artisans Association’s expression of confidence further underscores the expectation that Dogara’s leadership will translate into tangible benefits for small businesses and contribute significantly to the overall economic development of the nation.
