Breaking: Tinubu Appoints Former Speaker to Key Position

• President Bola Tinubu has appointed the former Speaker of the House of Representatives as the pioneer chairman of the NCGC
• Along with Dogara, Tinubu also appointed Bonaventure Okhaimo to serve as the NCGC's managing director and Chief Executive Officer
• The newly established NCGC commenced operation with an initial capital of N100 billion. The agency is established to expand access to finance for MSMEs and others

President Bola Tinubu has announced the appointment of former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara as the chairman of the National Credit Guarantee Company Limited (NCGC).

The board of the NCGC, a newly created federal agency by Tinubu's administration, will be chaired by Dogara, while Bonaventure Okhaimo will serve as its managing director and Chief Executive Officer.

When did Tinubu appoint the former speaker?

According to Nairametrics, the presidency announced the appointment in a statement on Thursday, May 29.

The newly established NCGC commenced operation with an initial capital of N100 billion. The agency is established to expand the access of Micro, Small and Medium Enterprises (MSMEs), manufacturers, large businesses, small organisations and consumers across the country to finance

According to the statement, the establishment of the NCGC was part of President Tinubu's New Year's message in 2025, where he had vowed to make credit access available and promote economic growth that is inclusive.

Why Tinubu established NCGC

The statement noted that the NCGC was established solely to strengthen confidence in the country's financial system and create support for the underbanked groups, such as youths and women, increase industrialisation and generate employment opportunities.

The government explained that Tinubu's administration was committed to reforming the credit system in the country and improving its people's standard of living.

Tinubu giving appointments to key political figures

Dogara's appointment came days after Tinubu announced the appointment of Ken Nnamani, a former Senate president, as the chairman of the Nigerian Institute for Policy and Strategic Studies (NIPSS).

The president also named the ex-secretary to the government of the federation (SGF), Ayim Pius Ayim (Ebonyi), as the chairman of the National Merit Awards.

They were announced among 22 others whose President Tinubu approved their appointments to leadership positions across various federal agencies and commissions, including that of Ibrahim Shehu Shema, a former governor of Katsina state, who was appointed to head the Federal Capital Development Authority (FCDA).

Analyst speaks on Tinubu's appointment of politicians

Tinubu has recently been giving appointments to top political figures at a time opposition leaders, including former Vice President Atiku Abubakar and Peter Obi, the 2023 Labour Party presidential candidate, are working on a coalition to sack him in the 2027 election.

Reacting to the development, Omotayo Yusuf, a political commentator, in an interview with Legit.ng, noted that it was a political calculation for the president, adding that it was a plot to get key politicians into his fold. His statement reads:

"Tinubu's appointment of key politicians into major role is obviously a move to strengthen his political fold ahead of 2027, we can see what the likes of Atiku and Peter Obi are doing in the call for a coalition, so, the president also needs to act fast to secure his second term in office."

Tinubu dismisses allegation of one-party state

Legit.ng earlier reported that President Bola Tinubu commented on the recent allegation by some opposition politicians that he was working to turn Nigeria into a one-party state.

Speaking at the APC national summit in Abuja on May 22, he maintained that people were joining his party because they were driving the aspirations of the people.

Former Vice President Atiku Abubakar of the PDP and Peter Obi of the Labour Party had accused Tinubu of causing an opposition party crisis to stage his plan.

Source: Legit.ng