Expressing their readiness during a town hall meeting facilitated by Deutsche Zusammenarbeit (GIZ) for MSMEs in the ICT, E-commerce & Poultry value and Financial Institutions in Jos, Plateau State, the Registrar of NRC, Mr. Musa Bulus said his organization is in fulfillment of the CBN’s resolve to further deepen credit delivery to MSMEs and also reduce the challenges of collateral as a requirement for loans to MSMEs.
According to the Registrar, the NCR is a notice-based registry for collaterals and an online centralised, publicly available data that allows financial service providers to register security interests in movable assets after accepting such collateral for loan.
