President Bola Tinubu has promised to improve credit access for Nigerians and vital sectors of the economy. In his New Year message, Tinubu said the Federal Government will launch the National Credit Guarantee Company to enhance financial support. The company will collaborate with key institutions such as the Bank of Industry, Nigerian Consumer Credit Corporation, and multilateral partners. Its goal is to expand risk-sharing, increase credit access, and support underserved groups like women and youth.
The initiative will drive industrial growth and raise living standards. Tinubu highlighted the country’s economic progress, citing the decrease in fuel prices, three consecutive quarters of foreign trade surpluses, and an increase in foreign reserves. He also pointed out the Naira’s improved value and a thriving stock market.
While acknowledging concerns about food and drug costs, Tinubu assured Nigerians that his administration will continue vital reforms to boost sustainable growth. He urged citizens to stay focused on building a unified, prosperous nation. “We are on the right path,” he affirmed. Tinubu also wished the nation a prosperous and successful 2025.
