Nigerian President Tinubu plans a National Credit Guarantee Company to boost credit access and drive economic growth.

Nigerian President Bola Tinubu plans to establish a National Credit Guarantee Company by May 2025 to boost credit access for businesses and individuals. This initiative aims to strengthen the financial system, support underserved groups like women and youth, and drive economic growth. The company, a partnership involving government and private entities, will help lower food and drug prices and promote local manufacturing. Tinubu's goal is to reduce inflation from 34.6% to 15% by improving production and access to credit.

2 months ago
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