President Bola Tinubu has assured Nigerians of efforts to alleviate current hardships, particularly the soaring prices of food and essential drugs, through the establishment of the National Credit Guarantee Company. In his 2025 New Year message, Tinubu said the initiative aims to stimulate local production of critical medical supplies and other essentials.
The National Credit Guarantee Company, set to commence operations by the second quarter of 2025, is a collaborative effort involving the Bank of Industry, Nigerian Consumer Credit Corporation, Nigerian Sovereign Investment Agency, Ministry of Finance Incorporated, private sector stakeholders, and multilateral institutions.
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Tinubu emphasised that the initiative is part of his administration’s broader strategy to promote economic stability and enhance access to affordable goods and services. He noted that the programme would also support local manufacturing efforts.
The President further announced plans to convene a youth conference in the first quarter of 2025, focusing on harnessing the potential of Nigeria’s young population to drive national development.
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