President Bola Tinubu has promised to address current hardship, especially rising prices of food and drugs in the country through the launch of the National Credit Guarantee Company.

In a 2025 New Year’s Message to Nigerians, the Federal Government said the move will also promote local manufacturing of essential drugs and other medical supplies in the New Year.

According to the President, the new company expected to begin operations before the end of the second quarter of the New Year, is a partnership of government institutions, including the Bank of Industry, BOI, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, NSIA, the Ministry of Finance Incorporated, the private sector and multilateral institutions.