In his 2025 New Year message, Nigerian President Bola Tinubu assured citizens of efforts to tackle the rising costs of food and drugs. He announced the launch of the National Credit Guarantee Company, a collaborative initiative involving government institutions, the private sector, and multilateral partners, aimed at supporting local manufacturing and addressing economic challenges.

Set to begin operations by mid-2025, the initiative will promote domestic production of essential goods and strengthen financial systems. Tinubu expressed optimism for brighter days ahead, despite the challenges of 2024, emphasizing the government’s commitment to fostering economic stability and growth.