Nigeria’s Tinubu Targets Credit Expansion With New State Company
- Company will be comprised of public and private investors
- Entity is expected to start operations by end of June
Bola Tinubu
Photographer: Sodiq Adelakun/AFP/Getty ImagesThis article is for subscribers only.
Nigeria will launch a new company dedicated to increasing access to credit for individuals and critical sectors of the economy, President Bola Tinubu said.
The National Credit Guarantee Co. will be comprised of private investors and government institutions including the Bank of Industry and Nigeria’s Sovereign Investment Agency, he said in a New Year’s speech. The company is expected to start operations by the end of June.