Monday, 28 September 2026

I promised you credit-based economy – Tinubu


<img width="1200" height="700" src="https://dailypost.ng/wp-content/uploads/2026/09/Tinubu-.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" srcset="https://dailypost.ng/wp-content/uploads/2026/09/Tinubu-.jpg 1200w, https://dailypost.ng/wp-content/uploads/2026/09/Tinubu--300x175.jpg 300w, https://dailypost.ng/wp-content/uploads/2026/09/Tinubu--1024x597.jpg 1024w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /> <p><br>President Bola Tinubu has reassured to&nbsp; move Nigeria towards a credit-based economy.</p> <p>The President gave the reassurance in a statement posted on his verified X handle on&nbsp;Monday.</p> <p>Tinubu stated that the move is to establish a loan guarantee scheme that would help small businesses overcome the barriers that keep them from finance.</p> <p>According to the President, a worker with access to credit could buy what the family needs and pay over time, and a small business can invest&nbsp;today&nbsp;against the income it expects&nbsp;tomorrow.</p> <p>&#8220;When I sought your mandate, I promised to move Nigeria towards a credit-based economy and to establish a loan guarantee scheme that would help small businesses overcome the barriers that keep them from finance.</p> <p>&#8220;That promise was about something practical. We have been building the institutions to make that possible. Through CREDICORP, working Nigerians can access consumer credit.</p> <p>&#8220;Our students can finance their education through NELFUND, while the Bank of Industry and Development Bank of Nigeria continue to lend to businesses.</p> <p>&#8220;The National Credit Guarantee Company takes on one of the hardest barriers to business credit,&#8221; he tweeted.</p> <p><a href="https://dailypost.ng/2026/09/28/i-promised-you-credit-based-economy-tinubu/">I promised you credit-based economy &#8211; Tinubu</a></p>

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