President Bola Tinubu has reaffirmed his commitment to moving Nigeria towards a credit-based economy.

The President gave the assurance in a statement posted on his verified X account on Monday.

Tinubu said the initiative would include the establishment of a loan guarantee scheme aimed at helping small businesses overcome barriers to accessing finance.

He said the scheme would make it easier for small businesses to obtain credit and support their growth.

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 today against the income it expects tomorrow

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