President Tinubu announces establishment of new company to bring down food, drug prices

President Tinubu announces establishment of new company to bring down food, drug prices

President Bola Tinubu has announced the establishment of a National Credit Guarantee Company aimed at reducing food prices and supporting local production of essential drugs and medical supplies. In his New Year message, Tinubu urged states to adopt the federal government’s Compressed Natural Gas (CNG) program to lower transportation costs. The new company, set to launch by mid-year, will be a collaboration between government institutions such as the Bank of Industry (BOI), the Nigerian Sovere...
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