In his New Year's speech Nigeria's President Bola Tinubu announced plans to improve Nigeria's ailing economy including halving its double-digit inflation to 15%. His plans also include establishing a new company whose role would be to increase access to credit for individuals and critical sectors of the economy.

The National Credit Guarantee Company, which is expected to start operations by the second quarter will be comprised of the Bank of Industry, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and Ministry of Finance Incorporated, the private sector, and multilateral institutions.

Samora Mangesi spoke to an Economics Professor at the University of Ibadan in Nigeria, Professor Adeola Adenikinju...