- The Federal Government aims to transform Nigeria into a $1 trillion economy by 2030, focusing on economic and financial inclusion
- Vice President Kashim Shettima emphasized inclusive economic growth and the need for access to capital and legislative support
The Federal Government has introduced a new plan to transform Nigeria into a $1 trillion economy by 2030. This initiative focuses on economic and financial inclusion to drive growth and combat poverty.
Vice President Kashim Shettima highlighted the administration’s commitment to this goal during a meeting to establish an Operating Model for Economic and Financial Inclusion. He emphasized the importance of inclusive economic growth in President Bola Ahmed Tinubu’s policies.
The Aso Accord on Economic and Financial Inclusion revealed on April 25, 2024, outlines a comprehensive strategy for universal financial access. It supports the Renewed Hope Agenda, which aims to transform Nigeria’s economy while reducing poverty and insecurity.
Shettima stressed the need for access to capital and legislative support to achieve these goals. He noted positive outcomes, such as Fitch Ratings’ recent upgrade of Nigeria’s credit outlook to positive, reflecting the administration’s progress.
The initiative has been placed on the National Economic Council’s agenda, involving all state governors and key stakeholders to ensure sustainable growth. Shettima urged the implementation team to commit fully to this crucial task.
Dr. Nurudeen Abubakar Zauro, Technical Advisor on Financial Inclusion, reported significant progress in executing the Aso Accord. He noted that financial inclusion discussions have reached top government levels.
Prof. Olayinka David-West from Lagos Business School praised the administration for prioritizing economic and financial inclusion through the Aso Accord.
