Federal Government Sets Sights on $1 Trillion Economy by 2030

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The federal government has launched a new initiative to establish an operating model and framework for economic and financial inclusion to transform Nigeria into a $1 trillion economy by 2030.

Vice President, Senator Kashim Shettima highlighted its significance during the initiative’s inaugural meeting to establish an operating model for economic and financial inclusion.

He emphasised that the initiative underscores President Bola Ahmed Tinubu’s commitment to enhancing financial and economic inclusion nationwide.

The Vice President while addressing stakeholders, emphasised the initiative’s goals of providing capital access and combating poverty through legislative interventions and critical policies.

He also cited positive outcomes, including Nigeria’s recent credit outlook upgrade to positive by Fitch ratings, recognizing the reform progress under President Tinubu’s administration.

He urged members of the implementation team and all stakeholders involved in the initiative to understand the gravity of their responsibility, emphasising that their task is crucial for the nation.

Also addressing the meeting, the Technical Advisor to the President on Financial Inclusion, Dr. Nurudeen Abubakar Zauro, reported significant progress in implementing the Aso accord on financial inclusion and a series of initiatives aimed at expanding financial access nationwide.

Dr. Zauro acknowledged Vice President Shettima’s support in facilitating the signing of the accord and ongoing implementation, noting that discussions on financial inclusion have now reached the highest levels of government, including the National Economic Council (NEC).

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