Shettima Inaugurates Presidential Committee on Economic, Financial Inclusion, Eyes $1 Trillion Economy by 2030
Vice President Kashim Shettima has inaugurated the Presidential Committee on Economic and Financial Inclusion, reinforcing the federal government’s commitment to achieving a $1 trillion economy by 2030. The event, held in Abuja, also featured the signing of an investment agreement by private sector stakeholders to provide foundational infrastructure for the full implementation of the Aso Accord Initiative.
Speaking at the inauguration, Shettima emphasized the urgency of the task ahead, noting that bridging financial gaps for millions of unbanked Nigerians is key to unlocking the country’s economic potential. “We’re not here for a ceremonial exercise; we’re here to remind ourselves of the scale of responsibility and urgency of our mission,” he said. “A $1 trillion economy by 2030 is not a distant ambition—it is an achievable goal requiring strategic education, innovative thinking, and unwavering commitment.”
The Vice President called on members of the newly inaugurated committee to bring their expertise and dedication to the table. “I urge every member of this committee to bring their wealth of experience, passion, and diligence to this task. I call on our investors to place their confidence in us. Every resource committed will be leveraged to build an all-inclusive and prosperous Nigeria,” Shettima assured.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, described the initiative as a fundamental pillar of President Bola Tinubu’s Renewed Hope Agenda. “It’s a pivotal instrument designed to drive inclusive growth by ensuring that every economically active Nigerian has access to essential financial services,” he explained.
Governor Peter Mbah of Enugu State underscored the need for economic policies that prioritize the most vulnerable. “We cannot grow our economy at the expense of our common humanity. This means that we have to carry the weakest among us. We must design programs and policies that target those who are vulnerable,” he stated.
Governor Uba Sani of Kaduna State highlighted the stark reality of poverty in Nigeria, noting that nearly 70% of people in his state live below the poverty line. “That’s the last statistic before us. If we address this issue effectively, with the leadership given to us by the Vice President and the commitment of all stakeholders here today, I have no doubt that we will make significant progress within the shortest possible time,” he asserted.
The Aso Accord Initiative, which was a key highlight of the event, aims to strengthen financial infrastructure and expand access to credit for small businesses, startups, and rural entrepreneurs. The investment agreement signed by private sector leaders is expected to accelerate the implementation of these goals, ensuring financial services reach even the most remote communities.
Stakeholders at the event lauded the federal government’s approach to economic transformation, noting that the strategy aligns with global best practices in financial inclusion. Industry experts and investors pledged their commitment to supporting the initiative, emphasizing that a robust financial ecosystem is critical for sustained economic growth.
With the Presidential Committee now in place, expectations are high that Nigeria’s journey toward a $1 trillion economy will gain momentum. Analysts predict that with effective execution, increased private sector involvement, and sustained government commitment, the ambitious target could be well within reach before the end of the decade. GMTNewsng
