Bridging Financial Gaps: How Shettima and Tinubu Plan to Transform the Economy

President Bola Tinubu's commitment to economic reforms aimed at promoting inclusive growth and closing economic disparities nationwide was reiterated by Vice-President Kashim Shettima on Monday.

While launching the Presidential Committee on Economic and Financial Inclusion (PreCEFI) at the presidential villa in Abuja, Shettima provided the guarantee.

The action was taken as part of the federal government's plan to make the economy worth a trillion dollars by 2030.

During the occasion, private sector participants signed an investment agreement to supply the basic infrastructure required for the Aso Accord effort to fully operationalize.

One of the main tenets of the Tinubu administration's Renewed Hope Agenda to revamp the country's economy is the agreement signed on April 25, 2024.

The vice president urged all parties involved to help the administration close the financial gaps that millions of unbanked residents face.

He asserts that "deliberate ideas and strategies, inspired by our desire to win," rather than optimism, are necessary for Nigeria's economic goals.

"Unless we build a solid basis to support our aspirations, our path to a $1 trillion economy by 2030 will remain a pipe dream.

"Hope alone is not the foundation of dreams. They are the culmination of thoughtful plans and tactics motivated by our will to succeed.

He also pointed out that institutional obstacles still prevented women, youth, MSMEs, rural communities, and some areas from realizing their full economic potential.

He clarified that an Implementation Secretariat would assist the new Presidential Committee, which would function through the Governance Committee (GovCo) and a Technical Committee (TechCo).

"This framework guarantees that our strategy is not only strong but also flexible enough to adjust to changing opportunities and challenges in financial and economic inclusion," he stated.

Dr. Nurudeen Zauro, the President's Technical Advisor on Economic and Financial Inclusion, stated that the committee's establishment was important for Nigeria's progress toward inclusive growth and the country's goal of having a trillion-dollar economy.

Zauro pointed out that cooperation would be essential to achieving all of the goals.

Additionally, Enugu Governor Peter Mbah stated that the state's phenomenal rise in internally generated income was largely due to economic and financial inclusion.

The governor pointed out that the state government's primary goal was to expand the economy while keeping the interests of the weak and vulnerable in mind.


Similarly, Kanu Governor Uba Sani commended Vice President Shettima's imaginative leadership and stated that financial inclusion for Nigeria was long overdue.


Beyond poverty, he said, financial inclusion would help with many other problems in the country's north, where there was a lack of proper digital infrastructure and network access.

The president of IQS Africa, Mr. Emmanuel Itapson, was thrilled to be involved in the significant national renewal task.

The ministry is still dedicated to the work that the Presidential Committee has been given, according to Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy.

According to him, the ministry will be in charge of converting the Aso Accord's vision into practical and significant reforms and initiatives.