In a strategic move to bridge financial gaps and accelerate Nigeria's economic transformation, Vice President Kashim Shettima on Monday inaugurated the Presidential Committee on Economic and Financial Inclusion (PreCEFI) at the State House, Abuja.
The initiative aligns with the Federal Government's goal of achieving a $1 trillion economy by 2030.
The inauguration coincided with the signing of an investment agreement by private sector stakeholders to establish the foundational infrastructure needed to operationalize the Aso Accord Initiative—a key component of the Tinubu administration's Renewed Hope Agenda.
Closing Financial Gaps for Inclusive Growth
Speaking at the event, Shettima stressed that Nigeria's economic ambitions require deliberate strategies, not just optimism. While financial inclusion rates have improved from 60.3% in 2012 to 74% in 2023, millions of Nigerians remain excluded from the financial system.
"Our road to a $1 trillion economy by 2030 shall remain a mere wish unless we lay a foundation strong enough to carry our dreams," he stated.
Driving Economic Growth Through Investments
Shettima welcomed the investment agreement as a catalyst for boosting financial inclusion, supporting startups and MSMEs, and creating jobs. He emphasized that PreCEFI is more than a government initiative—it's a national duty to bridge the economic divide.
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The committee will operate through two key structures:
Governance Committee (GovCo): Responsible for policy oversight and strategic direction.
Technical Committee (TechCo): Focused on implementation and execution strategies.
Additionally, an Implementation Secretariat will ensure the seamless rollout of financial and economic inclusion initiatives.
Shettima assured stakeholders that the framework is robust, adaptable, and designed to drive sustainable economic growth while mitigating short-term effects of economic reforms.
With this move, the Tinubu administration reinforces its commitment to expanding financial opportunities and ensuring every Nigerian, regardless of status, is integrated into the country's economic growth story.
