Industry & Money

Nigeria Targets $1tr Economy by 2030, Launches Initiative

The federal government has launched a new initiative to establish an operating model and framework for Economic and Financial Inclusion, aiming to transform Nigeria into a $1 trillion economy by 2030.

The project is designed to combat poverty and catalyse sustainable economic growth from the ground up.

Vice President Kashim Shettima said the initiative symbolises the commitment of President Bola Ahmed Tinubu’s administration to enhancing financial and economic inclusion across Nigeria.

According to a statement by his spokesman, Stanley Nkwocha, Senator Shettima spoke on Wednesday during the Kick-off meeting for the initiative to set up an Operating Model for Economic and Financial Inclusion for the Office of the Vice President.

The federal government on April 25, 2024, unveiled the Aso Accord on Economic and Financial Inclusion, a multi-pronged blueprint designed to achieve universal access to financial services.

The accord represents a core pillar of the administration’s Renewed Hope Agenda to transform the nation into a $1 trillion economy by 2030 while combating poverty and insecurity through broad-based prosperity.

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