TUE FEB 11 2025-theGBJournal|Vice President Kashim Shettima on Monday inaugurated a Presidential Committee on Economic and Financial Inclusion (PreCEF) as part of the Federal Government’s commitment to achieving a trillion-dollar economy by 20230.
The event also witnessed the signing of an investment agreement by private sector stakeholders to provide the foundational infrastructure needed for the full operation of the Aso Accord Initiative.
The Aso Accord, signed on Thursday, 25th April 2024 is a core pillar of the Bola Tinubu administration’s Renewed Hope Agenda to transform the nation’s economy.
Speaking during the inauguration ceremony and sign-off of the investment commitments at the Presidential Villa, Abuja, the Vice President called on all stakeholders to support the government’s effort at bridging financial gaps for millions of unbanked citizens.
According to him, Nigeria’s economic aspirations require more than optimism but ”deliberate ideas and strategies, inspired by our desire to win.”
”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. Dreams are not built on hope alone. They are the sum of deliberate ideas and strategies, inspired by our desire to win,” he added.
The Vice President noted the progress made since the launch of the Financial Inclusion Strategy in 2012, explaining that inclusion rates have improved from 60.3% to 74% as of 2023 but added that beneath these figures lie untold stories of millions still locked out of the financial system.
”We welcome this investment as an opportunity to catalyse the growth for our startups and MSMEs, create jobs and propel Nigeria towards the $1 trillion economy target by 2030.”
The new Presidential Committee will operate through the Governance Committee (GovCo) and a Technical Committee (TechCo) and supported by an implementation Secretariate.
According to the Vice President, this framework ”ensures that our approach is not only robust but also adaptable to evolving challenges and opportunities in financial and economic inclusion.”
The Presidential Committee membership is drawn from the sub-nationals, key ministries, departments and agencies of the federal government, and the private sector.
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