FG moves to transform Nigeria into $1trn economy by 2030, unveils financial model

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Federal Government News

Shettima

The Federal Government has unveiled a new financial inclusion policy aimed at transforming Nigeria into a $1 trillion economy by 2030. According to the Presidency, the project is designed to combat poverty and catalyse sustainable economic growth from the ground up.

Vice President Kashim Shettima who unveiled the policy on Wednesday, said the initiative symbolises the commitment of the President Bola Tinubu administration to enhancing financial and economic inclusion across Nigeria. The Federal Government had 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.

He listed some positive results the efforts have yielded to include the recent upgrade of Nigeria’s credit outlook to positive by Fitch Ratings, noting that it is in recognition of the reform progress under Tinubu. “While such upgrade by a distinguished institution reflects growing confidence in our economic trajectory, particularly in light of policy changes aimed at easing our debt service burden, we remain mindful of the short-term impacts of these reforms.

 

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