The Federal Government has launched a new financial inclusion policy aimed at transforming Nigeria into a $1 trillion economy by 2030. Vice President Kashim Shettima unveiled the policy, stating that it symbolizes the President Bola Tinubu administration's commitment to enhancing financial and economic inclusion across Nigeria.
The policy is designed to combat poverty and catalyze sustainable economic growth from the ground up. Shettima noted that the idea is to provide access to capital and eradicate poverty through legislative interventions and critical policies. He emphasized that inclusive economic growth and development are at the heart of every strategy championed by Tinubu.
According to Daily Post, The Vice President highlighted some positive results of the efforts, including the recent upgrade of Nigeria's credit outlook to positive by Fitch Ratings. He acknowledged that while this upgrade reflects growing confidence in Nigeria's economic trajectory, the government remains mindful of the short-term impacts of these reforms and is prioritizing measures to mitigate them.
Shettima emphasized that economic and financial inclusion has been elevated to the agenda of the National Economic Council (NEC), where all governors and the FCT minister participate in crucial policy deliberations alongside other stakeholders. He expressed optimism that this approach will lead to broad-based prosperity and eradicate poverty in Nigeria.