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FG targets $1trn economy by 2030 via financial inclusion

F.Adenike

The Nigerian Federal Government has set an ambitious target to build a $1 trillion economy by the year 2030, with financial inclusion as a pivotal strategy.


This initiative was prominently discussed at the 8th Annual National Conference of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), where Senator Ibrahim Hadejia, Deputy Chief of Staff to the President, emphasized the government's commitment to this goal.


Hadejia, represented by Abubakar Zauro, the Technical Advisor to the President on Economic and Financial Inclusion, stated, “As we seek to achieve this milestone, financial inclusion is at the heart of our economic agenda.


This is ensuring that all Nigerians, regardless of location, gender, or socioeconomic status, are not only included but also empowered in our financial system.”


The government's plan involves implementing sustainable mechanisms to bridge the gap between the rich and the poor by enhancing access to financial services for micro, small, medium, and nano enterprises.


A key component of this strategy is the establishment of Neighborhood Financial Inclusion Centers (NFIC), which aim to provide comprehensive financial services to underserved communities.


These centers will address both physical and digital barriers, ensuring that millions of Nigerians can access essential financial services.


Senator Hadejia called for a collaborative approach among all stakeholders, stating, “Together, we can create a future where every Nigerian has access to the financial tools and services they need to thrive.”

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