President Bola Tinubu Sets Target Of $1 Trillion Economy By 2030

President Bola Tinubu Sets Target Of $1 Trillion Economy By 2030

President Bola Ahmed Tinubu’s administration has announced its commitment to establishing sustainable mechanisms aimed at building a $1 trillion economy by the year 2030. This ambitious plan was detailed by Senator Ibrahim Hadejia, the Deputy Chief of Staff to the President, at the 8th Annual National Conference of The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN). The event took place in Benin, Edo State, and served as a platform for discussing pivotal economic strategies.

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Representing Senator Hadejia, Nurudeen Abubakar Zauro, the Technical Advisor to the President on Economic and Financial Inclusion, emphasized the government’s dedication to collaborating with all sector players. This collaborative effort is part of the strategy to drive economic growth and financial inclusion across the nation. The administration’s approach underscores its desire to involve multiple stakeholders in achieving its economic objectives, reflecting a comprehensive plan to enhance national prosperity.

In summary, the Tinubu administration is focusing on economic and financial inclusion as a cornerstone for economic expansion. By involving various industry participants, the government aims to establish a framework that supports sustainable economic growth, setting a clear path toward reaching a $1 trillion economy by 2030.

He said:

“As we seek to achieve this milestone, financial inclusion is at the heart of our economic agenda, ensuring that all Nigerians—regardless of location, gender, or socioeconomic status—are not only included but also empowered in our financial system.

“This has been made evident in the administration’s effort to boost access to credit for micro, small, medium, and nano enterprises (MSMSNE), and various other programs targeted at enhancing inclusive growth through economic and financial inclusion.”

As we work toward our 2030 economic goal, it is critical that we focus on narrowing these gaps.

“This is where Neighborhood Financial Inclusion Centers (NFIC) play a pivotal role at providing a one-stop shop for financial services in excluded communities.

“Through proactive partnerships with government and financial institutions, these centres will address both the physical and digital barriers that prevent millions of Nigerians from accessing essential financial services especially amongst the economically poor to improve their resilience against economic shocks.”