Building an Inclusive Future: Nigeria's Drive for a $1 Trillion Economy

President Tinubu's administration launches a strategic initiative to bridge financial gaps and empower every Nigerian.

The Aso Accord: A Blueprint for Inclusive Prosperity

Anchored in President Tinubu's 'Renewed Hope Agenda,' the Aso Accord is the strategic framework driving Nigeria's economic transformation.

It prioritizes inclusive growth, aiming to bring millions of unbanked citizens into the formal financial system.

Target: $1 Trillion Economy by 2030

Built on deliberate ideas and robust strategies.

Aso Accord Document Blueprint

Signed: April 25, 2024

Financial Inclusion

Economic Growth

Job Creation

PreCEFI: The Engine of Transformation

The Presidential Committee on Economic and Financial Inclusion (PreCEFI), inaugurated by VP Kashim Shettima, provides strategic guidance and oversight for the Aso Accord's implementation.

PreCEFI Committee Structure
  • Governance Committee (GovCo)

    High-level strategic guidance, chaired by VP Shettima.

  • Technical Committee (TechCo)

    Operationalizes initiatives, chaired by DG NITDA, Mr. Kashifu Inuwa Abdullahi.

  • Key Impact

    Catalyzing growth for startups and MSMEs, creating jobs, and expanding financial opportunities.

Powering Progress: Private Sector Commitment

Partnership Handshake

Collaboration

Private Sector

Innovation

A significant investment agreement has been signed by private sector stakeholders to provide the foundational infrastructure for the Aso Accord.

Led by IQS Africa, this collaboration underscores the commitment of all partners to Nigeria's inclusive growth story.

This framework ensures robustness and adaptability to evolving challenges and opportunities in financial and economic inclusion.

Progress & Persistent Gaps

Nigeria's financial inclusion rate has shown significant improvement, rising from 60.3% in 2012 to 74% as of 2023.

However, millions of Nigerians – particularly youth, women, MSMEs, and rural populations – still face systemic barriers.

PreCEFI is specifically designed to address these remaining gaps and ensure every Nigerian is integrated into our economic growth story, regardless of geography or status.

Financial Inclusion Growth Chart

Youth

Women

MSMEs

Rural Areas