The Presidential Committee on Economic and Financial Inclusion (PreCEFI) has been mandated with the responsibility of providing strategic guidance and oversight for the implementation of the “Aso Accord,” targeted at driving ongoing economic reforms of the Nigerian government that prioritise inclusive growth and bridge financial gaps across the country.
The committee inaugurated by Vice President Kashim Shettima on February 10, 2025, is part of the commitment of the current administration to attaining a trillion-dollar target for the Nigerian economy.
Subcommittees
The Presidential Committee operates under two subcommittees namely the Governance Committee, Technical Committee and is supported by an implementation secretariat, with their respective terms of reference.
According to the terms of reference released on Tuesday, the (GovCo) chaired by the Vice President, with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, as Deputy Chairman, is saddled with the task of providing high-level strategic oversight.
Governance Committee
The GovCo provides high-level strategic guidance and oversight for EFI initiatives. Projects are aligned with national development strategies, policy frameworks are provided, strategic plans are approved, and resource mobilization is facilitated.
Key responsibilities of the subcommittee include providing strategic guidance and oversight for the implementation of the Aso Accord, offering governance and leadership for the successful execution of the Accord and setting performance targets, monitoring and reviewing the performance and progress of key implementation activities, acting as a liaison between the National Economic Council and economic and financial inclusion implementation agencies.
Members of the committee are Deputy Chief of Staff to the President, Ibrahim Hassan-Hadejia; Enugu State Governor, Dr Peter Mbah; Kaduna State Governor, Uba Sani; Minister of Communications, Innovation, and Digital Economy, Dr Olatunbosun Tijani; Minister of Humanitarian Affairs and Poverty Alleviation, Prof. Nentawe Yilwatda; National Security Adviser of Nigeria (NSA), Mallam Nuhu Ribadu; Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso; President of IQS Africa, Prof. Emmanuel Itapson, Representing the private sector, and Technical Advisor to the President on Economic and Financial Inclusion, Dr. Nurudeen Zauro (Secretary).
Technical Implementation Committee
The Technical Implementation Committee (TechCo) which focuses on operationalising the strategic direction provided by GovCo has the responsibility of designing, implementing, and managing EFI initiatives on the ground, ensuring that they are technically feasible, effective, and scalable.
The Technical Committee will design and implement frameworks for EFI initiatives, monitor budget compliance and timelines, drive innovation and technological integration, and advise GovCo on alignment with Aso Accord goals.
Also Read: Bridging Financial Inclusion Gaps Key To $1trn Economy Vision – VP Shettima
Director General, National Information Technology Development Agency (NITDA), Mr. Kashifu Inuwa Abdullahi, is Chairman of the TechCo, while Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN), Mr. Philip Ikeazor, is Deputy Chairman.
Members of the subcommittee are Director General of the National Identity Management Commission, Abisoye Coker-Odusote; Executive Vice Chairman of the Nigerian Communications Commission, Dr Aminu Maida; Director General of the Federal Competition and Consumer Protection Commission, Dr Tunji Bello, and Managing Director, Bank of Industry, Dr Olasupo Olusi.
Others include the Director General, Nigerian Governors Forum, Dr Abdulateef Shittu; the Managing Director of the Nigerian Inter-Bank Settlement System, Mr. Premier Oiwoh; the National Programme Manager, of the National Cash Transfer Office, Mr Abdullahi Alhassan Imam; the Representative of Development Partners, Mr. Uche Amaonwu, Gates Foundation; Private sector representative, Dr Stephen Ambore, Technical Lead on Economic and Financial Inclusion; Private Sector Representative| Ms. Modupe Ladipo, the pioneer CEO of EFInA, and Technical Advisor to the President on Economic and Financial Inclusion and Dr Nurudeen Zauro (Secretary).
Committee Secretariat
The Presidential Implementation Committee also has a Secretariat, which focuses on coordinating the activities of the GovCo and TechCo, as well as liaising with stakeholders to operationalise the Aso Accord and implementation of the PreCEFI initiatives in Nigeria and beyond.
The secretariat headed by the Technical Advisor to the President on Economic and Financial Inclusion is responsible for working with the presidential committee and relevant agencies to ensure the attainment of the objective of the Aso Accord, aside from providing secretariat functions for the Presidential Committee.
Other members of the Secretariat are Technical Lead on Economic and Financial Inclusion, Dr. Stephen Ambore, Deputy Head; Director Digital Enablement, Kyuka Ibrahim Avong; Director Strategy & Advocacy, Abdulfarid Yusuf O; Director Policy and Programmes, Oluseye Olutimahyin, and Director Admin, Finance and Accounts, Adamu Hassan.
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