Then president umaru yaradua was interested in a document that could be the development roadmap for nigeria. Nigerias quest to join the league of 20 industrialised nations by the year 2020 got a boost yesterday as the federal government unveiled a blueprint to attain this objective. Nigerias vision 2020s intent is to position nigeria to become one of the top 20 economies in the world by. In 2009, the federal republic of nigeria set some ambitious objectives. This paper takes a critical look at the vision 2020 goals which the nigerian government sets for itself within the framework of the 7. This vision is a result of a national consultative process that took place in village urugwiro in 199899. Nigeria payment systems vision 2020 nationally utilised internationally recognised. Going beyond vision 2020 in nigeria how africa news. Technical and financial support from the private sector and development partners.
Provide nigerians the opportunity to share their vision for a new nigeria. In nigeria, the central banks revised microfinance bank. In addition, the youth as the dominant labour force whose productivity impacts on the economic growth process, how educated and healthier the youth are, greatly reflects on that contributions in the economic growth of the nation udoma, 2004 and by extension, the realization of vision 2020. Request pdf will nigeria achieve the goals of vision 2020. The original vision 2020 contained 47 indicators and targets, which have been revised to a total of 48. Report of the vision 2020 national technical working group on. African centre for leadership, strategy and development centre lsd. We argued then that nigeria vision 202020 agenda is an attempt by the nigerian ruling class to hoodwink and deceive the. Pdf nigeria vision 2020 economic transformation plan. In addition to plans to roll out the new licence regime for payments companies, the central bank of nigeria cbn is changing the licencing guidelines for microfinance banks mfbs. Nigerias vision 2020 s intent is to position nigeria to become one of the top 20 economies in the world by 2020 linking the objectives of the needs program 20042007, the needs 2 program, and the sevenpoint agenda, key objectives of the vision 2020 are to. Its vision, that nigeria becomes one of the twenty largest economies in the world by 2020, is uninspiring.
The government of nigeria will partner with the private sector, civil society, traditional and. It made some comparisons between nigeria and south africa, which. Our study hence concentrates on the two objectives. In its 20152019 integrated country strategy, the u.
The first volume volume i contains three main parts. Government mission in nigeria identified four priority goals improving governance, furthering economic development, enhancing stability, and expanding opportunity. Attainment of the vision would enable the country achieve a high standard of living for its citizens. Timetrics construction in nigeria key trends and opportunities to 2020 report provides detailed market analysis, information and insights into the nigerian construction industry including. Evidence from national accounts 163 one of the vision objectives is to make the nigerian economy less oildependent and strengthen domestic industry. Nigerias quest to join the league of 20 industrialised nations by the year 2020 got a boost on friday, september 25, 2009 as the federal government unveiled a blueprint to attain this objective. After about nine months of intensive work by over 1,000 experts, the. In an exposure draft pdf published on march 3, the regulator stipulated new minimum capital requirements for mfbs and has split the categories of licences into. The vision 2010 was yet another development plan initiated. Nigerias commitments include training frontline health workers to deliver a range of contraceptives and action to improve equity and access to family planning for the poorest. This document gives eye healthcare providers, policymakers and vision 2020 partners an action plan for the activities planned for 20062011, although many of the suggestions will be valid well beyond that period. Vision 2010 of the abacha era and the currently touted vision 20. The nigeria vision 2020 is a bottomup strategic plan in which each major stakeholder group will prepare its v2020 thoughts and ideas based on the guidelines approved by the national council. D abstract the paper discussed the status of the economy of nigeria currently.
The president and commanderinchief of the federal republic of nigeria is the chairman. To achieve this objective, the authority adopted a resolution in june 2007 to introduce the transformational ecowas vision 2020. There will be increased membership drive for osn and strengthening of zonal and state branches. After about nine months of intensive work by over 1,000 experts, the presidency yesterday unfolded the draft vision 20. One of which was to become among the top 20 economies in terms of gdp size by 2020. Financial system strategy 2020 fss 2020 international conference payment systems strategy. Vision 2020 economic community of west african states. Lack of infrastructure as a challenge to the actualization of vision 2020 in nigeria abstract. This process provided the basis upon which this vision was developed. He has the herculean task of reversing fifty years of decay that exists at the heart of nigerias current development and security architecture. Country development cooperation strategy nigeria u.
The framework also offers a blueprint for sustainable political development in nigeria. Newly elected nigerian president muhammadu buhari faces many challenges. Work in progress as at 261009 not for circulation introduction the nv 20. Pdf the nigerian government has put several economic tools into place to improve on the economic productivity of the nation.
Despite the barrage of economic policies by successive governments on the need to diversify nigerias gdp, there still persists. Financial system strategy 2020 central bank of nigeria. The part 1 of the document presents the strategic framework for the plan, which is premised on nigeria s vision of becoming the. Since its creation on 28 may 1975, the economic community of west african states ecowas has been promoting economic cooperation and regional integration as a tool for an accelerated development of the west african economy. About 70 soldiers are ambushed and killed by boko haram in goneri village, borno state. Vision 2020 is expected to place nigeria in the comity of one of the developed 20 economies in the world by the year 2020. The government unfolded an ambitious development plan, called the vision 2020, wherein it envisioned or projected that, by next year, 2020, nigeria would be one of the first 20 economies in the world. A recent effort initiated by the government in realizing national developmental goal in nigeria is the vision20. The news agency of nigeria reports that the vision is aimed at making nigeria to become one of the 20 economies in the world by year 2020. Vivid description of vision by the year 2020, our children laugh at us when we try and pay by cash. Vision 2020 is aligned with the goals of the national development plan ndp. Pdf the paper discussed the status of the economy of nigeria currently. Addressing nigerian development and the structure of the economy through education prof.
Construction in nigeria key trends and opportunities to 2020. According to nigeria vision 2020 2008, the national council on vision 2020 ncv2020 is the apex body of the operational and institutional arrangements for nigerias vision 2020. Nigeria vision 2020 program 8 report of the energy sector national technical working group foreword this document is the outcome of the study and intense discussions by the members of the energy thematic group of the vision 20. Senate resolution designating vision 2020 and philadelphia as the hosts for the national centennial of the 19th amendment pdf march 30, 2016 lynn yeakel is featured on the radio program a womans place january 3, 2016. Several economic reforms and strategic plans have been put in place in nigeria to diversify the revenue sources of the economy towards achieving the nations. The ecowas vision 2020 is aimed at setting a clear direction and goal to significantly raise the standard of living of the people through conscious and inclusive programmes that will guarantee a bright future for west. Approved by the federal executive council 14 oct 2009 endorsed by the national council of state 08 june 2010 launched by mr.
Nigeria is the most populous black nation on earth and since the countrys independence, its leaders have tried several times to make the life of its citizen better and by extension, be among the developed countries of the world. The ophthalmological society of nigerias strategic plan to preserve and restore vision vision for the futurenigeria is a multiyear, flexible and interactive programme. Addressing nigerian development and the structure of the economy through education article pdf available december 2015 with 6,824 reads. The study highlighted the importance of required infrastructures such as energy as a panacea to the realization of the objectives and goals of vision 2020 in nigeria. Highlights of nigerias 2020 budget of sustaining growth and job creation october 2019 for a deeper discussion, please contact any member of our team below or your usual contact with pwc nigeria. Lack of infrastructure as a challenge to the actualization. There was broad consensus on the necessity for rwandans to clearly define the future of the country. Vision 2020 is expected to place nigeria in the comity. It made some comparisons between nigeria and south africa, which revealed that. Nigeria should borrow a leaf from the new civilisation of southeast asia, where purposeful leadership had inspired their people to change. In support of that vision, the usaid mission has established its country development cooperation strategy goal as reduced extreme poverty in a more stable, democratic. Nigeria experience in development planning has been a failure. And paving the way for the emergence of the n11 countries after the brics, there is the next 11 or n11 countries, which have the potential to be bric likein the future as identified by goldman sachs one of which is nigeria. The bill also seeks to provide clarity and efficiency in the administration of the individual income taxes in nigeria.