The Nigerian government is known
for rolling out good development plans and programs over the years. Apart from
the first, second, and third national development plans, there was also the
vision 2010 development program, all of which were not implemented to the
latter so as to achieve the desired result. With the relative political
stability in the country following the sustainable democratic order and the
acceptance of the country by the international committee, the nation envisions
a great future ahead.
Furthermore, Goldman Sachs’
classification of countries identified Nigeria to be one of the N-11 countries,
which are countries that have the potential for attaining global
competitiveness based on their economic and
demographic settings and the
foundation for reforms already laid. Following these assurances for growth, the
government of the Federal Republic of Nigeria conceptualized the vision 202020
program. This is a development program of the Federal Government to join or
become one of the 20 largest economies of the world by the year 2020. This, it
is believed, would enable it to consolidate its leadership role in Africa and
establish itself as a significant player in the global economic and political
arena.
To achieve this lofty objective,
the country will need to enhance her social and economic development
performance, as indicated in the table below.
Table 1: key Parameters for
Achieving Vision 202020
Polity By 2020, the country will
be peaceful, harmonious, and a stable democracy.
Macro-Economy A sound, stable,
and globally competitive economy with a GDP of not less than USD
$900 billion and a per capita income
of not less than USD $4000 per annum.
Infrastructure Adequate infrastructure services that support
the full mobilization of all economic
sectors.
Education Modern and vibrant
education system which provides for every Nigerian the opportunity
and facility to achieve his
maximum potential and provides the country with adequate
and competent manpower.
Health A health sector that
supports and sustains a life expectancy of not less than 70 years and
reduces to the barest minimum of
the burden of infectious diseases, such
as malaria,
HIV/AIDS, and other debilitating
diseases
Agriculture A modern
technologically enabled agricultural sector that fully exploits the vast
agricultural resources of the
country ensures national food security and contributes
significantly to foreign exchange
earnings.
Manufacturing A vibrant and
globally competitive manufacturing sector that contributes significantly to
GDP, with a manufacturing value
added of not less than 40%.
Source: Government of the Federal
Republic of Nigeria. (2008). The Vision 202020 Draft Document.
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