THE CONCEPT OF VISION 202020

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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