Climate change and nigerias sustainable development of vision 202020. Insecurity and national economic development implications. The drafters of the vision had believed that by 2020 nigeria will be one of the 20 largest economies in the world able to. The government of nigeria will partner with the private sector, civil society, traditional and.
The first volume volume i contains three main parts. Nigeria payment systems vision 2020 nationally utilised internationally recognised. Nigerias battle with boko haram council on foreign relations. 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. Amidst various reforms agenda, policies, development plans and programmes, vision 2010, sevenpoint agenda and a host of others, nigerian leaders have articulated the vision 20. In nigeria, the central banks revised microfinance bank. The industrial sector accounts for 6 per cent of economic activity, while in 2011, the manufacturing sector contributed only 4 per cent to gdp.
Vision 2020 is aligned with the goals of the national development plan ndp. The president and commanderinchief of the federal republic of nigeria is the chairman. 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. There will be increased membership drive for osn and strengthening of zonal and state branches. The major base of vision 2020 activities is at national level, where monitoring of eyecare. It made some comparisons between nigeria and south africa, which revealed that. Jan 20, 2020 despite the barrage of economic policies by successive governments on the need to diversify nigerias gdp, there still persists. Exempting transactions in approved rtgs systems from a possible zero hour ruling ensuring that approved multilateral netting arrangements cannot be set aside amending the central bank of nigeria act 1999 or other. Vision 2010 of the abacha era and the currently touted vision 20. This paper takes a critical look at the vision 2020 goals which the nigerian government sets for itself within the framework of the 7. Federal republic of nigeria implementation of the sdgs.
Nigeria is a lesser developed country, whose politics have been shaped by chronic military dictatorships, dependence on oil, ethnic and social cleavages, and a population too large to feed. The economy is diversifying and has grown over 6% per year for the past decade. This abridged version summarizes, in five sections, the focus, objectives, strategies. Nigeria is a lowermiddleincome african country whose development vision is that by 2020 the country has a large, strong, diversified, sustainable and competitive economy and is using its natural resources and addressing climate change responsibly. 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. Addressing nigerian development and the structure of the economy through education prof.
The vision 2010 was yet another development plan initiated. Yusufs vision was extreme in the northern nigeria context. Nigeriaworld documents vision 2010 all about nigeria. In 2007, the central bank of nigeria launched the payment systems vision 2020 which identified series of recommendations to increase the resilience of the payments system infrastructure and workstreams to encourage the usage of electronic payment. Vision 2020 is the objective of the nigerian government to grow the size of nigerias economy from a position of 40th in 2005 to the 20th nation in the world by the year 2020.
National development plan of nigeria commonwealth governance. Pdf foreign direct investment and the nigerian economy. Then president umaru yaradua was interested in a document that could be the development roadmap for nigeria. We argued then that nigeria vision 202020 agenda is an attempt by the nigerian ruling class to hoodwink and deceive the people into believing that the state is. Generally, policies and strategies of nigerian government towards fdi.
Nigeria has been working very hard amidst all challenges so as to realise or achieve her vision 20. She is endowed with vast human and natural resources, including oil and gas. Pdf claimed by boko haram and reduce violence linked to the group to levels seen prior to 2014. The ophthalmological society of nigerias strategic plan to preserve and restore vision vision for the futurenigeria is a multiyear, flexible and interactive programme. Attainment of the vision would enable the country to achieve a high standard of living for its citizens. 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. The original vision 2020 contained 47 indicators and targets, which have been revised to a total of 48.
Government mission in nigeria identified four priority goals improving governance, furthering economic development, enhancing stability, and expanding opportunity. Request pdf will nigeria achieve the goals of vision 2020. 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. National context in 2014, nigeria became the largest economy in subsahara africa. Addressing nigerian development and the structure of the economy through education. Pdf climate change and nigerias sustainable development. Vision 2020 is expected to place nigeria in the comity of one of the developed 20 economies in the world by the year 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. 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. Foreign direct investment and the nigerian economy. 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. Country development cooperation strategy nigeria u. Evidence from national accounts 163 one of the vision objectives is to make the nigerian economy less oildependent and strengthen domestic industry.
In its 20152019 integrated country strategy, the u. This paper analyses the nexus between global competitiveness and the attainment of the vision 20. Vision 2020 select key changes that banks need to make in their goto market approach, starting with shortening their strategy cycles to months instead of years, getting better at reading signals of change in this disruptive environment, and becoming tactically focused on being. A recent effort initiated by the government in realizing national developmental goal in nigeria is the vision20. Pdf nigeria vision 2020 economic transformation plan. The framework also offers a blueprint for sustainable political development in nigeria. Fss 2020 clarify legal framework amending the central bank of nigeria act 1999 or other laws to clarify the finality of settlement. Out of the total population, about 39 percent are children aged below 15 years while adults constitute the remaining 61 per cent.
Financial system strategy 2020 fss 2020 international conference payment systems strategy. Nigeria is the most populous nation in africa and the 11th in the world. D abstract the paper discussed the status of the economy of nigeria currently. This paper examined the nexus between foreign direct investment fdi and the vision 2020 economic growth target of nigeria. According to nigeria vision 2020 2008, the national council on vision 2020 ncv2020 is the apex netherlands travel guide pdf free download body of. Our study hence concentrates on the two objectives. Vision 2020 economic community of west african states. By 2020 nigeria will be one of the 20 largest economies in the world, able to consolidate its. Vision 2010 is a projected economic plan for nigeria to improve economically. Federal republic of nigeria implementation of the sdgs a. The first step it is the product of consultation and collaborative effort, and build upon existing programmes and policies, amending or adding to them where necessary, to provide a framework within which we can realize the longterm vision of raising ghana in to the ranks of the middle.
Ergp economic recovery and growth plan nhis national health insurance scheme niimp national integrated infrastructure master plan nipc nigerian investment promotion commission nirp nigeria industrial revolution plan nirsal nigeria incentivebased risk sharing system for agricultural lending nnpc nigerian national petroleum company. Provide nigerians the opportunity to share their vision for a new nigeria. 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. In the creation of vision 2010, 248 members developed plans that would hopefully guide the country out of poverty and other of.
Nigeria is dramatically evolving towards an emerging economy and she is desirous of becoming one of the worlds twenty biggest economies by 2020. Vivid description of vision by the year 2020, our children laugh at us when we try and pay by cash. To serve as a vessel for the development of indigenous manpower and technology transfer acquisition in the petroleum industry as well as make nigeria a human resource centre for the west african subregion. Providing information and seeking suggestions on nv 20. 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.
Nigeria experience in development planning has been a failure. Nigerias vision 2020s intent is to position nigeria to become one of the top 20 economies in the world by. Pdf the nigerian government has put several economic tools into place to improve on the economic productivity of the nation. These social menace trigger off a worrisome sense of insecurity that challenge nigerias efforts towards national economic development and consequently its. For the 2020 report, the research process included gathering input from the technology vision external advisory board, a group comprising more than two dozen experienced individuals from the public and private sectors, academia, venture capital firms and entrepreneurial companies. Financial system strategy 2020 central bank of nigeria. Despite the barrage of economic policies by successive governments on the need to diversify nigerias gdp, there still persists. Nigeria payments system vision 2020 nationally utilised internationally recognised to facilitate by providing mechanisms for making and receiving payments with to the central bank, payment service providers and end users, extending the availability and usage to, banked and unbanked. Vision 2020 and buharis budget 2020 the sun nigeria. The economic transformation agenda, otherwise known as nigeria vision 20.
These committees are expected to provide information that will feed into the nv2020 plan. 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. During the vision period, nigeria should attain a controlled and manageable urban growth, and an improved urban economy to support poverty alleviation and creat employment. In 2009, the federal republic of nigeria set some ambitious objectives. After about nine months of intensive work by over 1,000 experts, the.
Yet after 37 years of independence, nigerians are unanimous in their conviction that the economic and political performance of their nation is far below her. Work in progress as at 261009 not for circulation introduction the nv 20. One of which was to become among the top 20 economies in terms of gdp size by 2020. 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.
900 65 1490 1043 811 1098 317 1409 339 628 68 19 1218 63 743 281 435 941 322 981 1293 709 352 227 855 68 567 1002 801 470 911 128