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Nigeria Vision 2020

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Shamsuddeen Usman
Chairman, National Steering Committee on Vision 2020
Assumed office
December 2008
Preceded bySanusi Daggash

“By 2020 Nigeria will be one of the 20 largest economies in the world able to consolidate its leadership role in Africa and establish itself as a significant player in the global economic and political arena.”[1]

Concept

Nigeria’s economic potential is well recognized. It is the biggest economy in the West African sub region. Given the country’s considerable resource endowment and coastal location there is potential for strong growth. Yet Nigeria has realized very little of this potential. Previous efforts at planning and visioning were not sustained. The history of economic stagnation, declining welfare and social instability, has undermined development for most of the past 30 years.

But in recent years, Nigeria has been experiencing a growth turnaround and conditions seem right for launching onto a path of sustained and rapid growth, justifying its ranking amongst the N11 countries. These are the countries identified by Goldman Sachs to have the potential for attaining global competitiveness based on their economic and demographic settings and the foundation for reforms already laid.

The previous administration had declared the intention to pursue the vision of placing Nigeria among the 20 largest economies in the world by 2020 and the current administration is committed to the attainment of this vision.[2]


Thematic Areas

The proposed thematic areas for the National Technical Working Groups (NTWGs) are as follows:

  • Agriculture & Food Security
  • Business Environment and Competitiveness
  • Corporate Governance
  • Culture, Tourism and National Re-Orientation
  • Education
  • Employment
  • Energy
  • Environment & Sustainable Devt.
  • Finance
  • Foreign Policy
  • Governance
  • Health
  • Housing
  • Human Development
  • ICT
  • Judiciary & the Rule of Law
  • Manufacturing
  • Media & Communications
  • Mining and Steel Development
  • Niger Delta & Regional Devt.
  • Political System
  • Science, Tech. & Innovation
  • Security
  • SMEs
  • Sports Development
  • Trade & Commerce
  • Transport
  • Urban & Rural Devt.
  • Water & Sanitation

Institutional Arrangement

The main organs responsible for the development of the Vision 2020 are;

1. The National Council on Vision 2020 is at the apex, providing leadership and direction to galvanize the whole nation, with the President as the Chairman.

2. The National Steering Committee consists of about 70 persons, drawn from the public and private sector, with responsibility for developing the Vision 2020 Implementation Guidelines, Monitoring and Evaluation (M&E) strategy, ensuring a bottom-up approach by which all key stakeholders, Ministries, Departments and Agencies (MDAs) as well as State, Local Government Areas (LGAs) are encouraged to prepare and implement their “component of the V2020”. The NSC will also develop a template for preparing the V2020 strategic plan.

3. National Technical Working Group will comprise 20-25 experts in specified thematic areas drawn from both public and private sectors with expertise and passion for the area. They will undertake specific studies or research work to provide data necessary for the working groups report.

4. The Stakeholder Development Committee includes State Governments, Federal Ministries, Departments and Agencies (MDAs) and other key institutions. The Nigeria Vision 2020 is a bottom-up strategic plan in which each major stakeholder group will prepare its V2020 thoughts and ideas based on the guidelines approved by the National Council. These Committees are expected to provide information that will feed into the NV2020 Plan.

The Economic Management Team will serve as Think-Tank to drive the visioning process. The Chairman and Vice Chairman of the EMT are members of the National Council and National Steering Committee on Vision 2020 as well as provide the vital link and feedback from both directions between the National Council and the National Steering Committee. They will therefore provide the vital link and feedback from both bodies.

Business Support Group

'" The Business Support Group is aimed at giving the Private Sector a chance to contribute to the visioning process of attaining Nigeria's potentials as one of the twenty largest economies in the world "'[3]


The Business Support Group is an initiative of the Secretariat of the National Steering Committee of Vision 2020, which is intended to engender Private Sector support for the NV2020 process. The Business Support Group is headed by alhaji (Dr) Umaru Mutallab.


The key functions of the Business Support Group is to;

  • Generate Publicity, public opinion and national buy-in.
  • Mobilize Resources from the Private Sector
  • Organize fund raising activities to support NV2020;
  • Provide Technical and Financial support

See Also

Reference