Overview of Nigeria Vision 20: 2020
INTRODUCTION
Nigeria’s economic development blueprint is all about vision 20:20.
The vision 20:20 economic transformation blueprint is a long term plan for stimulating Nigeria’s economic growth and launching the country onto a path of sustained and rapid socio-economic development. The blueprint articulates Nigeria’s economic growth and development strategies for the eleven-year period between 2009 and 2020, and will be implemented using a series of medium term national development plans.
NV20:2020 is a rallying call for all Nigerians, regardless of ethnicity, economic status, or religion to unite and stand behind a common cause of placing the country firmly on a path of sustainable growth, and taking it to its rightful place in the comity of nations. The blueprint has, therefore, been designed to reflect accurately the collective interests of the people of Nigeria, using a bottom-up approach that is anchored on a deep understanding of the aspirations of all Nigerian citizens, and knowledge of the future needs of the country. The vision is underpinned by the need to effectively and efficiently mobilise the nation’s resources to serve and improve the lives of its citizens, and to respond appropriately to the growing challenges of an increasingly smaller, mutually dependent, and interconnected world.
NV20:2020 encapsulates the key principles and thrusts of the National Economic Empowerment and Development Strategy (NEEDS) and the Seven Point Agenda of the current democratic administration (2007 – 2011), situating both within a single, long term strategic planning perspective.
The development of the NV20:2020 blueprint commenced with the approval of the Framework for NV20:2020 at the apex of which was the National Council on NV20:2020 (NCV20:2020), by the Federal Executive Council. The NCV20:2020 was given the mandate to spearhead the development and implementation of the NV20:2020 Economic Transformation Plan, in collaboration with the National Planning
Nigeria’s economic development blueprint is all about vision 20:20.
The vision 20:20 economic transformation blueprint is a long term plan for stimulating Nigeria’s economic growth and launching the country onto a path of sustained and rapid socio-economic development. The blueprint articulates Nigeria’s economic growth and development strategies for the eleven-year period between 2009 and 2020, and will be implemented using a series of medium term national development plans.
NV20:2020 is a rallying call for all Nigerians, regardless of ethnicity, economic status, or religion to unite and stand behind a common cause of placing the country firmly on a path of sustainable growth, and taking it to its rightful place in the comity of nations. The blueprint has, therefore, been designed to reflect accurately the collective interests of the people of Nigeria, using a bottom-up approach that is anchored on a deep understanding of the aspirations of all Nigerian citizens, and knowledge of the future needs of the country. The vision is underpinned by the need to effectively and efficiently mobilise the nation’s resources to serve and improve the lives of its citizens, and to respond appropriately to the growing challenges of an increasingly smaller, mutually dependent, and interconnected world.
NV20:2020 encapsulates the key principles and thrusts of the National Economic Empowerment and Development Strategy (NEEDS) and the Seven Point Agenda of the current democratic administration (2007 – 2011), situating both within a single, long term strategic planning perspective.
The development of the NV20:2020 blueprint commenced with the approval of the Framework for NV20:2020 at the apex of which was the National Council on NV20:2020 (NCV20:2020), by the Federal Executive Council. The NCV20:2020 was given the mandate to spearhead the development and implementation of the NV20:2020 Economic Transformation Plan, in collaboration with the National Planning