Overview of Nigeria Vision 20: 2020

Topics: Economics, Economic development, Economic growth Pages: 12 (4369 words) Published: June 15, 2013
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 Commission. The visioning process involved active participation and input from a broad spectrum of Nigerians. Experts from various ministries, agencies, state and local governments, representatives from the private sector, as well as development consultants and non-governmental organisations, all participated in developing the blueprint. The effort was co-ordinated by the National Planning Commission, working with Messrs Accenture, a global management consulting firm. The visioning process commenced with the development of comprehensive strategic plans for each sector of the economy at the conclusion of detailed diagnostic assessments and visioning sessions. The country was analysed across 29 thematic areas for this purpose and the effort was delivered through 29 National Technical Working Groups (NTWGs), comprising leading experts on each thematic area. Each of the NTWGs submitted strategic plans that included sector specific visions, policy targets, objectives and priorities for their respective thematic areas and formulated strategies, initiatives and implementation plans. The rigorous strategy development effort, undertaken by the NTWGs, was also replicated in each state of the federation and each Ministry, Department and Agency (MDA) at the federal level, by Stakeholder Development Committees (SDCs) set up for this purpose. The development of strategic plans at the state and MDA levels, which involved the facilitation of several interactive SDC workshops across the six geopolitical zones of the country, was designed with a view to generate sufficient public dialogue and input into the process. The work of the NTWGs and SDCs was also complemented by twelve (12) Special Interest Groups (SIGs) to ensure that all relevant perspectives and stakeholders were included in the visioning process. The SIGs were made up of the Legislature, Judiciary, Media, Women, Youths, Traditional Rulers, Religious Groups, Security, Nigerians in Diaspora, Persons with Disability (PWD), Labour...
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