Nigeria Vision 2020

“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.”

The Nigeria Vision 20: 2020 is a perspective plan; an economic business plan intended to make Nigeria one of the top 20 economies by 2020, with a growth target of not less than $900 billion in GDP and a per capita of not less than $4,000 per annum. The three Pillars of the NV 20:2020 are i) guaranteeing the well-being and productivity of the people, ii) optimizing the key sources of economic growth and iii) fostering sustainable social and economic development.

NV 20:2020 is Nigeria’s second attempt at driving the attainment of her national aspirations using long term perspective plan. In addition to the first perspective plan (Vision 2010), several strategic planning efforts have been undertaken by the Federal Government in recent years. These efforts include the Poverty Strategy Reduction Papers (PSRPs), the National Economic Empowerment and Development Strategy (NEEDS I & II), Nigeria’s Strategy for attaining the Millennium Development Goals, and the Seven Point Agenda.

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


NEEDS is Nigeria’s home- grown poverty reduction strategy (PRSP). NEEDS builds on the earlier two-year effort to produce the interim PRSP (I-PRSP), and the wide consultative and participatory processes associated with it. NEEDS is not just a plan on paper, it is a plan on the ground and founded on a clear vision, sound values, and enduring principles. It is a medium term strategy (2003– 07) but which derives from the country’s long-term goals of poverty reduction, wealth creation, employment generation and value re-orientation.

NEEDS is a nationally coordinated framework of action in close collaboration with the State and Local governments (with their State Economic Empowerment and Development Strategy, SEEDS) and other stakeholders to consolidate on the achievements of the last four years (1999–2003) and build a solid foundation for the attainment of Nigeria’s long-term vision of becoming the largest and strongest African economy and a key player in the world economy.

Millennium Development Goals

The Millennium Development Goals (MDGs) are the eight international development goals that were established following the Millennium Summit of the United Nations in 2000, following the adoption of the United Nations Millennium Declaration. All 189 United Nations members

states at the time (there are 193 currently), and at least 23 international organizations, committed   to help achieve the following Millennium Development Goals by 2015:

  1. To eradicate extreme poverty and hunger
  2. To achieve universal primary education
  3. To promote gender equality and empower women
  4. To reduce child mortality
  5. To improve maternal health
  6. To combat HIV/AIDS, malaria, and other diseases
  7. To ensure environmental sustainability
  8. To develop a global partnership for development

Each goal has specific targets, and dates for achieving those targets. To accelerate progress, the G8 finance ministers agreed in June 2005 to provide enough funds to the World Bank, the International Monetary Fund (IMF) and the African Development Bank (AfDB) to cancel $40 to $55 billion in debt owed by members of the heavily indebted poor countries (HIPC) to allow them to redirect resources to programs for improving health and education and for alleviating poverty.

Critics of the MDGs complained of a lack of analysis and justification behind the chosen objectives, and the difficulty or lack of measurements for some goals and uneven progress, among others. Although developed countries’ aid for achieving the MDGs rose during the challenge period, more than half went for debt relief and much of the remainder going towards natural disaster relief and military aid, rather than further development.

As of 2013, progress towards the goals was uneven. Some countries achieved many goals, while others were not on track to realize any. A UN conference in September 2010 reviewed progress to date and concluded with the adoption of a global plan to achieve the eight goals by their target date. New commitments targeted women’s and children’s health, and new initiatives in the worldwide battle against poverty, hunger and disease.

Among the non-governmental organizations assisting were the United Nations Millennium Campaign, the Millennium Promise Alliance, Inc., the Global Poverty Project, the Micah Challenge, The Youth in Action EU Programme, “Cartoons in Action” video project and the 8 Visions of Hope global art project.


1.Briefly discuss the meaning of Millennium Develpoment  Goals (MDGs)

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