IDEAS home Printed from
   My bibliography  Save this article

Nigeria's Vision 20:2020: a myth or a reality?


  • Paul Akhalumeh


Nigeria aspires to be among the top 20 economies in the world come year 2020 - Vision 20:2020. This study examines the aspiration, encoded Vision 20:2020. The aim is to determine if the country has sufficient capacity to catapult its economy from its current 41st position to within 20 come year 2020. This study is relevant because it will show to policy makers how priorities should be set so as to be able to provide the basis for the take-off needed by the Nigerian economy. Data collection in this study was done using the secondary source. Data analysis is done using percentages. The study reveals that Nigerian economy is far too backward to aspire to be among the top 20 economies by year 2020; and that the Nigerian infrastructure is too deficient to be able to support the vision. It is therefore recommended that Nigeria should take urgent steps to upgrade its infrastructure to be able to take its pride of place, and that Nigeria should take concerted steps to build its institutions to be able to support sustainable development.

Suggested Citation

  • Paul Akhalumeh, 2012. "Nigeria's Vision 20:2020: a myth or a reality?," African Journal of Economic and Sustainable Development, Inderscience Enterprises Ltd, vol. 1(2), pages 179-192.
  • Handle: RePEc:ids:ajesde:v:1:y:2012:i:2:p:179-192

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ajesde:v:1:y:2012:i:2:p:179-192. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carmel O'Grady) The email address of this maintainer does not seem to be valid anymore. Please ask Carmel O'Grady to update the entry or send us the correct email address. General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.