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

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  • Paul Akhalumeh

Abstract

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
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