 Nigeria's Vision 20:2020: a myth or a reality?Paul Akhalumeh African Journal of Economic and Sustainable Development, 2012, vol. 1, issue 2, 179-192 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. Keywords: Vision 20:2020; power generation; road networks; railway networks; resource allocation; Nigeria; economic development; infrastructure development; sustainable development; sustainability. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ajesde:v:1:y:2012:i:2:p:179-192 Access Statistics for this article More articles in African Journal of Economic and Sustainable Development from Inderscience Enterprises Ltd |
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