Lack of infrastructure as a challenge to the actualization of vision 2020 in nigeria abstract. We argued then that nigeria vision 202020 agenda is an attempt by the nigerian ruling class to hoodwink and deceive the. African centre for leadership, strategy and development centre lsd. Addressing nigerian development and the structure of the economy through education article pdf available december 2015 with 6,824 reads. Introduction the introduction of the regulatory and supervisory guidelines for microfinance banks mfbs in nigeria of 2005 marked a change in the nigerian microfinance landscape. Pdf nigeria vision 2020 economic transformation plan. Soda pdf merge tool allows you to combine two or more documents into a single pdf file for free. Governance and political system presidency introduction the proposed total investment for general administrat presidency is n283. This abridged version summarizes, in five sections, the focus, objectives, strategies. The news agency of nigeria reports that the vision is aimed at making nigeria to become one of the 20 economies in the world by year 2020. Nigeria should be the focus and centrepiece of nigerias foreign policy. It made some comparisons between nigeria and south africa, which revealed that. The part 1 of the document presents the strategic framework for the plan, which is premised on nigerias vision of becoming the.
We argued then that nigeria vision 202020 agenda is an attempt by the nigerian ruling class to hoodwink and deceive the people into believing that the state is striving to make nigeria to become one of the 20 largest economies in the world by 2020. Read, highlight, and take notes, across web, tablet, and phone. This is increasingly being recognized within the climate change technology transfer negotiations because according to the world development report 2010, the use of ict is predicted to reduce total greenhouse gases by 15 per cent by 2020. Lack of infrastructure as a challenge to the actualization. They indicate among others the current situation, challenges to be addressed, the objectives to be achieved, as well as, the strategies that will be employed to achieve the desired results. Alle ingediende geuploade gegevens worden na 1 uur verwijderd. Evidence from national accounts 163 one of the vision objectives is to make the nigerian economy less oildependent and strengthen domestic industry. Vision 2020 since its creation on 28 may 1975 the economic community of west african states ecowas has been promoting economic cooperation and regional integration as a tool for an accelerated development of the west african economy. One of the main objectives of vision 2020 is to place nigeria in the top 20 leading economies of the world by the year 2020. The nations foreign policy should be designed both in context and operational milieu to promote the objectives of vision 20. The critical infrastructure, human capital development. Merger control laws and regulations nigeria covers common issues in merger control laws and regulations including relevant authorities and legislation, notification and its impact on the transaction timetable, remedies, appeals and enforcement and substantive assessment in 55 jurisdictions.
A critical development planning perspective franklins a. In 2009, the federal republic of nigeria set some ambitious objectives. The impact of central bank of nigeria cashless policy in. This paper argues that infrastructural development is critical to achievement of the vision. It is a long term plan meant to stimulate nigerias economic growth and launch the country into a path of sustained and rapid socialeconomic development. The level of development and the index of renewable energy production as stated by the policy statement, the vision 20. Fss 2020 initiative 1 government payments by end 2009, all federal and state government supplier payments will be made electronically and directly into bank accounts held by the supplier.
This broad objective could however be decomposed into the following specific objectives. The central bank of nigeria should lead by example, and. These committees are expected to provide information that will feed into the nv2020 plan. Best online pdf merging tools smallpdf ilovepdf pdf merge combine pdf docupub merge pdf chrome extension pdf merge files chrome extension. She is endowed with vast human and natural resources, including oil and gas. Programme of action for the implementation of mediumterm development plan 19972000.
Fatai is the ceo of deloitte nigeria and the regional leader. Politicization of the national development planning commission ndpc has inhibited ghana. He has the herculean task of reversing fifty years of decay that exists at the heart of nigerias current development and security architecture. D abstract the paper discussed the status of the economy of nigeria currently. Despite the security challenges across the country, nigeria is meeting its target of being among the 20 largest economies in the world by the year 2020, also called vision 20. Nigerias foreign policy in 2020 should be very effective in advancing the national interest. Certain language in the isa has also led to some confusion as to when an asset sale will constitute a merger and, separately, whether a merger can be concluded by any means. Our study hence concentrates on the two objectives. The main objective of the study is to empirically examine the health sector in nigerias economic growth. Vision 2020 is expected to place nigeria in the comity of one of the developed 20 economies in the world by the year 2020. Nigeriaworld documents vision 2010 all about nigeria. Envision is a leading experiential education organization offering students the opportunity to explore their career and life interests while providing them with the leadership development skills and realworld experiences needed to succeed in todays competitive college and career landscape.
Newly elected nigerian president muhammadu buhari faces many challenges. During the vision period, nigeria should attain a controlled and manageable urban growth, and an improved urban economy to support poverty alleviation and creat employment. Report of the vision 2020 national technical working group on foreign policy. The pronouncement by the minister of national planning commission npc, dr. M chiadika school of engineering, delta state polytechnic, kuogwashiu. One of which was to become among the top 20 economies in terms of gdp size by 2020.
An evaluation of the epayment system vision2020 of the nigerian government and the nations banking sector richard aborisade, phd, mba department of sociological studies, tai solarin university of education, ijagun, ijebu ode, ogun state, nigeria abstract. Oct 02, 2009 the framework also offers a blueprint for sustainable political development in nigeria. Information and communication technology ict plays major roles in climate change mitigation and adaptation. Our pdf merger allows you to quickly combine multiple pdf files into one single pdf document, in just a few clicks. Merger control 2020 laws and regulations nigeria iclg. Learn about our summer programs for high school students. The study highlighted the importance of required infrastructures such as energy as a panacea to the realization of the objectives and goals of vision 2020 in nigeria. Nigeria witnessed an unprecedented wave of mergers and acquisitions in its banking sector in the post1995 and 2009 periods as a result of regulatory mandates issued by the central bank of nigeria, aimed at strengthening the capital base of nigerian banks. Then president umaru yaradua was interested in a document that could be the development roadmap for nigeria.
Merger, acquisition in nigeria, other african nations to. This paper argues that infrastructural development is. Governments have introduced development policy frameworks such as the first step 19962000 of the ghana vision 2020 and the poverty reduction strategies 20032009. Business environment and competitiveness in nigeria.
Aug 10, 2012 ambition to place nigeria among the worlds 20 biggest and strongest economies by 2020 is fast becoming a mirage as epileptic electricity supply is gradually constituting the greatest challenge facing the country towards realising the vision. Lack of infrastructure as a challenge to the actualization of. Vision 2020 is aligned with the goals of the national development plan ndp. Akpotu2 1department of political science, delta state university, abraka, nigeria. Provide nigerians the opportunity to share their vision for a new nigeria. Goldman sachs believes that only 2 countries in africa will overtake italy in gdp size by 2015 i. Yet after 37 years of independence, nigerians are unanimous in their conviction that the economic and political performance of their nation is far below her. Financial system strategy 2020 central bank of nigeria. The breakdown is reflected at the end of this chapter. Experience has shown that in many instances, counterparties to business combinations sometimes fail to evaluate the tax implications of the proposed business combination pre andpost the transaction. Report of the vision 2020 national technical working group on.
The first volume volume i contains three main parts. Much of the visual loss is avoidable with current knowledge and technology. Merger, acquisition in nigeria, other african nations to hit. Addressing nigerian development and the structure of the economy through education prof. Business environment and competitiveness in nigeria considerations for nigerias vision 2020 uwem essia department of economics, university of calabar, calabar, nigeria email. Combine pdfs in the order you want with the easiest pdf merger available. The findings reveal that the country does not have a national development agenda rather it has separate political parties.
Awili school of engineering, delta state polytechnic, ogwashiuku. To achieve this objective, nigeria would have to compete with nations like the united states, japan. Nigeria should borrow a leaf from the new civilisation of southeast asia, where purposeful leadership had inspired their people to change. This will be extended to cover local government departments by end 2010. Abdulhamid 2008 traced the history of the dream to a research conducted by economists at an american investment bank, a fallout of which was a prediction that nigeria would be in the league of 20 top economies by year 2025. Nigeria remains an important investment destination, accounting for 43% of deal volume and 64% of reported private equity deal value in west africa between 20102016 h1. Nigeria experience in development planning has been a failure. Abstract nigeria has long recognised and acknowledged the importance of ict to spur national development. Theoretical background cashless economy is not the complete absence of cash, it is an economic setting in which goods and services are bought and paid for through electronic media. To overcome the challenges highlighted above, the nigeria vision 20. The global transaction report obtained by sweetcrude indicated. The renewable energy master plan developed by the joint efforts of the energy commission of nigeria and united nations development programs were also appraised.
Otive igbuzor, executive director, african centre for leadership, strategy and development centre lsd, abuja, nigeria. Over the years, successive governments have experimented with myriads of development plans and strategies to accelerate the pace of development of ghana. After about nine months of intensive work by over 1,000 experts, the presidency yesterday unfolded the draft vision 20. Nigeria s quest to join the league of 20 industrialised nations by the year 2020 got a boost on friday, september 25, 2009 as the federal government unveiled a blueprint to attain this objective. Mar 28, 2017 the impact of the global decline in oil prices on nigeria s foreign exchange earnings and reserves, the resulting currency depreciation, a degree of regulatory uncertainty early in 2016, a decrease in home remittances by nigerians abroad and lingering forex liquidity challenges contributed to a discernible decrease in foreign direct and. The nigeria vision 2020 is a bottomup strategic plan in which each major stakeholder group will prepare its v2020 thoughts and ideas based on the guidelines approved by the national council. Financial system strategy 2020 6 after the brics, there is the next 11 or n11 countries, which have the potential to be bric like in the future as identified by goldman sachs one of which is nigeria. The impact of central bank of nigeria cashless policy in nigeria economy. Vision 2020 economic community of west african states. Nigerias quest to join the league of 20 industrialised nations by the year 2020 got a boost on friday, september 25, 2009 as the federal government unveiled a blueprint to attain this objective.
Shamsuddeen usman, that the realisation of the vision 20. Pdf merge combinejoin pdf files online for free soda pdf. Nigeria is the most populous nation in africa and the 11th in the world. The part 1 of the document presents the strategic framework for the plan, which is premised on nigeria s vision of becoming the. The ophthalmological society of nigeria strategic plan to preserve and restore vision vision for the futurenigeria is designed to encourage, enhance and coordinate.