Economic Transformation Blueprint
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Critical Capability Requirements
What Will Nigeria Do Differently?: Making the Vision a Reality through Legislation and Improved Monitoring NV20:2020 is a politically-neutral intent by the Nigerian people to “….harness the resources of the nation and promote national prosperity, and an efficient, dynamic, and self-reliant economy”, as stated in our Constitution. Having defined the overall vision and targets for our country, the next step is to institute a legal framework to ensure the delivery of the NV 20:2020. In addition to strong implementation, monitoring and evaluation which would include reforming the National Planning Commission, the civil service, and other agencies responsible for delivering the NV20:2020, the legislation would compel all tiers of government to have a multi-year development plan and implement the programme right through the cycle. The proposed Vision 20:2020 Bill of the Federal Government of Nigeria, otherwise known as The Nigerian National Development Plan Act, proposes to have serious punitive consequences for non-compliance. Consequences will include prohibition from access to the Federation Account and other consolidated revenues. In addition to the Vision 20:2020 bill, another other proposed legislation is the Bill for Project Implementation Continuity Act (PICA). To correct the trend of several uncompleted white-elephant projects across the country, and the practice of having several capital programmes and initiatives whimsically discarded by new political administrations, the PICA proposes to halt such conduct and abuses by criminalising the violation of the Act. The PICA will have legal sanctions for shortcomings, for remissness, negligence, and for criminal responsibility for deliberate sabotage or delay. The three prongs of a stronger implementation and monitoring institution, a legal backing to the Vision, and adequate sanctions for non-compliance, in addition to the collective goodwill of our people are the differentiating factors that would ensure we translate our Vision into reality for the next generation. Further to the ratification of this NV20:2020 Economic Transformation Blueprint, the next step will be to cascade this long-term aspiration into 3 sets of medium-term economic development strategies or plans that would serve as a guide to the nation’s annual budgets. The three-year development strategies will provide detailed roadmaps and implementation milestones on how Nigeria will execute the grand plans contained in this document. In this direction and as a mark of commitment, the Government, through the National Planning Commission, has already commenced the development of the First Implementation Plan (2010-2012) of the NV20:2020 blueprint. Working together with the ministries, agencies, and the private sector, the actualisation of the First Implementation Plan will sustain the momentum the Nigerian people have put into the development of the NV20:2020 blueprint, and make our aspiration of being in the league of the Top 20 economies in the world by 2020 realisable. LIST OF ACRONYMS
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ANNEXES The visioning process involved active participation of a broad spectrum of Nigerians. Experts from various ministries, agencies, state and local governments, representatives from the private sector, as well as development consultants and non-governmental organisations all participated in developing the blueprint. The following Working Groups were constituted in the course of developing the NV20:2020 blueprint:
Each of the above-mentioned groups submitted reports to the National Planning Commission, as input to the visioning process27. The lists of NTWGs and SIGs are provided in annexes I and II respectively. Annex I: List of the National Technical Working Groups (NTWGs)  Annex II: List of the Special Interest Groups (SIG)  1 As at September 2009 2 2008 Global Trends in Sustainable Energy Report, prepared by the UN by New Energy Finance (NEF) consultancy(London) 3 World Population Prospects 2008 4 World Population Prospects, 2008 5 World Population Prospects, 2008 6 United Nations Population Division 7 GDP in USD at 2007 Current Prices. Data is from the World Bank’s World Development Indicators Report 2008. The CBN Statistical Handbook states Nigeria’s GDP at Current Basic Prices (N’ mill.) as 23, 842, 170.7 and Real GDP, calculated at 1990 Constant Basic Prices (N’ mill) at 674, 889 8 Source: Human Development Index Report 2007/2008 9 CBN, Microfinance Newsletter, Vol. 5, 2007 10 http://www.cenbank.org/supervision/Inst-MF.asp 11 Syminvest ( Microfinance Investment Intelligence) 12 CBN Microfinance news Letter, 2009 13 CBN Annual Report December 2008 14 2007 AGOA Report 15 US African Trade Profile 2009 16 US African Trade Profile 2009 17 CIA Factbook 18 NV20:2020 Macroeconomic Team Analysis (September 2009) 19 The Growth Report - Strategies for Sustained Growth and Inclusive Development, Commission on Growth and Development, World Bank, June 2008 20 Nigeria’s Transport Infrastructural Development: An Integral Part of The National Economic Empowerment and Development Strategy (NEEDS) By Oni, S. I. & Okanlawon, K. R., Department of Geography, University of Lagos, Akoka, Lagos. 21 United Nations 1987."Report of the World Commission on Environment and Development." General Assembly Resolution 42/187, 11 December 1987. Retrieved: 2007-04-12 22 Regional Development Planning in Nigeria: The General and Particular, M.O. Jelili, A.A. Adedibu and ‘Layi Egunjobi, 2008 23 Federal Republic of Nigeria 1975. The Third National Development Plan, 1975-80. Lagos: Federal Government Press 24 The Niger Delta Regional Development Master Plan, 2006. p. 103 25 The NBS needs to be effectively empowered with resources to enable effective support of the M&E system 26 The Bill was passed by the Senate on 18 February, 2009 27 The working papers are available on request at the National Planning Commission. |
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