Nigeria Abandons Vision 20:2020, Dreams Agenda 2050
Realising its inability to meet Vision 20:2020 goals years after the country embarked on an ambitious agenda to be among the top 20 economies in terms of GDP size, The President, Major General Muhammadu Buhari (retd.), on Wednesday inaugurated the national steering committee to oversee the development of the Nigeria Agenda 2050 and Medium-Term National Development Plan to succeed Vision 20:2020 and the Economic Recovery and Growth Plan, 2017 – 2020.
Mr Atedo Peterside and the Minister of Finance, Budget and National Planning, Zainab Ahmed, will jointly chair the committee for the development plan.
The Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed this in a statement titled “Agenda 2050: President Buhari inaugurates national steering committee, says new development plan will lift 100 million Nigerians out of poverty by 2030.”
“The main objectives of these successor plans are to lift 100 million Nigerians out of poverty within the next 10 years, particularly given the World Bank’s projection that Nigeria will become the world’s third most populous country by 2050 with over 400 million people,” the statement quoted Buhari as saying at the inauguration.
Buhari noted that it had become necessary to develop successor plans to the Nigeria Vision 20:2020 and the ERGP, in order to ensure continuity and efficiency in the country’s development planning.
He said the committee would oversee governance structure comprising the central working group and 26 technical working groups for the important national assignment.
The President added, “It is my expectation that the steering committee will oversee the execution of key deliverables, including recommending measures to ensure the continuous implementation of the plans even after the expiration of the tenure of successive administrations – including legislation, if required.
“Such legislation may introduce much-needed rigour and discipline to the nation’s development planning as well as institutionalise planned outcomes for the future. I trust that our partners in the National Assembly will support us in exploring these reforms.”
Buhari urged members of the committee not to lose sight of the important role Nigeria plays on the continent as well as in the global community.
Birthed by former President Olusegun Obasanjo, Nigeria’s Vision 20:2020 focuses on two broad objectives that include making efficient use of human and natural resources to achieve rapid economic growth; and to translate the economic growth into equitable social development for all citizens.
Nigeria has had two different administrations since the adoption of Vision 20:2020, each having its own economic growth plan. Under President Jonathan, the Transformation Agenda was the focus. With President Buhari, it is the Economic Recovery and Growth Plan (ERGP) and the focus seems to be squarely on the ERGP as opposed to the Vision 20:2020.