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Af DB on how nigeria can achieve vision 20

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According to the President, African Development Bank (AfDB), three things critical to Nigeria achieving its vision 20:2020 include infrastructural development, increased agricultural production and ...

According to the President, African Development Bank (AfDB), three things critical to Nigeria achieving its vision 20:2020 include infrastructural development, increased agricultural production and improved fiscal policy.

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Af DB on how nigeria can achieve vision 20 Af DB on how nigeria can achieve vision 20 Document Transcript

  • AfDB on how Nigeria can achieve Vision 20-2020. Investors, take note!Let’s hear it from the African Development Bank…AFRICAN Development Bank (AfDB) has affirmed that Nigeria’sachievement of Vision 20:2020 may remain a dream if challenges ofinfrastructure are not addressed early enough.Donald Kaberuka, President AfDB who spoke in Abuja recently said interalia, “I have carefully looked through the Vision 20:2020 programme,which will help Nigeria to become one of the top economies in the world,but to do so three things appear to be critical.1. The resolution of the questions on large bottleneck in infrastructure,all forms of infrastructure including energy, mass transit systems, roads,IT among others.2. That the economic growth in Nigeria reaches the majority of thepopulation and the best way to do it is to increase agriculturalproductivity and support to the small and medium size enterprises”.3. That the Federal Government continues to demonstrate fiscaldiscipline, especially in the management of oil revenue, national budgetand ensuring sound banking system as well as reduce dependence of theeconomy on oil and gas alone.Source: The Nigerian Guardian Newspapers.Last Word: These observations as noted by the President, AfDB point tothe direction of opportunities in the Nigerian emerging economy. Be wiseand act on it.Write to us if you need our help in navigating the Nigerian businessterrain. Email us on inquiry@ibgnigeria.com or call Ndudi Osakwe on+234 1 8782864. Rest assured of our prompt response.