Nigeria Vision 20:2020 Can Dream Become Reality? Evidence from National Accounts

Solomon Thomas, Marcin Brycz
2014 Journal of International Studies  
e Nigerian Government has used national perspective plans as an economic tool since independence. Unfortunately these plans are often irrelevant to the actual economic problems of the country. e latest economic plan is the 'Vision 20:2020' whose main goal is to bring Nigeria into top 20 biggest economies by the 2020. e Nigerian public as well as some Nigerian economists doubt whether government plan will succeed. e purpose of this study is to nd the true economic-growth determinants of national
more » ... minants of national economy structure. We use so-called SSVS procedure to nd to nd candidatevariable of the true growth model. Next we estimate simple OLS model to nd coefcient's signs of the variables obtained from SSVS procedure. We found that Vision 20:2020 plots a good direction for Nigerian economy, but Nigerian authorities should be alert on reforming public administration and government provided service.
doi:10.14254/2071-8330.2014/7-3/15 fatcat:weuxwmfikffixeurbkvp4s5dv4