“By 2020 Nigeria will be one of the 20 largest economies in the world, able to consolidate its leadership role in Africa and establish itself as a significant player in the global economic and political arena.”

Concept
Nigeria

Nigeria

Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...

’s economic potential is well recognized. It is the biggest economy in the West African sub region. Given the country’s considerable resource endowment and coastal location there is potential for strong growth. Yet Nigeria has realized very little of this potential. Previous efforts at planning and visioning were not sustained. The history of economic stagnation, declining welfare and social instability, has undermined development for most of the past 30 years.

But in recent years, Nigeria

Nigeria

Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...

 has been experiencing a growth turnaround and conditions seem right for launching onto a path of sustained and rapid growth, justifying its ranking amongst the N11 countries. These are the countries identified by Goldman Sachs

Goldman Sachs

The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...

 to have the potential for attaining global competitiveness based on their economic and demographic settings and the foundation for reforms already laid.

The previous administration had declared the intention to pursue the vision of placing Nigeria among the 20 largest economies in the world by 2020 and the current administration is committed to the attainment of this vision.

The Business Support Group is an initiative of the Secretariat of the National Steering Committee of Vision 2020, which is intended to engender Private Sector support for the NV2020 process. The Business Support Group is headed by Alhaji (Dr) Umaru Mutallab

Umaru Mutallab

Alhaji Umaru Abdul Mutallab is a Nigerian business and banking leader, and former minister of Economic Development under the military government of Murtala Mohammed...

.

The key functions of the Business Support Group is to;

• Generate Publicity, public opinion and national buy-in.
• Mobilize Resources from the Private Sector
• Organize fund raising activities to support NV2020;
• Provide Technical and Financial support