Nigeria's economic potential is well recognised . It is the biggest economy in the West Africa sub region. Given the country's considerable resource endowment and coastal location there is potential for strong growth.Yet Nigeria has realized 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 the most of the past 30 years.

But in recent years Nigeria has been experiencing a growth turn around and conditions seems right for launching onto a path of sustained and rapid growth, justifying its ranking among the N11 countries. These are countries identified by Goldman Sachs to have the potential for attaining global competitiveness based on their economic and demographic settings and foundation for reform 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.

Concepts for Vision 2020

A vision is a clear mental picture of the future which must represent a significant improvement on the current state. It however must be supported by a clear and realistic path to its realisation and requires consistent and sustained effort for its achievement.

Key Goals for Vision 2020

"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.”