LINKAGE TO NIGERIA’S VISION 20: 2020 AND TRANSFORMATION AGENDA

Nigeria’s Vision (NV) 20: 2020 is a long-term plan – implemented using the medium term National Implementation Plans (NIPs) – for stimulating Nigeria’s economic growth and launching the country onto a path of sustained and rapid socio-economic development. The Vision aims to position Nigeria among the top 20 economies with a GDP of USD 900billion and per capita of USD 4,000 per annum by 2020.

The 1st NIP for the period 2010–13 articulates projects and programmes for the key sectors of the Nigerian economy and the critical policy priorities. It focuses on the development of physical infrastructure, human capital development, regional/geo-political zones development and knowledge-based economy, among other areas. The investment outlay for the 1st NIP is N32 trillion, of which the federal government, sub-national governments and the private sector will contribute N10 trillion, N9 trillion and N13 trillion respectively.

The Transformation Agenda was anchored on the pillars and specific targets of Nigeria NV 20: 2020. It is the medium-term economic transformation agenda for realising the Federal Government’s economic growth agenda for 2011–15. The Transformation Agenda focuses on four critical areas: physical infrastructure, human capital development, governance and the real sector.

Inspired and guided by the national aspirations and fundamentals of the NV 20: 2020 and the Transformation Agenda, the NIIMP is a long-term plan that specifically focuses on bridging the infrastructure gap that impedes the goals that the 1st NIP and Transformation Agenda seek to achieve, and expanding infrastructure to meet the needs of the economy. It provides a longer term perspective on infrastructure planning for the Federal and Sub-National Governments as well as the private sector. The projects contained in the 1st NIP and the Transformation Agenda were rationalised and aligned with longer-term goals and targets for

infrastructure development. This gave rise to priority projects for implementation during the first 5 years (2014–18) of the NIIMP.

The NIIMP covers the asset classes commonly referred to as ‘core infrastructure’ (Transport, Energy, ICT and Water) and others (Agriculture, Mining, Social Infrastructure, Housing, Vital Registration and Security) called ‘non-core infrastructure’. In this plan, infrastructure refers to fixed assets with a long lifetime. It does not include equipment, personnel, etc. For each asset class, a definition of what are considered in scope and out of scope has been developed for the plan.