The Transformation Agenda as a Vehicle for Achieving the Nigerian

Vision 20:2020

by

Dr. Shamsuddeen Usman, OFR

Honourable Minister/Deputy ChairmanNATIONAL PLANNING COMMISSION

The Presidency

Delivered at the

17th Nigerian Economic Summit

THEME: Attracting Foreign Direct Investment through Global Partnerships

10-12 November, 2011

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Outline

1.0 What is the Nigerian Vision 20:2020?

2.0 The Government's Transformation Agenda as a Vehicle for Achieving NV 20:2020 : Key Goals & Focal Areas

3.0 Creating an Enabling Environment for NV20:2020 & the Transformation Agenda : Critical Priorities

4.0 Ensuring Accountability: Monitoring the NV20:2020 &

the Transformation Agenda

5.0 Conclusion: What is the Difference This Time?

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1.0 What is the Nigerian Vision 20:2020? NV20:2020 is Nigeria's homegrown

medium-term strategic development plan aimed at: Re-positioning Nigeria among the top 20 economies

of the world by year 2020 Attaining a nominal GDP of not less than US$900

billion and a per capita GDP of not less than US$4,000 by 2020

Achieving the MDG related targets by 2015

Vision aimed at improving the wellbeing and quality of life of Nigerians: People as the fundamental reason for growth

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1.1 NV20:2020 & National Aspirations

Macro-Economy:A sound, stable and globally competitive economy with a GDP of not less than $900

billion and a per capita income of not less than

$4000 per annum

Agriculture: A modern technologically

enabled agricultural sector that fully exploits the vast agricultural resources of

the country, ensures national food security and

contributes to foreign exchange earnings

Polity:Peaceful, harmonious and

a stable polity

Health: A health sector that

supports and sustains life expectancy of not less

than 70 years and reduces to the barest minimum the burden of infectious and

other debilitating diseasesManufacturing: A vibrant and globally

competitive manufacturing sector that contributes

significantly to GDP with a manufacturing value added

of not less than 40%

Education: Modern and vibrant education system which provides the

opportunity for maximum potential,

adequate, and competent manpower

Infrastructure: Adequate infrastructure services that support the

full mobilisation of all economic sectors

NationalAspirations

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1.2 Strategic Framework – The House That Nigeria Built

Vision & National Aspirations

Macroeconomic Framework & Critical Policy Priorities

Sectoral Strategies

Pillar 1: Guaranteeing the Productivity & Well being of the

peoplePillar 2: Optimising the Key Sources of

Economic GrowthPillar 3: Fostering Sustainable Social &

Economic Dev.

Strong Foundation: Building InstitutionsTransparency, AccountabilityPolicing System Judicial System & Respect for Rule of LawSecurity

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1.3 The Strategic Planning Framework for NV20:2020

2010 2011 2012 2013 2014 2015 2016 2017 2018 2020

Annual Budget Cycle

NV20:2020

MDGs

The Government'sTransformati

on Agenda

1st NIP

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1st NIP aimed at accelerating development, competitiveness and wealth creation Spans a 4 year horizon 2010 - 2013 Projected total investment of N32 trillion Public sector - N19 trillion Private sector - N13 trillion

Key Policy Thrusts: Bridging the infrastructure gap Optimising the key sources of economic growth Building a productive and functional human

resource base Developing a knowledge-based economy Improving governance, security and law and order

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1.4 The First National Implementation Plan (NIP)

2.0 The Government's Transformation Agenda as a Vehicle for Achieving NV20:2020

- Key Goals

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OUTCOMES

•JOBS, JOBS, JOBS

•POVERTY ALLEVIATION

•BETTER RESOURCE

MANAGEMEN

T•ELIMINATION

OF CORRUPTION•SUSTAINED ECONOMIC

DEVELOPMEN

T

2.1 The Government's Transformation Agenda as a Vehicle for Achieving NV20:2020 : Key Focal Areas

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TA aimed at accelerating development, competitiveness and wealth creation

Subjected to extensive review by stakeholders

Mr. President’s Retreat with the Private Sector, May 2011

Mr. President’s Retreat for Ministers, Advisers & Perm. Secs. in July 2011

Guiding FGN annual budgets 2012-2015

Blueprint currently being finalised

Comments & suggestion received from stakeholders are being incorporated

To be launched shortly

2.2 The Government’s Transformation Agenda (TA) as a Tool For Achieving NV20:2020

– Process & Progress

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Accelerating investment in critical infrastructure

Investing in human capacity development

Deepening reforms in the public sector and delivery of social services

Fostering private sector powered non-oil growth & economic diversification

Fighting corruption

Addressing threats to national security

Fiscal discipline and decentralisation

Reducing the cost of governance

Reducing red tape and bureaucracy

Ensuring policy consistency, coherence & effective stakeholder consultation and coordination

3.0 Creating an Enabling Environment for NV20:2020 & the Transformation Agenda

- Critical Priorities

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Monitoring and Evaluation (M&E) Framework approved by FEC and NEC with National Planning Commission (NPC) as implementing and coordinating agency

M&E : an essential component for effective implementation of the NV20:2020 & the Transformation Agenda. It will:

engender evidence-based decision and policy making track performance and allow for self correction

It will also enable: Evidence-based decision and policy making Mr. President to hold Ministers and CEOs responsible for achieving set targets,

benchmarks and KPIs Ministers and CEOs in turn to set targets for subsidiary staff Ministers to track performance and report quarterly to FEC

Key Milestones: First National M&E report completed and presented to FEC and the Public Covers January to December 2010 Specific Key Performance Indicators (KPIs) at the outcome level set against the

target Score card for each of the Federal MDAs Sectoral targets/benchmarks against sectoral performance National M&E Report to be produced by the NPC quarterly Validation meeting with Federal MDAs and other Stakeholders on KPIs, August

2011 The States to be brought on board in 2012 Target to produce Annual Country Report from 2012

4.0 Ensuring Accountability: Monitoring the NV20:2020 & the Transformation Agenda

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5.0 Conclusion: What is the Difference This Time? Strong Political support:

Mr. President

The States

National Assembly

Development Planning and Projects Continuity Bill

Holistic, integrated, strategic National Assembly planning and strong

implementation

Broad focus on key policies, programmes and projects

Specific measurable targets and performance benchmarks with timelines as

key elements of a robust Monitoring and Evaluation (M&E) Performance

framework

The M & E as a pillar of Transparency and Accountability

Attention to building and strengthening institutions:

democracy and rule of law

security (especially the policing system)

value creation and addition

The 3Cs – Commitment, Continuity and Consistency13

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THANK YOU