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Report of the Vision 2020 National Technical Working Group On Minerals & Metals Development

Vision 2020 reflects Nigeria’s intent to become one of the top twenty economies in the world by the year 2020, with an overarching growth target of no less than $900 billion in GDP and a per capita income of no less than $4000 per annum. These targets are premised upon two key factors that are critical to realizing Nigeria’s potential as a leading nation in the immediate future:

  • Growth through the diversification of Nigeria’s economy by significantly increasing nonoil contribution to GDP; and
  • The empowerment of the Nigerian people by ensuring a balance between economic growth and social welfare

Nigeria’s minerals and metals sector is a key sector crucial to the successful execution of Government’s economic diversification strategy, and the attainment of the growth, wealth creation and poverty reduction goals of this vision. This blueprint outlines the path towards the rapid transformation of the minerals and metals sector, its emergence as a strategic catalyst of growth for the Nigerian economy, and its return to global relevance in the production of minerals and metals in a stable and sustainable manner. The overarching strategy for realizing this vision is anchored upon five strategic thrusts (“pillars of growth”) and two growth enablers.

Additional Info

Publication Year
2009
Language
English
Data Source Classification
Government Publication
Research Type
Secondary
Research Methodology
Secondary - OFFICIAL STATISTICS
Thematic Tags
Political, Formalization, Governance, Large-scale Mining, Supply Chains, Economic, Access to Markets, Export, Finance, Government Revenue, Income, Market Linkages, Value Addition, Social, Employment, Labor and Working Conditions, Livelihoods, Technological, Education and Training, Mine Life Cycle, Legal, Land Rights, Laws and Regulations, Licensing, Mineral Rights, Tax
Minerals
Gemstones, Gold
Region
Sub-Saharan Africa
Country
Nigeria
Last Updated
June 25, 2021