Economy of Nigeria

The Economy of Nigeria has turned a corner when compared to the 1980s or early nineties. But which reforms are being put in place to ensure the government realizes its Vision 2020 ideal? Vision 2020 aims to put Nigeria among the top twenty economies of the world by year 2020.

Economic reforms started under Obasanjo's administration is based on the National Economic Empowerment and Development Strategy or NEEDS. The government's objective includes making changes which reduces Nigeria's over dependence on oil revenues or helps sustain growth in the non oil sectors.

Another is privatisation of underperforming or poorly managed state enterprises and deregulations that encourage private participation in various economic sectors like Telecommunications and Power.

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The Economy of Nigeria reforms.

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