Transcript INTERACTIVE SESSION ON 2008 FISCAL STRATEGY

The Transformation Agenda as a Vehicle for
Achieving the Nigerian Vision 20:2020
by
Dr. Shamsuddeen Usman, OFR
Honourable Minister/Deputy Chairman
NATIONAL PLANNING COMMISSION
The Presidency
Delivered at the
17th Nigerian Economic Summit
THEME: Attracting Foreign Direct Investment through
Global Partnerships
10-12 November, 2011
National Planning Commission
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
strategic development plan aimed at:
medium-term
 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:
Polity:
Peaceful, harmonious and
a stable polity
Education:
Modern and vibrant
education system
which provides the
opportunity for
maximum potential,
adequate, and
competent
manpower
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
National
Aspirations
Infrastructure:
Adequate infrastructure
services that support the
full mobilisation of all
economic sectors
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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
Health:
Manufacturing:
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 diseases
A vibrant and globally
competitive manufacturing
sector that contributes
significantly to GDP with a
manufacturing value added
of not less than 40%
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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
people
Pillar 2: Optimising the Key Sources of Economic Growth
Pillar 3: Fostering Sustainable Social & Economic Dev.
Strong Foundation: Building Institutions
Transparency, Accountability
Policing System
Judicial System & Respect for Rule of Law
Security
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1.3 The Strategic Planning Framework for NV20:2020
MDGs
1st
2010 2011
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2012
NIP
2013
The
Government's
Transformation
Agenda
2014
NV20:2020
2015 2016 2017 2018
Annual Budget Cycle
2020
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1.4
The First National Implementation Plan (NIP)
 1st NIP aimed at accelerating development,
competitiveness and wealth creation

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Spans a 4 year horizon 2010 - 2013
Projected total investment of N32 trillion
Public sector - N19 trillion
Private sector - N13 trillion
 Key Policy Thrusts:
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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
2.0 The Government's Transformation Agenda
as a Vehicle for Achieving NV20:2020
- Key Goals
Strong, inclusive,
non-inflationary
growth
Employment
generation and
poverty alleviation
Value re-orientation
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• Promote the growth of the real sector
• Improve rural infrastructure
• Encourage large scale industries and SMEs
• Revitalise ailing industries
• Promote agriculture and agribusiness
• Encourage local content strategy
• ICT to be major driver of transformation
• Expand Tourism & Entertainment Industry
• Exploit private sector potentials for employment creation
• Focus investment in construction industry and public works, using
labor-intensive technique
• Provide safety-nets for the vulnerable groups
• Develop campaigns aimed at fighting corruption by the National
Orientation Agency
• Punish acts of corruption and reward exemplary behavior
• Support groups and NGOs that are involved in the fight against
corruption
• Include moral instruction and civic education in schools curricula
• Institute an incentive system that rewards hard work and sanctions
poor performance
• Engender a culture of leadership by example
• Ensure compliance by all citizens with the law, rules and regulations.
2.1 The Government's Transformation Agenda as a
Vehicle for Achieving NV20:2020 : Key Focal Areas
OUTCOMES
•JOBS, JOBS, JOBS
•POVERTY
ALLEVIATION
•BETTER
RESOURCE
MANAGEMENT
•ELIMINATION
OF
CORRUPTION
•SUSTAINED
ECONOMIC
DEVELOPMENT
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GOOD GOVERNANCE
Security of lives and property, Law and Order,
Anti-Corruption, Public Service Reforms,
Enabling Environment
INFRASTRUCTURE
Power/Energy; Roads, Rails, Water for irrigation and for
industries and ICT revolution
HUMAN CAPITAL DEVELOPMENT
Education, Healthcare Delivery, Skills Acquisition, Capacity
building, Achieving the MDGS
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2.2
The Government’s Transformation Agenda (TA)
as a Tool For Achieving NV20:2020
– Process & Progress
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
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3.0
Creating an Enabling Environment for NV20:2020 & the
Transformation Agenda
- Critical Priorities
 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
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4.0
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Ensuring Accountability:
Monitoring the NV20:2020 & the Transformation Agenda

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
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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 Consistency
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THANK YOU