UN
Agency Ranks Nigerian Economy 19th In The World
Additional Report by Aliu Othman,
Abuja
The
United Nations Trade Conference and Development,
UNCTAD has ranked Nigeria’s economy 19th in the
world.
According to the world investment report by UNCTAD
this performance was attributed to interventions in
some sectors of the economy through Foreign Direct
Investments, DFI’s
Presenting the report in Abuja, the Executive
Secretary of the Nigerian Investment Promotion
Commission, NIPC, Mr Mustapha Bello also attributed
increase in the FDI into West Africa, to government
and individual company’s interventions.
Interpreting the report, he said, sectors like
agriculture, and extractive industries have remained
resilient in the face of the global economic melt
down.
The NIPC boss said that with necessary policies and
infrastructure in place, sectors like agriculture,
insurance, banking and pharmaceuticals would attract
huge investments in the nearest future.
Vision 20-2020 Document
In a related development, The launching of Nigeria's
Vision 20-2020 document has been shifted to October
15 to enable the National Vision Implementation
Committee conclude consultations.
Vision 20-2020 relates to Nigeria’s plan to become
one of the top largest economies in the world by
2020
The Minister of National Planning, Dr. Shamsudeen
Usman said at the end of the National Vision Council
meeting Chaired by Vice President Good-luck Jonathan
that the shift of the launch date from October1 was
to enable them consult with the National Assembly
and the state Governors as well as key stakeholders.
The Minister said the new vision provided for a new
framework with a detailed implementation strategy
and tentative legislations that will situate the
document on a legal framework.