Open AccessNigeria’s development process, methodology and milestones planned for VISION 20:2020 - 13 years after
Author(s) -
M.B. Hassan,
O. Omobuwa
Publication year - 2021
Language(s) - English
Resource type - Journals
ISSN - 2467-8252
DOI - 10.4314/rejhs.v9i2.9
Subject(s) - sine qua non , pace , private sector , productivity , government (linguistics) , welfare , process (computing) , market economy , economic growth , economics , political science , computer science , law , linguistics , philosophy , geodesy , geography , operating system
A private sector-led economy
Aprivate sector led economy is the sine qua non of an egalitarian, capitalistic and welfare oriented society where every individual is free to develop and contribute to the national economy at their own pace and the individual's reward based on their productivity. However, this is only achievable where infrastructural facilities and support are optimal a situation that has been lacking in the country due to high cost of production; unfavourable business environment; lack of skilled manpower in the country; lack of adequate financial support and others. Opportunity for the government to provide a lead was adequately enunciated in the Nigeria Vision 20:2020 document but this has really not been met. This review as part of a series actually confirms this and will be a pointer to the way forward in enunciating future policy directions for the country