Presentation at the 2013 Democracy Day Celebration By Dr. Shamsuddeen Usman, CON Hon. Minister/Deputy Chairman National Planning Commission (NPC) The Presidency Wednesday, May 29, 2013 THE TRANSFORMATION AGENDA

Outline 1.0 Introduction 2.0 The Transformation Agenda (TA) 3.0 Why Review of the Transformation Agenda 4.0 Structure of the Report of the Review 5.0 Highlights of Major Findings on the Review 6.0 Conclusion 1.0 Introduction 2.0 The Transformation Agenda (TA) 3.0 Why Review of the Transformation Agenda 4.0 Structure of the Report of the Review 5.0 Highlights of Major Findings on the Review 6.0 Conclusion

NV20: st NIP 2011 Transformation Agenda (TA) April 2013 Review of the TA Nigeria’s Strategic Plan Timelines At a Glance 1.0 Introduction

4 1.0 Introduction (Cont’d) The strategic planning framework of the country is anchored on Nigeria’s Vision (NV)20:2020 -NV 20:2020 was developed in To be actualised through implementation of three medium term strategic plans:  1st NIP, 2010 – 2013  2 nd NIP, 2014 – 2017  3 rd NIP, 2018 – And the Transformation Agenda (TA), Overarching objective of NV20:2020 is for Nigeria to become one of the 20 largest economies in the world by 2020

ADEQUATE RESPONSE Delivery of Promises Key Challenges Rising Expectations OVERWHELMING MANDATE 1.0 Introduction (Cont’d)

6 2.0 The Transformation Agenda The Transformation Agenda (TA) demonstrates the desire and capacity to: - Transform our thinking, institutions, organizations and human capital TA: -Serves as Federal Government’s medium term development strategy to speed up Nigeria’s march towards the actualization of the NV20:2020 -Blueprint represents the key policies, programmes and projects of the Federal Government to be implemented during To consolidate the gains of the reforms of the last decade -Guides the annual budgetary preparation process

7 2.1 Pillars of the Transformation Agenda HUMAN CAPITAL DEVELOPMENT Education Health Labour and Productivity Women and Youth Development INFRASTRUCTURE Power Transport (Roads, Rail, Inland Waterways & Seaports) Housing Water for Irrigation and Industries REAL SECTOR Agriculture Manufacturing Oil & Gas Solid Minerals

8 2.2 Other Key Focal Areas of the Transformation Agenda

9 2.3 Key Deliverables of the TA - Macroeconomic Objectives A stable and strong macroeconomic environment that is investor friendly -For improved living standards for the generality of Nigerians. The key targets are: -A robust real GDP growth rate of 7.76% per annum over the period -Greater coordination and harmony between fiscal, trade and monetary policies; -Greater fiscal prudence and low inflation; -Reducing the ratio of recurrent to total expenditure to not more than 60 percent; -Sustained reduction in the unemployment rate

2.4 KEY SECTORAL DELIVERABLES (a)Governance Policies and programmes directed at addressing governance issues will focus on: -Deepening reforms in public service -Security, law and order -The legislature -Anti-corruption measures and institutions; -The judiciary -Economic coordination -Support for private investment. (b) Education Similar sectoral deliverables set in Education, Health, Agriculture, Oil & Gas, Power, etc 10

Monitoring the TA Monitoring and Evaluation (M&E) framework approved by Government Framework of M&E, as an essential vehicle for effective realisation of the TA objectives First and second Federal MDAs, report on M&E for 2010 and 2011 produced - Production of 2012 M&E report is at an advanced stage Performance management system (PMS)has been introduced at the Federal level - Mr. President signed performance contracts with Ministers in September Ministers are currently giving account of their stewardship for fiscal year 2012 at the weekly FEC meetings

Why Review the Transformation Agenda? Review provides a comprehensive appraisal of the first two years of this administration Global best practice is to review plans or strategic agendas midway Developments in the domestic and global economies -Recent slow down in performance of advanced nations -Volatility in international oil and commodity prices -Fundamental shifts in global petroleum industry Review to assess progress in implementation, against set, milestones and targets in the TA: -Taking stock and moving forward To chart delivery of electoral promises by Mr. President To make corrections, where necessary and chart the way forward

Structure of the Review Report The Report is a mid-term review of the Transformation Agenda -May 29, 2011 – May 29, Very comprehensive, covering all sectors of the economy Takes into account developments in: -Global economy - Macroeconomic framework -Policy initiatives, reform and strategies -Sectoral programmes & Projects -State Governments projects and programmes -Private sector investment and development Assistance flows to the country Review covers indepth analysis of all aspects of: -Nigeria’s basic development objectives and priorities, -Sectoral and global dimensions; and -Key gaps and challenges Explored the outlook and prospects for the second half of the Administration

4.0Structure of the Review Report The Mid-Term Report is structured into 18 chapters ChapterDescriptionChapterDescription Part One: Governance and DemocracyPart Two: Macroeconomic and Sectoral Performance Chapter 1Accountable Governance: The Key to Transformation Chapter 7Introduction Chapter 2Breathing Life into Nigeria’s Human Rights Commitments Chapter 8Macroeconomic Performance Chapter 3Executive - Legislature Relationship Chapter 9Key Reforms & Outcomes Chapter 4Corruption - Slaying the Dragon with the Rule of Law Chapter 10Good Governance Chapter 5Insecurity – Protecting the State from Terrorism and Insurgency Chapter 11Sustaining Economic Growth through the Productive Sectors Chapter 6Independent Judiciary and the Integrity of the Administration of Justice Chapter 12Provision of Quality & Affordable Infrastructure 14

4.0Structure of the Review Report The Mid-Term Report is structured into 18 chapters ChapterDescription Part Two: Macroeconomic and Sectoral Performance (Cont’d) Chapter 13Effective Human Capital & Social Development Chapter 14Ensuring Security & Safety for all Nigerians Chapter 15State Governments Chapter 16Private Sector & International Development Partners Chapter 17Outlook & Prospects for the Nation Chapter 18Conclusion 15

5.0Highlights of Major Findings on the Review Overall the mid-term review shows the Administration has made considerable progress in the last two years: -At the macroeconomic and sectoral levels Significant aspects of the targets of TA were attained The Nominal GDP grew from $ billion in 2010 to $ billion and $ billion in 2011 and 2012 respectively -Translated to an improved, global GDP ranking of the economy from 44 th position in 2010 to 36th position in

6.0Conclusion Government is committed to sustained implementation of the TA Highlights of the mid-term review show that significant progress has been made at macro, sectoral and institutional levels A number of challenges to tackle in the next two years Mr. President has promised to address the challenges and transform Nigeria Calling on all Nigerians to get on the Transformation Train 17

Thank You