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 17 th Nigerian Economic Summit THEME: Attracting Foreign Direct Investment through Global Partnerships November, 2011

National Planning Commission 2 Outline 1.0What is the Nigerian Vision 20:2020? 2.0The 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?

National Planning Commission 1.0What is the Nigerian Vision 20:2020? NV20:2020 is Nigeria's homegrown medium-term strategic development plan aimed at:  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 3

1.1NV20:2020 & National Aspirations Macro-Economy: 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 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 Polity: Peaceful, harmonious and a stable polity Health: 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 Manufacturing: A vibrant and globally competitive manufacturing sector that contributes significantly to GDP with a manufacturing value added of not less than 40% Education: Modern and vibrant education system which provides the opportunity for maximum potential, adequate, and competent manpower Infrastructure: Adequate infrastructure services that support the full mobilisation of all economic sectors National Aspirations 4 4

National Planning Commission 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

6 1.3 The Strategic Planning Framework for NV20: Annual Budget Cycle NV20:2020 MDGs The Government's Transformation Agenda 1 st NIP

National Planning Commission 1st NIP aimed at accelerating development, competitiveness and wealth creation  Spans a 4 year horizon  Projected total investment of N32 trillion  Public sector - N19 trillion  Private sector - N13 trillion Key Policy Thrusts:  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 The First National Implementation Plan (NIP)

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 Strong, inclusive, non-inflationary growth 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 Employment generation and poverty alleviation 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. Value re-orientation 2.0 The Government's Transformation Agenda as a Vehicle for Achieving NV20: Key Goals 8

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 OUTCOMES JOBS, JOBS, JOBS POVERTY ALLEVIATION BETTER RESOURCE MANAGEMENT ELIMINATION OF CORRUPTION SUSTAINED ECONOMIC DEVELOPMENT OUTCOMES JOBS, JOBS, JOBS POVERTY ALLEVIATION BETTER RESOURCE MANAGEMENT ELIMINATION OF CORRUPTION SUSTAINED ECONOMIC DEVELOPMENT 2.1 The Government's Transformation Agenda as a Vehicle for Achieving NV20:2020 : Key Focal Areas 9

National Planning Commission 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 Blueprint currently being finalised Comments & suggestion received from stakeholders are being incorporated To be launched shortly 2.2 The Government’s Transformation Agenda (TA) as a Tool For Achieving NV20:2020 – Process & Progress 10

National Planning Commission 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 3.0 Creating an Enabling Environment for NV20:2020 & the Transformation Agenda - Critical Priorities 11

National Planning Commission 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 Ensuring Accountability: Monitoring the NV20:2020 & the Transformation Agenda 12

National Planning Commission 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 13

National Planning Commission THANK YOU