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4.3 20000 15000 10000 5000 0 ՏՈ China Japan Germany India UK VISION 20-2020 Korea Italy ДД Mexico France Russia Brazil Indonesia Canada Nigeria 2025 Turkey Iran Vietnam Pakistan Phillipines Nigeria Egypt Bangladesh The key goal for Vision 2020 is captured in the vision Statement as follows: 'By 2020 Nigeria will be one of the 20 largest economies in the world able to consolidate its leadership role in Africa and establish itself as a significant player in the global economic and political arena." 4.4 . ECONOMIC TARGET The 7-Point Agenda targets the following Proactively maintain competitive macro economic indices • Single digit inflation rate • Average GDP growth rate of 7% • Ensure stable exchange rate against major currencies Building and expanding economic infrastructure Generate 6,000MW of electricity by Dec 2009 4.5 - • • • Transmission and utilisation of 1.2bn std. cubic feet of gas in the domestic market (committed stop gas flaring) Maintenance of 30,000kms of roads, construction and rehabilitation of 3,293kms Increase rural infrastructure by 40% Increase the GDP of agriculture sector by 5% MACROECONOMIC ENVIRONMENT Central bank of Nigeria CBN reported the real Gross Domestic Product (GDP) grew. The major drivers of growth were agriculture, wholesale, retail trade and services, and an annual average of 6.6% over the period 2002-2006. The major factors that sustained the satisfactory level of GDP growth in 2006 included the conducive macroeconomic environment, 35

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