Fibre optics and the end of slow internet in Nigeria
Internet modem.  Source: Stephen Phillips via Unsplash

Remember Vision 2020? 

It was an ambitious plan by former President Yar’Adua’s administration to make Nigeria one of the top 20 economies in the world. Everyone welcomed this vision which also aimed to increase the average life expectancy to 70 years, boost GDP to $900 billion and increase the broadband penetration rate to 76% by 2020. 

To achieve these, Nigeria had to transition to a knowledge-based economy, i.e. a greater proportion of jobs being created by thinking and manipulating information as opposed to crafting and moving objects. 

How did Vision 2020 go? Well, Nigeria is the 27th largest economy today, average life expectancy is 54 years, GDP is roughly $450 billion, and our broadband penetration rate stands at 40%

Nigeria still has work to do to be competitive in a world that is increasingly fueled by information and powered by knowledge. All that is not possible without access to a

This story is only available to Premium subscribers Subscribe or sign in to finish reading

Not ready to subscribe? Register to read a selection of free stories

Osato Guobadia

Osato Guobadia

Read Latest

What is Nigeria’s best chance at high economic growth?

PREMIUM - 05 OCT 2022

How do mini-grids provide electricity in cities?

PREMIUM - 04 OCT 2022

Pound getting pounded: What can Nigeria learn from the UK?

PREMIUM - 30 SEP 2022

Why Nigeria's population should matter to its next President

PREMIUM - 29 SEP 2022

Download our mobile app for a more immersive reading experience

Scan QR code
mobile download