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