Nigerian government’s not-so-detailed medium-term economic plan

By | August 25, 2011

From NEXT:

Minister of Finance, Ngozi Okonjo-Iweala, said at her maiden media briefing yesterday in Abuja that though government was not discarding its blueprint for economic development captured under the Vision 20-2020 and the Transforming Nigeria document, government has identified some key sectors that must be addressed to create the enabling environment for growth.

These include infrastructure development, with primary focus on completing important uncompleted projects (power, roads) and avoiding new ones that would be difficult to complete; security; agricultural development to ensure food security and job creation; manufacturing; housing and construction; entertainment industry support; education and health as well as promotion of investment in the oil and gas sector.

And debt to GDP:

She gave the country’s total debt stock at about $39.7 billion (about 20 percent of GDP), out of which about $34 billion, or about 17.5 percent of GDP, is accounted for by domestic debts, which translates to about N5.2 trillion and about $5.3 billion in external debts, or three percent of GDP.