Quick Menu

Upcoming Journals

British Journal of Economics, Management & Trade

British Journal of Economics, Management & Trade, ISSN: 2278-098X,Vol.: 3, Issue.: 1 (January-March)


Nigeria Vision 20: 2020: A Reality or a Mirage


Onwuka Kevin Odulukwe1*

1Department of Economics, Nnamdi Azikiwe University, Awka, Nigeria.


Article Information


(1) Anonymous.


(1) Eugene Ezebilo, Swedish University of Agricultural Sciences, Sweden.

(2) John Polimeni, Albany College of Pharmacy and Health Sciences, USA.

Complete Peer review History: http://www.sciencedomain.org/review-history/890




Aims: The objective of this paper is to assess if Nigeria has achieved the path of economic development that will eventually lead to convergence and how long it will take her and at what rate she will be growing to reach her envisioned per capita income of $4,000 in the year 2020.
Research design: Nigeria aims to become one of the top twenty nations in the world in the year 2020. To know if Nigeria will achieve this we examine the per capita income and consumer price index difference between Nigeria and industrialized nations (UK, US, Germany, France and Japan) and newly emerging markets ( Malaysia, South Africa, South Korea, Singapore)
Place and Duration of Study: This study is centred on Nigeria and covers the period between 1960 and 2008.
Methodology: We utilise the Augmented Dick-Fuller test and modified Barro-type time series of cross section.
Results: The results showed that among the developed nations Nigeria can converge with USA and UK. While among the newly industrializing nations convergence is possible only with South Africa, South Korea and Malaysia. Also the results showed that Nigeria can catch-up with Germany, Japan, South Africa and Singapore in the long run. The Barro-type time series model yields evidence of conditional convergence in per capita income. The findings show that for Nigeria to attain the per capita income of $4,000 in the year 2020, she needs to be growing at 19.1% annually. If she is growing at the 2010 growth rate of 8 %, it will take her about 27years to attain the dreamed per capita income.
Conclusion: Nigeria is growing but the rate of growth is lower than it is expected to attain a targeted per capita income in the year 2020. In this regard, more support ought to be given to the manufacturing sector where most growth is expected to come from.


Keywords :

Nigeria vision; convergence; development status.


Full Article - PDF    Page 12-29    Article Metrics


DOI : 10.9734/BJEMT/2013/1868

Review History    Comments

Search this site

Advanced Search

Announcement & News

ISI Thomson Reuters selected British Journal of Pharmaceutical Research for Emerging Sources Citation Index

We are delighted to inform that ISI Thomson Reuters selected British Journal of Pharmaceutical Resea...

SCOPUS selected Annual Research & Review in Biology (ARRB)

We are delighted to inform that famous indexing organization SCOPUS (from Elsevier) selected  A...

Index Copernicus Evaluation Result Released

We are delighted to inform that Index Copernicus (a leading indexing organization from Pol...

Journal Repository (JR): Permanent Digital Archiving of SDI journals

SDI is happy to announce that all our journals are now permanently archived in Journal Repository (J...

SDI journal got 35th ranking in Publons

We are delighted to announce (as of 04/01/2016) that British Journal of Medicine and Medical Re...

Growth of SDI and world publication market

As of 2014, total 25,064 journals are competing in World market of journal publication. In 2011, tot...

Science (IF: 31) report confirmed the high standard of SDI journal

As per a recent report (Link) of Science journal (present Impact factor 31), one of our journal (Bri...

SDI introduced Post-publication peer review by its comment section

SDI journals encourage Post-publication peer review by its comment section   Policy details a...

SDI promotes transparent Advanced OPEN peer review

We have migrated to transparent and toughest ‘Advanced OPEN peer review’ system (...


  • No Awards listed.

Browser Compatibility : Mozila firefox, Google Crome and IE 7 & above. Creative Commons License Terms & Condition   |   Privacy Policy   |   Join Us   |   Help   |   Contact Us
© Copyright 2010-2018, SCIENCEDOMAIN international. All rights reserved.