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New Economic Legislation Coming Soon - Yar'AduaNew Economic Legislation Coming Soon - Yar'Adua
Vanguard
Ben Agande
29 Nov. 2007
A legal framework required for making Nigeria one of the 20 strongest economies in the world by 2020 is being worked out by the Federal Government.
President Yar'Adua told a delegation of Goldman Sachs International in his office that relevant agencies of government were already working on the preparation of the required bills for action by the National Assembly.
According to the President, the new legislation would further empower the private sector to serve as the primary engine of economic growth in Nigeria's economy.
He assured the team which was led by Mr. Richard Gnodde, Head of Goldman Sachs in Europe, Middle-East and Africa, that despite its present difficulties, Nigeria has all that it would require to become one of the most prosperous nations in the world.
"I am aware that given our current state of underdevelopment, achieving our 20-20-20 vision will be one of the economic miracles of this millennium but I also have no doubt in my mind that the goal is achievable.
"The prospects are there. The opportunities are there but so are the challenges which will task us. But I am confident that Nigeria will meet those challenges squarely and rise to become one of the twenty most developed economies by the year 2020," he said.
Copyright © 2007 Vanguard.
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