When i was in primary school,what i heard then was VISION 2000,they later shifted it to VISION 2010 and then 2020,am sure they want to shift it again to VISION 2030 and on and on and on just like a roller coaster.This is what FELA ANIKULAPO KUTI calls Government Magic.

Outsource the management of the Nigerian economy please, bush , clinton can be called on, pay them $10M to either be core advisers or simply be president, we cannot continue like this,

damola1:

Outsource the management of the Nigerian economy please, bush , clinton can be called on, pay them $10M to either be core advisers or simply be president, we cannot continue like this,

I'm almost tempted to agree (after all we import almost everything we use in this country), but if we do so, how then can we ensure sustainable growth? No foreigner can understand, talkless of solve, our problems.

Rastamann:

Nigeria will be there by 3030! so make una relax.

At 3030, there will be a new "there" that Nigeria will still be far from except we change course now.

they should postpone is again may be to 2050

I wrote this a while ago it will help most people understand why


VISION 2020 what has Gold got to do with it


Vision 2020 is the development goals of President Goodluck Ebele Jonathan, to put the Nigerian economy amongst the top twenty economies of the world by the year 2020.This he believes could be achieved by massive infrastructural developments,so as to attract Foreign direct investments (FDI) to the Nigerian economy.
The Brentwood convention of 1944 put the United States dollar as the foreign reserve currency of all the different economies of the world.This agreement pegged all currencies in the world to the United States dollars based on its value to the United States gold reserves.This looked like a wonderful moment in the world because it made transactions between Nations easier, and as at then the US dollar was valued at $35 an ounce of gold.
Then came 1971, and President Richard Nixon of the United States, changed the rules of money and severed the dollar from its gold reserve, because the US economy couldn't meet its debts obligations, since its gold reserve was almost empty.

So rather than paying its creditors in gold based on the agreement of the Brentwood convention of 1948, the US government began paying in IOU coupons called bonds.This bond payments was based on the notion that as long as there is faith in the US government to meet its debts obligations, it could borrow all it wants to meet its financial spending of each year.

As bonds (debts) became the new export commodity of the US government, the price of gold began to steadily climb up, while the US dollar began a steady loss of its value.This gave birth to the coupling between the US dollar and gold, where as the price of gold increases the value of the US dollar decreases.

If the truth is to be told by our politicians the global meltdown started in the early months of the year 2000.So the price of gold began a steady rise from $251 an ounce to $ 900 an ounce by 2009, due to the lost of investor confidence that the US government can continue to print its way out of the debts problems, so creditors began to shy away from accepting US bonds as a means of payments.

The financial news was well managed by our politicians till the fall of the year 2007 when the measures used by the politicians to tackle the debts problem couldn't work, then all hell was let loose, and the Dow Jones came crashing which hard a rippling effects on all economies of the world.
As this began to happen all currencies in the world began a steady fall in value and this triggered a massive flow of foreign direct investments (FDIs) towards gold, taking the price of gold from a mere $251 dollars an ounce in the year 2000 to $1800 in the month of September 2011, with further rise to a possible $2866 an ounce by the year 2020, ironically this is the same year our President Goodluck Ebele Jonathan expects to achieve his goal of Nigeria being amongst the top twenty economies of the world.

The Goodluck Ebele Jonathan Lead government has started using the same formula President Richard Nixon of the United States government used during 1971 by exporting debts in the form of bonds by creating the Debt Management Office (DMO), to create bonds or rather IOUs and selling to creditors, so as to be able to finance his vision 2020 goals.

The recent recapitalization of the banks saw the Central bank of Nigeria creating money out of thin air by systematically using tax payers money to fund erring banks with the bank directors who caused the problems moving around freely and using every trick within the law to stay free.

Our so called state governors too have embraced, this formular of creating money out of thin air, to finance their various dreams, by creating so called state bonds.And the tax payer is made to bear the cost, of this expensive game, the people they think they voted for play.

The recent Euro-zone crisis, with Greece leading the way, and the debt ceiling of the US government hitting about $14 trillion dollars, will have a rippling effect, on the world's economy, and the flow of foreign direct investments (FDIs), causing a slow down of the world economy, and the eventual fall in the price of crude oil.

Lastly, the 2012 budget is bench marked at crude oil price selling at $75 per barrel.As we speak the Brent crude is about $78 per barrel and falling, due to a slow down of world economy, caused by the rippling effects of the eurozone and the inflow of foreign direct investments (FDIs) to gold.My question is how does President Goodluck Ebele Jonathan think he can achieve the vision 2020 with the stage set for much more economy uncertainties.Like all tall dreams of our politicians, Vision 2020 is certain to fail even from its take off point.

Be enlightened today


https://www.youtube.com/watch?v=uRSgy_wzfwA

https://www.youtube.com/watch?v=EzX4Dk0GoSA