New Economic Legislation Underway -President Yar'Adua - Nigeria First

President Umaru Musa Yar'Adua has disclosed that his Administration will work in very close collaboration with the National Assembly to provide the legal framework required for the attainment of the goal of making Nigeria one of the twenty strongest economies in the world by the year 2020.

Speaking at an audience with the management team of Goldman Sachs International, on November 28 in Abuja President Yar'Adua said that relevant government agencies were already working on the preparation of the required bills for action by the National Assembly.

The President said that 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 under-development, 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." He said Full Story