achieving double digit growth rates and maintaining strong economic
fundamentals, including inflation, exchange and interest rates as well as
other monetary aggregates;
achievement of significant progress in economic diversification such as to
achieve an economic structure that is robust and consistent with the
goals of Nigeria Vision 20:2020;
stimulating the manufacturing sector and strengthening its linkage to the
agricultural and oil and gas sectors in order to realize its growth
potentials and serve effectively as a strong driver of growth;
raising the competiveness of the real sector to increase the demand for
Nigeria’s non-oil products and services;
deepening the financial sector and sustaining its stability to enable it
finance the real sector;
encouraging massive investments in infrastructure and human capital
and creating an enabling environment for domestic and private
investment; and
adopting pragmatic fiscal management and implementing appropriate
monetary, trade and debt management policies to support domestic
economic activities.
4.1.2 During the period under review, considerable progress was made in the areas
of growth of the economy. The overall growth of the economy in 2010 was
7.85% as compared with 6.7% and 6.0% in 2009 and 2008 respectively. The
major contributors to the improved GDP growth were oil and gas,
telecommunications, building and construction, and wholesale and retail
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