SUBJECT: ECONOMICS
CLASS: SS3
DATE:
TERM: 2nd Term
RECOMMENDED BOOKS
• Amplified and Simplified Economics for SSS by Femi Longe
• Essential Economics for SSS for SSS by C E Ande
• SSCE Economics Past question pack.
WEEK FOUR
CURRENT ECONOMIC PLANS
CONTENT
• MEANING AND OBJECTIVE OF MILLENNIUM DEVELOPMENT GOAL
• MEANING AND OBJECTIVE OF NEEDS
• MEANING AND OBJECTIVE OF VISION 2020
The millennium development plans are eight international development goal that were
officially established following the millennium summit of the United Nations in 2000.
OBJECTIVE OF MDGs
Goal 1: Eradicate extreme poverty and hunger.
Target 1: Half of the population between 1990 -2015 whose income is less than one dollar a
day be reduced.
Target 2: Half of the population that suffers from hunger be reduced
GOAL 2: Achieve Universal Primary Education
Target 3: To ensure that by 2015 all children are enrolled and have completed primary
education.
GOAL 3: Promote gender equality and empower women
Target 4. Eliminate gender disparity in primary and secondary education, preferably by
2005 and to all levels of education not later than 2015.
GOAL 4 Reduce child mortality rate.
Target 5. Reduce by two-thirds between 1990 and 2015 the under five mortality rate.
GOAL 5. Improve maternal health.
Target 6. Reduce by three quarter between 1990 and 2015, the maternal mortality rate.
GOAL 6.Combat HIV/AIDS, malaria and other diseases.
Target 7. Have halted by 2015 and begun to reverse the spread of HIV/AIDS.
Target 8. Have halted by 2015 and begun to reverse the incidence of malaria and other
major diseases.
GOAL 7. Ensure environmental sustainability.
Target 9. Integrate the principles of sustainable development into country policies and
programmes and reverse the loss of environmental resources.
Target 10. Halve by 2015 the proportional of people without sustainable access to safe
drinking water.
Target 11.By 2020 to have achieved a significant improvement in the lives of at least 100
million slum dwellers.
GOAL 8. Develop a global partnership for development.
Target 12. Deal comprehensively with the debt problems of developing countries through
national and international measures in order to make debt sustainable in the long term.
Target 13. In cooperation with the private sector make available the benefits of new
technologies, especially information and communication.
NATIONAL ECONOMICS EMPOWERMENT AND DEVELOPMENT STRATEGIES ( NEEDS)
NEEDS is derived from the urgent requirement for value orientation, the objective of which
is to sound the message clearly that is not business as usual. Therefore the bedrock of
NEEDS is its vision of a Nigeria with a new set of values and principles which will facilitate
the achievements of national goals of wealth creation, employment generation and poverty
reduction.
OBJECTIVES OF NEEDS
NEEDS is therefore fashioning for Nigeria, a common ground for all economic agents to
interplay in a healthy and sustainable manner. The objectives are mainly in threefold;
1. Poverty Reduction
2. Employment Generation
3. Wealth Creation.
EVALUATION
1. State five objectives of millennium development goals.
2. State three objectives of NEEDS.
VISION 2020
It is stated in the document VISION 2020Economic Transformation blueprint (2009) that
by the year 2020, Nigeria would have a large, strong, diversified, sustainable and
competitive economy that effectively harnesses the talents and energies of its people and
responsibly exploits its natural endowments guarantee a high standards of living and
quality of life to its citizens. In order to achieved this according to the same vision
statement, a Gross Domestic Product of not less than &900 billion is required.
OBJECTIVES OF VISION 2020
1. The social dimension: It envisions an equal society that can sustain a life expectancy of
at least 70 years.
2. The economic dimension: It envisages a vibrant economy whose manufacturing sector
can contribute atleast 25% to Gross Domestic Product.
3. The institutional dimension: Expects a state democracy.
4. While the environmental dimension envisions effective management of our natural
environments. It is pretty clear from the objectives that the vision 2020 is a grandiose
adventure.
EVALUATION
1. Discuss vision 2020
2. Mention four objectives of vision 2020.
READING ASSIGNMENT
1. Essential Economics for SSS by C E Ande page 423-429.
2. Amplified and Simplified for SSS by Femi Longe
WEEKEND ASSIGNMENT
1. The objectives of NEEDs include all but ____ A. poverty reduction B. employment
generation C. wealth creation D. scarcity.
2. The life expectancy ratio stated in Vision 2020 is ____ A. 60years B. 87years C. 70years
D.50years.
3. The seven point agenda proposed to increase power and energy to ____ A. 60,000 MW
B. 100,000 MW C. 26000 MW D. 20000MW.
4. Which of the following is Millennium Goal (MDG)? A. Attracting foreign direct
investment B. Eradication of extreme poverty and hunger C. Increasing capital flows
through debt reduction D. To guarantee Africa’s renewal.
5. The seven point agenda includes all except ____ A. land reform B. food security C. mass
transportation. D. insecurity.
THEORY
1. Discuss the Millennium Development Goal.
2. Describe the Seven Point Agenda.
GENERAL EVALUATION
1. 2003 SSCE QUESTION OBJECTIVE AND THEORY
2. 2004 SSCE QUESTION OBJECTIVE AND THEORY
3. 2005 SSCE QUESTION OBJECTIVE AND THEORY
4. 2006 SSCE QUESTION OBJECTIVE AND THEORY
5. 2007 SSCE QUESTION OBJECTIVE AND THEORY
