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Investor Presentaiton

1 Nigeria's core infrastructure stock level is significantly below the target benchmark level Total core infrastructure stock, 2012 % of GDP 58 88 47 35-40 87 76 70 70 80 Nigeria Brazil India China South Indo- Poland Africa nesia BRICS¹ 1 Excludes Russia SOURCE: ITF; GWI; IHS Global Insight; McKinsey Global Institute analysis Other emerging markets Benchmark ~70% 17
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