Investor Presentaiton
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interest to participate in the advertised Nigeria – Turkey BIF. During the visit,
three presentations were made by the Federal Ministry of Information and
Communications on the "Heart of Africa Project, by NIPC on the opportunities
and incentives that are abound in Nigeria, and by the Nigerian Embassy on
bilateral and Consular issues, between Nigeria and Turkey. A breakout session
was also held, to enable the businessmen of the two countries to discuss together,
on the possible areas of partnership. A number of companies and factories were
also visited by the Delegation and partnership possibilities discussed. Places of
historic interest were also visited.
Proposal on Public Private Partnership Promotion Project (p-5)
The Project is aimed at partnering with the private sector with a view to raise
funds for the Commission's numerous activities. The Executive Secretary along
with the Director and Deputy Director, Investment Promotion met with the
consultant Adam Smith Institute, Mathew Uzzell to discuss the proposal. The
institute is Britain's leading innovator of free market economic and social policies
and has played a key role in developing practical initiatives to inject choice and
competition into political services, extend personal freedom, reduce taxes, prune
back regulation, and cut Government waste. The Commission's partnership with
the institute is hinged on exploring avenues to access funds available at the
World Bank, DFID and the IFC. The Funds will be used to pursue the
Commissions mandate in improving the investment climate, investment
promotion, as well as capacity building for the Staff of the Commission..
Memorandum of Understanding Ceremony (MOU)
The Department facilitated the signing of MOU between Messr Guangzhou
Xinguang International Company and the Ogun State Government. The signing
ceremony took place on Monday, 26th March, 2007 in Abeokuta. As fallout of the
Sino-African Summit held in Beijing last year, the Chinese Government had
proposed to set up five free zones on the continent and as such Messer
Guangzhou Xinguang International Company was on fact finding mission to
explore the possibility of setting up one of the free trade zones designated fro
Africa. A 10,000 hectare site to house between 100-300 factories has been offered
by the Ogun State Government for the project. The project cost is estimated at
about US$500 million.
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Nigeria – Vietnam Chamber of Commerce, Signing of MOU:
The Commission has concluded all necessary arrangement with the Legal Unit
for the Commission to enter into MOU with the Nigeria Vietnam Chamber of
Commerce in promoting Investment between the two countries. The MOU was
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