Investor Presentaiton

THE NEW ADMINISTRATION & POLICY OBJECTIVES 1 Petrol subsidy removal 5 Thorough house cleaning at the CBN 2 Unified exchange rate 6 Low interest rates on business loans 3 Repatriation of profits. 4 Anti-investment & multiple tax policies . 7 Infrastructure development 80 Talk is cheap The President must be resolute about policy implementation Policy reforms must be accompanied with institutional reforms Sensitivity: MTN Internal Double electricity generation, transmission & distribution capacity 11

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