Investor Presentaiton

Nigerian Investment Promotion Commission Consolidated 2006-2008 Report. FOREWORD Modern business is hinged on infrastructural facilities like electric power, Transportation and modern Telecommunications. After a rather long but careful period of planning, the Nigerian government has started a process, which is akin to a revolution in these and other priority vital sectors that are widely known to be pivotal to growing the nation's economic base. Undoubtedly, Nigeria has experienced tremendous progress since the return of the country to democratic governance in 1999. This was made possible by government's resolve for progress, sound macroeconomic policies, a plethora of reforms within the context of the National Economic Empowerment and Development Strategy (NEEDS) initiative, the Millennium Development Goals (MDGs), and the implementation of the Policy Support Instrument (PSI) framework. Also, the Financial System Strategy (FSS) 2020 blueprint will be used in achieving these goals: developing and transforming Nigeria's financial sector into a growth catalyst and engineering Nigeria's evolution into an international financial centre The Administration of President Umaru Musa Yar'Adua was inaugurated in May 2007 and provided a strategic framework for the economic transformation of Nigeria within the framework of the 7-Point Agenda which focuses on the sectors that are critical to the sustainable development of the economy. The sectors include: Power and Energy, Food Security, Wealth Creation, Transport, Land Reforms, Human capital development and the Niger Delta and a strong passion to fight corruption in all its ramifications through upholding the sacredness of constitutional processes, democratic principles, rule of law, and respect for human rights, transparency, and accountability. Based on Government's desire to attain double digit growth rate in GDP as a prerequisite for achieving its long term development objective, Nigeria's FDI profile must be urgently raised. This became even more compelling when viewed against the option of external borrowing experimented and jettisoned with Nigeria's external debt exit. This leaves us with either stimulating domestic savings or pay greater attention on attracting FDI. It is against this background 1

View entire presentation