Investor Presentaiton

Oil and Agriculture Update Oil Significant increase in average YTD production Av. MBPD, as of Sept 2018 2.1 1.8 118 1.9 1.9 1.8 2015 2016 2017 1H2017 1H2018 2.15 I YTD2018 I T Agriculture Continued focus and investment in agriculture despite recent headwinds Agriculture Sectors as % of GDP 30 25 25 20 15 10 5- 0 2013 2014 2015 Agriculture total 2016 2017 1H2018 Crops - Livestock Sources: NNPC, National Bureau of Statistics, Ministry of Budget and National Planning. 9 Reform Implementation and Key Initiatives I . I I Average year to date production is lower than budgeted production level due to aging oil production infrastructure ¦ • Renewed emphasis on investment in production, refining and distribution capacity, as well as security, support goal of reaching 2.5mbpd by 2020 • Key legislation to attract investments to the Oil Sector being reviewed | I I | I I Over N55 billion so far disbursed to 250,000 farmers under the Anchor Borrower's scheme • Introduced a Presidential Fertilizer Initiative ('PFI') resulting in the revitalization of 14 fertilizer blending plants, with a total installed capacity in excess of 2 million metric tonnes per annum, thereby supporting many farmers nationwide. Nigeria's milled rice production increased from 2.5MT to about 4MT between 2015 and 2017 • Government is in the process of privatising 20 out of the 23 Strategic Grains Reserve Silos in the country, promoting effective management to ensure food security I I I I I I I I I I

View entire presentation