Investor Presentaiton
Continued Investment in ERGP Implementation
CapEx Nearly Doubled in Nominal Size and Share of Budget...
NBn, % of Total Expenditure
9,120
ERGP commitment to allocate at least 30% of annual budget to capital
expenditure to stimulate & support the economy, with focus on growth,
job creation, and infrastructure
7,441
32%
6,060
32%
4,493
16%
30%
2015
2016
2017
2018
■Non-CAPEX □ CAPEX
Greater spending on education and health
at the Sub-national level (States and Local
Governments), TETFUND and UBEC.
...With Increased Allocations to Priority Sectors
# Bn
800
700
600
500
400
300
200
100
0
Power, Works & Transport
Housing
Agriculture
Defence
Interior (including Education (not
Police) including UBEC)
Health
■2015 2016 2017 2018
•
ERGP Focus Labs
Mobilizing private investments to grow the economy
• Aim to unlock US$ 22.5 billion of private investments by 2020 across various
sectors of the economy:
- Agriculture: US$ 1.2 billion
- Transportation: US$ 3.5 billion
Manufacturing: US$ 5.9 billion
-
Solid Minerals: US$ 3.3 billion
Gas: US$ 2.0 billion
Power: US$ 6.5 billion
Target creation of 514k jobs by 2020
• US$ 10.9 billion of the investment categorized as 'most ready' to go
• Several quick wins/early successes recorded
• Cumulative investments from first phase of Labs could reach US$ 39.2
billion by 2025
⚫ Ministerial Delivery Units set up in the six Ministries (Agriculture, Transport,
Industry, Trade and Investment, Power, Works and Housing, Petroleum
Resources, and Mines and Steel Development) to work closely with MBNP in the
implementation of the Lab outcomes
Source: Budget Office of the Federation, Ministry of Budget and National Planning;
8
Reform Implementation and Key InitiativesView entire presentation