Investor Presentaiton

The Country and its institutions Business Organisation Labour and Social and Regulation Security Regulations The Nigerian Financial Services Industry Tax System Foreign Exchange Transactions Investment in Nigeria Accounting and Auditing Requirements Importation of Goods Exportation of Goods COVID-19 Economic and Fiscal Measures 1.2.3 New Partnership for Africa's Development (NEPAD) Nigeria is an active member of NEPAD, an agency of the AU whose main objective is to give impetus to Africa's development, by bridging existing gaps between Africa and the developed world. The main organs of the NEPAD are the Heads of State and Government Implementation Committee (HSIC) and the Steering Committee of NEPAD. The HSIC comprises 3 States per AU region, while the Steering Committee comprises the Personal Representatives of the NEPAD Heads of State and Government. NEPAD is structured into various task teams which are responsible for investigating priority areas such as: conflict prevention, management and resolution; political and economic governance; market access (i.e., promotion of intra-African trade and increased access to markets of industrialized countries); development of agriculture; development of human resources; and provision of key infrastructure to facilitate sub- regional and continental integration (e.g., information communication technology, energy, transport and water). 1.2.4 The Commonwealth Nigeria is a member of The Commonwealth together with the majority of other nations that once constituted the British Empire. 1.2.5 1.2.6 Organisation of Petroleum Exporting Countries (OPEC) OPEC is a permanent, inter-governmental organisation created at the Baghdad Conference on 10 to 14 September 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five founding members were later joined by eleven other Members: Qatar (1961 to 2019), Indonesia (1962-2008), Libya (1962), United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973 to 2019), Gabon (1975) Angola (2007), Equatorial Guinea (2017), and Congo (2018). OPEC's mission is to co-ordinate and unify the petroleum policies of Member Countries and ensure the stabilisation of oil prices in order to secure efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital to investors in the petroleum industry. Nigeria has remained a very active member of the oil cartel, since joining the organisation in 1971. Nigeria is the 10th largest producer of petroleum in the world, the 7th largest exporter and has the 10th largest proven reserves5 Other International Associations Nigeria is a member of the World Trade Organisation (WTO), which focuses on promoting free trade among nations. Nigeria is also a member of the United Nations (UN) and plays an active role in its peace-keeping activities globally. 5 2020 OPEC Annual Statistical Bulletin 9 Investment in Nigeria Guide - 8th Edition KPMG

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