Investor Presentaiton

Ogun State Land Degradation Neutrality Project Nigeria Sovereign Investment Authority Project Objectives The main objective of the Project is transform 108,000 hectares of heavily degraded land to an arable green area, and create sustainable jobs. The vision is to develop replicable solutions to the known environmental issues in Nigeria. • The Project is primarily focused on three categories of land use: 。 Vegetation and biodiversity restoration о Communal farming land o Large scale cash crops commercial plantations Project Description " Ogun State Government, NSIA and Lafarge Africa signed a Memorandum of Understanding in September 2015 in the presence of the President. The project structure involves creating a land-trust that will hold 108,000 hectares for the benefit of Ogun State. NSIA and Lafarge committed €100,000 (2016) and €250,000 (2017) to develop and manage feasibility studies. The Project comprises three sub-projects: о A Waste to Energy Project о Expected developmental impacts includes food security, electrification, jobs creation and environmental improvements. A Land Degradation Neutrality Project о A Bio Fertiliser Project Market Drivers • Ogun State Land Degradation Neutrality Project is first of its kind in Nigeria. Once successfully implemented, the project structure can be replicated across other regions and will serve as an example as to how to address deforestation in Nigeria, There is strong local and international interest in the Project: о Ogun State and the Federal Ministry of Environment are involved in the development of the Project. о International development agencies and climate change funds including the EU, UNCCD and Mirova have indicated interest in funding feasibility studies. ○ National and international agriculture firms and funds have indicated interest in investing in the Projects once the feasibility studies are validated. 44

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