Investor Presentaiton

Nigeria's Strategic Initiatives on Trade Nigeria's Trade Policy Trade Remedy Mechanism (TRM) The present administration approved the establishment of Nigerian Office for Trade Negotiations (NOTN) to coordinate various trade agreements and negotiations as well as assist in achieving coherence in trade policies. In view of its mandate, in Sept 2018 Nigeria called for nation-wide inputs for a "21st Century Trade Policy for Nigeria - A welfare and Prosperity Agenda for that Works for All" • Establishing a Trade Remedy Mechanism (TRM) in accordance with mandate of the NOTN and the African Continental Free Trade Agreement (AfCFTA) consultations and sensitization exercise. A TRM has been approved by the Economic Management Team and is embedded in the Executive Order and awaiting President Buhari's approval African Continental Free Trade Agreement Implementation of the WTO Trade Facilitation Agreement Nigerian Industrial Revolution Plan (NIRP) Trade Incentives • • • . • • • Signing of the Agreement establishing the African Continental Free Trade Area (AfCFTA) was completed in March 2018 and a consultation exercise was completed for stakeholders in the 6-geopolitical zones of Nigeria This has led to the emergence of a well-structured consultative mechanism with stakeholders, establishment of a Technical Working Group (TWG) on goods market access and Nigerian Coalition of Services Industry (working on Nigeria/ECOWAS services schedule) In 2017, Nigeria ratified the WTO Trade Facilitation Agreement (TFA). Nigeria believes that the implementation of the WTO TFA will reduce trade cost, improve competitiveness and integrate Nigeria into global value chains In October 2017, Nigeria launched the "National Trade Facilitation Road map: 2018-2022", providing guidance and direction to trade facilitation across the country as well as boost the Ease of Doing Business (EODB) in Nigeria In 2014, Nigeria launched a comprehensive Industrial Revolution Plan (NIRP) to accelerate investments in strategic sectors of the economy and increase industry sector contribution to GDP, create employment, increase domestic production and assist in enhancing areas Nigeria has comparative advantage The Plan is being implemented through Private Public Partnerships (PPP) to build sectors with specific value chains and action has been accelerated on Nigeria's SEZs Pioneer Status has now been reformed and applications can now be processed Export Expansion Grant - approved by the FEC and now boosting non-oil exports • Sector Specific Interventions in tomato, starch, sugar, textile, leather and garments Source: Ministry of Finance, Ministry of Budget and National Planning, Ministry of Industry, Trade and Investment. 15 Improving Business Environment

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