Investor Presentaiton slide image

Investor Presentaiton

November, 2005. The Chairman of the Council, His Excellency the President, Chief Olusegun Obasanjo, GCFR, presided over the meeting. Council members that attended the second meeting include: Baroness Lynda Chalker (LC-Council's Coordinator), Alan Patricof (AP), Antony Burgmans (AB), Sam Jonah (SJ), Olivier Suinat (OS), Malcom Brinded (MB), Zafar Siddiqi (ZS), Felix Ohiwerei (FO), Umaru Muttalab (UM), Ndi Okere-Onyuike (DG-NSE) and Jim Ovia (JO). Bertrand Collomb, George Soros and Rudi Lamprechet gave their apologies. The meeting was also honored with the presence of key Government Ministers and CEOs of Federal Government agencies. (a) The Council Conclusions: ■ ■ ■ The council was pleased with the progress on the establishment of the One-Stop-Shop service in NIPC, and the planned launch of this initiative in early 2006; The presentations from Ministers and others had presented factual evidence of positive change in Nigeria in the fields of macro-economic stability, banking and finance, agriculture, solid minerals, security and anti-corruption; The Council noted with satisfaction the foundation laid for a new partnership between the Federal and Lagos State governments in the areas of security, sanitation and transportation, and real hope for improvement for the city and people of Lagos; Council noted with concern that despite the positive achievements in the field of energy supply by the Ministry of Power and Steel and the PHCN, the demand for power in Nigeria would continue to outstrip supply, thus diluting some of the positive effects of other reforms on inward investment; That Nigeria still had to find a way to deliver affordable finance to the SME sector if this was to develop and grow, although it was accepted by the Council that no model existed elsewhere in the developed or developing world in which Nigeria could draw; 113
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