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:
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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;
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