S UMMIT R ECOMMENDATIONS : F AST TRACK TO B REAKTHROUGH.

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Presentation transcript:

S UMMIT R ECOMMENDATIONS : F AST TRACK TO B REAKTHROUGH

Global Competitiveness – Where are we? Recap of the Presidential Dialogue Sector Specific Roadmaps Strategies to attract FDIs in Implementation Priorities Conclusion Outline 2

142 Countries NigeriaBrazilEgyptSouth Africa TurkeyIndonesia Overall GCI Institutions Infrastructure Technological Readiness Higher Education Where are we ? 3

Nigeria's Global Competitiveness Report (2009 – 2011) 2009 (133) 2010 (139) 2011 (142) Overall Score99127 Institutions Infrastructure Technological Readiness Higher Education and Training Where are we ? 4

GDP – US$267 million GDP Per Capita – US$1,670 5

Recap of Presidential Dialogue Mr. President met with 6 global CEOs Key issues discussed: 1.Political & Security Risks 2.Lack of basic infrastructure 3.Fiscal prudence challenges 4.Attracting investors 5.Performance management of the economy 6

Sector Specific Roadmaps We acknowledge the quality of Sector Roadmaps presented by Power, Agriculture, Gas, ICT, Solid Minerals and Transport ministries These should serve as a standard to develop roadmaps for other sectors particularly education & health NESG and its membership can provide support in the development of sector roadmaps NESG can also play a role in identifying, supporting and facilitating private investment in the economy 7

Implement Job creation report Conduct a National Skills Needs Assessment to take advantage of our teeming youth population Fast track Oil Sector Reforms Deregulation of Downstream Petroleum sector Passage and Implementation of PIB Renegotiate the fiscal terms of deep water PSCs Infrastructure Investment Opportunities Power Sector Privatization Rail Privatization Implementation Priorities for

NESG sees a business case for a massive road infrastructure and investment program for the following reasons: Significant job creation Opens up the economy for the development of new towns Access to markets for farmers More efficient logistics for distribution of goods and services Safer movement of people Our prayer is to support government in assessing the feasibility of this initiative by Q1, 2012 Road Infrastructure Program 9

Strategies to attract FDI in 2012 Co-host sector and regional investor fora in-country for sectors with developed roadmaps NESG will partner with government agencies (Ministry of Trade and Investment (MTI), NIPC, etc.) in areas of agriculture and solid minerals Will target investors across the entire value chain Equip foreign missions to support the investment promotion process in partnership with MTI NESG will partner with MTI to provide visibility of investment opportunities in spite of risks 10

IF WE IMPLEMENT OUR PLANS……. 11

GDP – US$267 million GDP Per Capita – US$1,670 Size of ball – GDP/capita; Vertical positioning – GDP size; Horizontal positioning - population 12

GDP – US$460 million GDP Per Capita – US$2,572 13

GDP – US$902 billion GDP Per Capita – US$4,411 14

In Conclusion We acknowledge the efforts made by some ministries to design clear roadmaps for their sectors and the need to replicate this in other critical sectors A wide range of FDI opportunities have been identified to focus our implementation drive We need to learn how to market the fact that our opportunities far outweigh the risks involved We need to get the commitment of the civil service to translate plans to action 15

“ National interest should be at the heart of bilateral agreements ”… SLS “ Get into action mode, enough of planning” …NOI “Government must have the courage to do what is right and to keep doing the right thing”…GEJ “Mr. President, just do it”…NES #17 Final Charge 16

T HANK Y OU !