Finland - Nigeria Business Seminar and Finance Workshop 10.12.2012

1. The Nigerian Investment
Environment - Opportunities
and Challenges.
Presentation By Engr. Dideolu
Falobi, FNSE, MIoD. On Dec 10,
2012 in Finland

2. • The Vice Minister, Foreign Trade of the
Kingdom of the Neitherlands, Simon
Smits, has said that the country will
double its investment in Nigeria from its
current €8billion in the coming years -
www.nigeriacommercetoday.com

3. Outline
• Country Profile
• Investment Opportunities
• Challenges

4. Country Profile
• Attained Nationhood
in 1914
• Became independent
in 1960
• Location: West Africa

5. Country Profile Contd.
• Population: 170,123,740(July 2012 Estimate
• Area: 923,768sq.m(Land - 98.6%, Water - 1.4%)
• Coastline: 853km
• Climate: Equitorial in the South, Tropical in the
Centre, Arid in the North

6. Country Profile Contd.
• Natural Resources: Crude Oil, Natural Gas, Gold,
Tin, Iron Ore, Coal, Limestone, Bitumen,
Bauxite, Talc, Gemstones
• Agricultural Products: Cocoa, Rubber, Cattle,
Cotton, Fish, Cassava, Palm Trees
• Arable Land Usage: 33.02%
• Literacy Level: 61.3%

7. Other Facts
• GDP Growth: 2009(7%), 2010(8%), 2011(7.4%)
• GDP in 2011: $247billion(65% of the Economy of West
Africa)
• 13th Largest Producer of Crude oil in the World
• 11th Highest Proven Reserves of Crude oil in the World
• 10th Highest Proven Reserves of Natural Gas in the
World

8. Investment Opportunities - Oil
& Gas
• Refineries
• Petrochemicals
• Oil Service & Pipelines
• Oil Prospecting & Exploitation

9. Investment Opportunities - Oil
& Gas Contd.
• Gas Gathering
• Gas Distribution
• Manufacturing of Consumables
• Training and Consultancy

10. Investment Opportunities -
Power
• Privatisation
• Power Generation Plants
• Manufacturing of Power Equipment and
Accesories
• Training & Consultancy

11. Investment Opportunities -
Banking
• Mergers
• Acquisitions
• Organic/Greenfield Entry
• Training &Consultancy

12. Investment Opportunities -
Construction
• Housing, Hotel & Malls
• Roads & Bridges
• Dams
• Rail Transport Systems

13. Others
• Capital Market
• Industrialisation
• Steel and Aluminium industry
• Entertainment, arts, culture, music and
drama

14. Others contd....
• IT & Telecoms
• Water Transport
• Mining
• Education & Health

15. Challenges
• Integrity of the Judiciary & Security of
Agreements
• Security
• Corruption
• 419 Syndrome

16. Challenges Contd.
• Power Supply
• Infrastructures
• Access to, and high cost of Long term
Finance
• Manpower

17. Incentives & More Information
• Contact The Ministry of Trade and
Investments on www.fmti.gov.ng
• Contact The Nigerian Investment
Promotion Commission on
www.nipc.gov.ng

18. Caution
• ALWAYS CONSULT ONE OR ANY OF:
• FINPRO,
• NIPC,
• EMBASSY OF FINLAND IN NIGERIA AND
• NIGERIAN EMBASSY IN SWEDEN
• FOR ADVICE BEFORE YOU CONSUMATE
MAJOR INVESTMENTS, MERGERS OR
ACQUISITIONS

19. Words of Wisdom
• "Nigeria has the most attractive environment for
investment in Nigeria because Nigeria is a large
market in the continent; it is the second largest
economy in the continent. For me, while we say
the country's current investment climate could
be better in terms of providing electricity, access
to finance and other things, you should also look
at the huge opportunities for investment in
Nigeria" - Marie Francoise Marie-Nelly, Country
Director, World Bank, Nigeria.

20. Case Study - MTN
• Please read "FDI In Telecommunications,
The success of MTN IN Nigeria" by
Covadonga Velasco, Samy Belemi and
Wouter Belmans (See link below)

21. Case Study - MTN. Contd
• (http://www.google.fi/url?sa=t&source=w
eb&cd=4&ved=0CD8QFjAD&url=http%3
A%2F%2Ffaculty-
course.insead.edu%2Fdutt%2Femdc%2Fp
rojects%2FFinal%2520Report%2FFDI%25
20in%2520Telecommunications-
%2520MTN%2520Nigeria.doc&ei=lTbFU
Ke0OtGN4gSbiIBo&usg=AFQjCNGQL2W
6pRS52ejuJsPMaqDqgfMclQ)

22. Thank you
• Engr. DIDEOLU FALOBI, FNSE,MIoD
• Managing Director/CEO,
• Kresta Laurel Limited,
• 376, Ikorodu Road,
• Maryland, Lagos.
• Tel: +2348056121213, +2348035244004
• E-Mail:dideolu.falobi@krestalaurel.com
• www.krestalaurel.com