SUMMIT RECOMMENDATIONS: FAST TRACK TO BREAKTHROUGH

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Global Competitiveness – Where are we?

Recap of the Presidential Dialogue

Sector Specific Roadmaps

Strategies to attract FDIs in 2012

2012 Implementation Priorities

Conclusion

Outline

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142 Countries Nigeria Brazil Egypt South Africa

Turkey Indonesia

Overall GCI 127 53 94 50 59 46

Institutions 111 77 74 46 80 71

Infrastructure 135 64 75 62 51 76

Technological Readiness

106 54 95 76 55 94

Higher Education

114 57 107 73 74 69

Where are we ?

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Nigeria's Global Competitiveness Report (2009 – 2011)

2009(133)

2010 (139)

2011(142)

Overall Score 99 127 127

Institutions 102 121 111

Infrastructure 127 135 135

Technological Readiness 101 104 106

Higher Education and Training 113 118 114

Where are we ?

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

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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

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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

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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 sectorPassage and Implementation of PIBRenegotiate the fiscal terms of deep water PSCs

Infrastructure Investment Opportunities

Power Sector PrivatizationRail Privatization

Implementation Priorities for 2012

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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

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Strategies to attract FDI in 2012Co-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

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IF WE IMPLEMENT OUR PLANS…….

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

positioning - population

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GDP – US$460 million

GDP Per Capita – US$2,572

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GDP – US$902 billion

GDP Per Capita – US$4,411

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In ConclusionWe 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

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“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

THANK YOU!