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Investment Opportunities in the Industrial Sector

Investment Opportunities in the Industrial Sector. H.E MR OLUSEGUN AGANGA Honorable Minister of Trade and Investment Federal Republic of Nigeria. July 2012. Where we are. Africa’s share of Global trade is 3%. Africa’s share of Global manufacturing value added (MVA) is 0.1%.

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Investment Opportunities in the Industrial Sector

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  1. Investment Opportunities in the Industrial Sector H.E MR OLUSEGUN AGANGA Honorable Minister of Trade and Investment Federal Republic of Nigeria July 2012

  2. Where we are • Africa’s share of Global trade is 3% • Africa’s share of Global manufacturing value added (MVA) is 0.1% • Africa is heavily dependent on imports Source: World Bank (2011) 2

  3. Projected African share of Global GDP • Low level of Manufacturing in the region has led to severe Industrial Balance of Trade Deficits. % Source: World Bank (2011) 3

  4. We have embarked upon a Nigerian Industrial Revolution Plan (NIRP)…

  5. Agriculture / Oil and Gas Over the past decade, Nigeria’s growth has been fuelled by strong performances of its non-oil sector Industry and other sectors x% CAGR 2000-11 Based on expected growth between 2010 and 2020 as predicted by Global Construction Perspectives and Oxford University 2010 publication Growth data calculated from Nigerian National Bureau of Statistics data

  6. Pillars of the NIRP Power, Financing, Local patronage, Substandard goods, Special economic zones, etc

  7. Additional NIRP sectors Initial NIRP focus Areas of focus: Based on competitive advantage 1 Includes processing of food and cash crops such as palm kernels, cocoa, sugar, tomatoes, rubber etc. 2. Excludes oil extraction and refining

  8. Benefits of Automobile Policy Reform

  9. The Automotive Industry Value Chain (Holistic approach)

  10. Petrochemicals example • The Ministry has a focus on the petrochemical industry to maximize the value chain and its contribution to not just government revenue but also GDP and employment. • Our target is to make Nigeria the petrochemical hub of Africa. • We are actively targeting investors in petrochemicals Fertilizers Oil and Gas Production Propylene Petrochemical Industry Ethylene Methanol Textiles Industry Automobile Industry Plastics Industry Chemical Pharmaceuticals

  11. Our overall aspiration is to increase Industry’s contribution from 4% to8% of GDP over the next 4 years Source: Global Insights, McKinsey analysis, Nigerian National Bureau of Statistics

  12. Thank You The opportunity is here and we are ready to welcome you.. 12

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