Key outcomes will include a practical roadmap of relevant actions to make "Made-In-Nigeria" a lasting success for the country. Highlighting different short term, medium term and long term initiatives that need to be undertaken, the strategies needed to change orientation towards "Made-in-Nigeria", the partnerships and policies required to implement and get desired results, including potentials for exports. The Summit will also emphasize the strong need for execution and proper measurement of results on the part of all stakeholders.
Summit AgendaOctober 10th - 12th 2016
Monday October 10th
President Muhammadu Buhari Declares NES #22 Open.
Vote of Thanks – Mr Laoye Jaiyeola; CEO, NESG. Tour of ‘Made-In-Nigeria’ Galleria
|7:00am – 9:30am||Arrival and Registration of Delegates continues|
|10:00am – 10:05am||Arrival of President Muhammadu Buhari/ National Anthem|
|10:05am – 10:15am||Welcome Address – Mr. Kyari Bukar; Chairman, NESG|
|10:15am – 10:25am||Opening Remarks – Senator Udoma Udo Udoma; Minister for Budget & National Planning|
|10:25am – 10:45am||Keynote Presentation: State of the Nigerian Economy Dr Adedoyin Salami; Chairman, NESG Board Committee on Research and Publication|
|￼10:45am – 11:00am|
President Muhammadu Buhari Declares NES #22 Open
Tour of ‘Made-In-Nigeria’ Galleria
|11:00am – 11:15am||Tea Break|
|11:15am – 12:45pm|
Plenary I – Policy Dialogue on the Nigerian Economy
The Policy Dialogue on the Nigerian economy will provide an opportunity for managers of the economy to dialogue with Nigerians on policies and strategies required to spur recovery and growth in the short to medium term. Key themes will include: improving the state of the economy, reducing the cost of governance, entrenching the culture of “Made-In-Nigeria, improving the general security situation and imbedding accountability at all levels etc.
Zain Asher; Anchor, CNN International/Host, CNN Marketplace Africa
Kayode Akintemi; G.NEC Television Network
Chaired by His Excellency Prof. Yemi Osinbajo, Vice President of Nigeria
|12.45pm – 1:45pm||Lunch|
|1:45pm – 3:15pm||Plenary II – Breaking Through Macroeconomic Headwinds. |
A stable macroeconomic environment promotes productivity. In addition, well-coordinated fiscal and monetary policies affect economic growth because it supports aggregate demand. Uncertainty about the economic outlook driven by volatility in inflation, interest rates, exchange rates and balance of payments disequilibrium can dramatically reduce investments. When inflation is high, future prices are less certain so returns are less predictable and this reduces the willingness to invest. On the other hand, doubts about the management of public finances may cause potential investors to prefer short-term investments to longer-term ones that would have higher returns and more impact on productivity growth. Nigeria can no longer sustain its economy with a heavy reliance on a single export commodity and heavy dependence on imported goods and services. Recent oil price crashes also means budget revenues will continue to be squeezed.The government needs to think through new consistent and proactive macroeconomic measures that will break through the current headwinds and support Made-In-Nigeria products and services in a sustained manner and transition Nigeria into a more modern economy.
Moderator: Ms. Maggie Fick, West Africa Correspondent, Financial Times
|3:15pm – 3:45pm||Short Break|
|3:45pm – 5:45pm|
Plenary III: Underpinning Made-In-Nigeria on Technology and Innovation.
It is critical for our national development that we utilize our many talented people to advance our indigenous technology agenda. Just as nations with large populations like India, it is important that we raise national consciousness of the cascading effect of indigenous technology development as well as the tremendous job creation opportunities it may enable.
There needs to be a viable enabling environment and platforms to not only stimulate but also encourage and support the development of local technology innovation. There would need to be a renewed focus to identify and incubate the best and most practical innovative ideas that can then be unleashed and utilized to not only create a technological base to drive Made-In-Nigeria but also make us a net exporter of technology to the world.
Introduced by Dr. Ogbonnaya Onu; Minister for Science & Technology
Moderator: Mr. Kingsley Osadolor; Anchor, Good Morning Nigeria, NTA
|7:30pm – 9:30pm||Gala Dinner|
|9.00am – 10.30 am|
Plenary IV: A Roundtable with the Vice President on Job Creation, Skills and Employment
This Roundtable brings to the fore, one of the most critical issues in Nigeria’s socio-economic consciousness – National Job Creation Agenda. All stakeholders agree that a strategic factor for “Made in Nigeria” agenda is Job Creation, Skills and Employment. The impact of the economic downturn on the labour market, which necessitated a robust Federal Government Strategic Response, showed that of a total youth labour force of 38.2 million (representing 48.7% of total labour force in Nigeria of 78.48mn), a total of 15.2mn of them were either unemployed or underemployed in Q1 2016 representing a youth unemployment rate of 42.24%. Nigeria unemployment rate was recorded at 13.3% in second quarter of 2016, up from 12.1% in the three months to March, reaching the highest since 2009.
The Federal Government has stated that its philosophy of job creation is based on strong and sustainable collaboration with the private sector to create three million jobs in four key economic sectors in three years. The Strategic Framework and Implementation Plan on Job Creation and Youth Employment in Nigeria jointly developed by the Job Creation Unit in the Office of the Vice President with the support of the UK-Department for International Development and endorsed by the Nigerian Economic Summit Group conceptualises the roadmap for the delivery of new jobs in technology, wholesale and retail, construction and agro-allied sectors of the Nigerian economy. This year alone the plan foresees the creation of over 700,000 private sector jobs, majority of which are expected in the agro-allied sector. With private sector-led job creation, supported by direct creation of government jobs planned by the Buhari presidency including 500,000 teaching jobs for unemployed graduates, it is envisaged that the tide of unemployment will be reversed and turning into positive growth. As the Nigerian economy continues its definitive and decisive trajectory of diversification from Oil to Non-Oil based national revenue sources, the imperatives for defining national competencies and skills that Nigerian skills and jobs most excel in, creating the institutions that accelerate critical skills development requirements for “Made in Nigeria”, and sustainable market linkages and value chain alignments that link the Nigerian labour force with sector specific skills to the crucial jobs required for value creation activities. This challenge requires a multi-stakeholder approach building the essential synergies between Federal, State and Local Governments, leveraging government and private sector partnerships, facilitating private sector-led job creation.
Keynote Address: His Excellency Prof. Yemi Osinbajo, Vice President of Nigeria
Moderator: Ms. Kadaria Ahmed; Director, Daria Media Panellists
|10:30am – 11:00am||Tea/Coffee Break|
|11:00am – 12:30 pm|
The Situation Room: Parallel Insight Sessions
Parallel breakout sessions that promote deep interaction on specific ‘Made in Nigeria’ sectors, practical experiences and insights with a view to generating a conversation on quality, standards and changing stakeholders’ behaviour and attitudes.
Session 1: Manufacturing
Facilitator: Mrs. Lynda Quaynor
Session 2: Services
Facilitator: Ms. Maureen Ideozu
Session 3: Agro-Processing
Facilitator: Mr. Lanre Akinbo
Session 4: ICT
Facilitator: Mr. Uche Rowland, GM (Strategy), SCILS Management Center
Session 5: Creative Industry
Facilitator: Mr. Audu Maikori
Session 6: Micro & Small Enterprises
Facilitator: Mr. Biola Lawal
Session 7: Inventors & Innovators
`Mr. John Yisa-Doko
|1:00pm – 2:00pm||Lunch|
|2:00pm – 4:00pm|
Policy Commissions Parallel Sessions Breakout I:
Agriculture and Food Security Policy Commission “Made in Nigeria” – Growing What We Eat, and Eating What We Grow
Following the current down turn in the economy, it is clear that Nigeria can no longer afford to spend its usual $20 billion per annum to import several food items such as: Rice, Wheat, Sugar and Fish. Etc. Now more than ever we are required to look inward and harness the potential of our 30 million hectares of arable land mass. In addition, would be the requirement to grow what we eat and eat what we grow if Nigeria will transform its $20 billion per annum expenditure into national savings that can be redeployed to other public goods and services.
The session seeks to highlight the food commodities that Nigeria has the capacity to grow but currently imports such as Rice and Wheat and agree what needs to be done to enhance the entire value chain up to consumption level. Similarly, the breakout session seeks to catalyze a conversation about the general attitude of Nigerians to consuming foods grown/produced in Nigeria, as without this change, Nigeria will never stop its current food importation practice. Addressing this challenge will ultimately address the issue of food security and availability of raw materials to drive industry development.
Background Presentation: Mrs Kikelomo Longe; African Capital Alliance
Breakout II: Energy Policy Commission
Creating a “Made in Nigeria” Global Champion: The NLNG Story
Nigeria LNG Limited (NLNG) is truly a ‘Made in Nigeria’ Company with a world class performance. Prior to advent of LNG business in Nigeria, the government had spent millions of dollars from 1966 in an attempt to monetize flared gas in the country. Nigeria was among the top five gas flaring nations in the world, only second to Russia, in 1999, but today, with the coming on stream of NLNG, it has reduced to number five (5) in ranking with regards to total global gas flared. Nigeria LNG Limited has over $19 billion in assets, with a 6-train integrated plant complex, and 23 LNG ships (NLNG owns 13 Vessels, and has 10 Long term chartered vessels). The company is the fourth largest LNG producer in the world and has about 7% global market share. Nigeria LNG has generated revenue in excess of $90 billion since inception. The Federal Government rated 100 businesses contributing about 20% to the GDP in 2014, and Nigeria LNG Ltd was rated fourth among the first 100 business in Nigeria, and number one among the indigenous companies. The company contributed about 4% of the country’s GDP till 2014 when Nigerian economy was rebased (over 1% of the GDP as at 2015). Nigeria LNG has paid over $10 billion in tax and dividends to the Nigerian government. A truly ‘Made in Nigeria’ company with 100% Nigerian Management.
What are the lessons from the NLNG story that can be shared with other players in the energy sector especially our JV partners as Nigeria seeks to scale up her Nigerian Content Development in the sector to become competitive global players?
Background Presentation: Mr Tony Attah; CEO, Nigeria LNG Limited
Session Chair: Dr. Maikantu Baru; GMD, Nigerian National Petroleum Corporation
Breakout III: Sustainability Policy Commission
‘Made in Nigeria’ for a Greener Economy
As the recession bites harder, the Intentional Nationally Determined Contributions (INDC) 2015 can deliver approaches to create jobs and grow the economy with quick wins and long term returns on investments. Signed in November 2015 in Paris during the 21st Climate Change gathering in Paris, this policy opens windows for integrated and sustainability driven approaches to create millions of jobs. With a latent retail strength of $400bn annually (FAO 2012), Nigeria is potentially the top investment destination for Africa. The INDC presents an opportunity to unlock that potential rapidly not only for new and untapped opportunities, which could reverse the country’s negative growth but also to achieve a low carbon growth to halt the devastating effects of climate change, such as increasing flash floods, desert encroachment, social tensions, unmitigated gas flares and pollution in the Niger Delta.
Therefore, enhancing rain-fed agriculture, poor infrastructure, inadequate affordable homes, and poor distribution networks are all opportunities to deliver millions of jobs driven by the private sector with quick wins.
The projects to show case the concept as underscored above will have the following characteristics”
Special Guest: Mrs. Amina Mohammed; Minister of Environment
Background Presentation: Mr. Femi Oye; CEO, SME FUNDS
Session Chair: Christine K; Country Head, Heinrich Boll Foundation (Nigeria)
Breakout IV: Governance and Institutions Policy Commission
Governance and Institutional Reform Imperatives of “Made in Nigeria”
“Made in Nigeria” accentuates the public value and impact that country desires and deserves. It provides a viable strategic destination from the current economic crisis and demands a new impetus and drive to actualise its promise. This new strategic national imperative requires a new governance paradigm, a new public service philosophy, a new national development strategy driven by a new calibre of Government Executives, Public Managers and Civil Service. Simply stated, “Made in Nigeria” will not just happen, it must be co-created by deep collaboration between Government Institutions, Private Sector and Civil Sector, and it will not happen if Government fails to play its part. With the perennial challenges of failed reforms, weak institutions, overstated lack of capacity and many other negative factors militating against the emergence of a strong public sector and its many variegated institutions, the risk of “Made in Nigeria” Agenda failing before it starts is a real and eminent danger:
Success Factor: Dr. Tunji Olaopa, ISGPP
Session Chair: Dr. Ernest Ndukwe, Former Executive Vice-Chairman Nigerian Communications Commission
Breakout V: Human Capital Development Policy Commission
Strengthening Nigeria’s teacher-training and healthcare Institutions to produce “Made In Nigeria” professionals
The teaching profession in Nigeria is regarded as one of last resort. There are persistent challenges with the quality and impact of teacher training programmes, the perception of low wages and the poor image of teachers. The best minds are therefore not attracted to the teaching profession. The absence of a clear career path, well-structured professional development programmes for teachers and the lack of coordination and direction among government agencies further complicate the challenges facing teacher development in the country, and must be addressed in order to strengthen the effectiveness of Nigeria’s education system.
Similarly, the Nigerian health sector is in dire need of support. The population of Nigeria is estimated to be 180 million while the total number of doctors in Nigeria is less than 40,000. Training institutions however do not have the necessary facilities and capabilities to deliver well-trained and high quality medical/healthcare professionals in large numbers. Existing facilities are concurrently stretched. These factors contribute to brain drain, loss of foreign exchange and minimal investments in the sector.
This Session will seek to address how the government working with the private sector, can establish a coordinated central framework for teacher development and re-professionalize teaching in Nigeria. The session will also propose practical ways to address the human capital challenges by engaging relevant training institutions in the Education and Health sectors to reposition them for effectiveness.
Background Presentation: Mrs Nguyan Feese; Teacher Development Program
Session Chair: Dr Modupe Adefeso-Olateju; CEO, The Education Partnership Centre
Breakout VI: Infrastructure Policy Commission
Strategic Infrastructure – The Backbone to Drive Made in Nigeria
A nation’s economic and social infrastructure provides the backbone for growth, development and prosperity. The physical infrastructure, such as the transportation network (roads, railways, and aviation network), electricity network, sanitation network (waste and portable water reticulation) allow the efficient use of the factors of production in economic activity. Social infrastructure such as housing, healthcare systems, educational institutions, security services, enables increased productivity of the factors of production. As a result, Nigeria’s ability to grow its local production capacity and capabilities – Made in Nigeria – depend largely on the development and maintenance of strategic infrastructure to support it.
However, challenges persist in our entire infrastructure landscape which imposes huge costs on the economy. As we now place emphasis on promoting and encouraging ‘Made in Nigeria’, it is appropriate to situate it with the current state of our infrastructure. There is a National Integrated Infrastructure Master Plan that should be aligned to support ‘Made-In-Nigeria’. One approach would be to determine economic hubs and clusters that drive ‘Made in Nigeria’ in services, agriculture, manufacturing, etc. and ensure that there is a short to medium term Strategic Infrastructure Programme to scale up their competitive advantage.
Breakout VII: Real Sector Policy Commission
Harnessing the potential of the real sector to achieve sustainable production of “Made-in-Nigeria” goods and services, by addressing policy and infrastructure challenges.
Nigeria’s economy has been in near free – fall since the end of 2015, especially in the manufacturing sector which declined by 3.4% between 2015 and 2016 – for a myriad of acknowledged reasons. Despite the demonstrated potential of the real sector – manufacturing, solid minerals, transport/logistics, and THECS – tourism, hospitality, entertainment, creative industries, culture, and sports – as – a – business to significantly contribute to the exponential growth of Nigeria’s economy, and achieve the “Made – in – Nigeria” dream of Government, via innovation new revenue streams and jobs creation, the sector’s projected development has been consistently hindered by the twin challenges of inconsistent Government policies and weak infrastructure across all the relevant value chains.
This state of affairs is dangerously counter productive, considering that the key operators in the real sector of Nigeria’s economy are largely SMES, whether start – up or scale – up companies, and form the bulk of contributors to the national GDP – this constitutions the principal catalysts for achieving the “Made – in – Nigeria” target of the Federal Government.
Additionally, at all points in the real sector value chain, backward integration, as a primary driver for achieving “made – in – Nigeria”, is not boosted by identifiable Government policy at all tiers of Government – signposting a major policy gap that requires urgent remediation, complicated by huge deficits in hard and soft infrastructure.
Imperatively, addressing the evident infrastructure and policy deficits bedeviling the real sector will translate to diversifying Nigeria’s economy, driving innovation, creating millions of jobs, catalyzing export of services and manufactured products, creating new revenue streams, earning needed foreign exchange to drive down exchange rate fluctuation, sell Nigeria as African’s preferred investment destination, and, ultimately, achieve Government’s “Made – in – Nigeria” target earlier than anticipated, with the private sector as the pivot in the real sector value chain optimization.
Background Presentation: Mr. Bernard Orji, RSPC Champion
Session Chair: Mr. Niyi Yusuf; MD, Accenture Nigeria
Breakout VIII: Science and Technology Policy Commission
Developing Science and Technology to International Standards; “Made in Nigeria, Exports from Nigeria”
Science and Technology as well as ICT remain the backbone of growth and development in any country to be a knowledge driven economy. Closely linked to this are research & development, applied science and innovation that are required to promote manufacturing, fabrication and ultimately product development.
However, all of these prerequisites will remain un-actionable if issues of an enabling environment, capacity, skills and taxation are not dealt with in order to harness the potentials that Science and Technology can deliver in terms of economic growth.
This Session therefore aims to examine the central role that Science, Technology and Innovation can play in the context realization of “Made In Nigeria”. Also to seek practical solutions for optimizing Made In Nigeria to deliver value to the economy.
Best Practice Background Presentation: Mr. Kola Aina; Chief Executive Officer, Emerging Platforms Group
Session Chairs: Mr. Ayotunde Coker; Managing Director, Rack Centre Mr. Temitope Aladenusi; Partner, Deloitte West Africa
Breakout IX: SME, Financial Inclusion and Financial Markets Policy Commission
Driving SME Growth for Made in Nigeria Products & Services
SMEs are critical for economic and social development, as they play a vital role in creating jobs, economic growth, social stability and contributing to the development of a dynamic private sector.
There are currently over 17 million SMEs across all sectors of the Nigerian economy, contributing up to 60 million jobs and 48 per cent of the nation’s Gross Domestic Products (GDP) (National MSMEs Survey, 2013). These enterprises serve as the vehicle for poverty alleviation through employment generation and improved living standards, bringing about substantial local capital formation, enhanced level of productivity and capability in the country.
Many SMEs struggle and face significant challenges that fall in two broad categories:
Other constraints include:
Background Presentation: Dr. Mannesah Alagbaoso; Head Commercial Banking Africa for Standard Bank
Session Chair: Mr. Abiola Lawal; MD/CEO ExeQute Partners Inc.
Breakout X: Trade, Investment and Competitiveness Policy Commission
Made in Nigeria: A Strategic Imperative For Growing The Non-Oil Sector And Boosting Non-Oil Exports
Trade is the lifeblood of a nation. It is critical to economic stability and development. Expanding trade allows production inputs such as labour and capital to be used more efficiently, which raises overall productivity. The ‘Made-in-Nigeria’ initiative highlights the dire need to build the Nigerian brand and ensure that it penetrates the global space. It gives credence to the urgent need for Nigeria to increase domestic production and boost non-oil exports to revive its economy and reduce its dependence on petrodollars. For this to happen, competitiveness is key, and incentives may be required.
This session will take a critical look at the opportunities in growing the non-oil sector and boosting non-oil exports, challenges currently faced or likely to emerge, and how to go about addressing the challenges and maximising the opportunities. We will also try to establish timelines and monitoring and review mechanisms for relevant stakeholders.
Session Chair: Mr. Olufemi Boyede, President at Koinonia Global Services Inc. Canada
Background Presentation: Alhaji Mahmoud Isa-Dutse; Permanent Secretary, Federal Ministry of Finance
|4:00pm - 5:30pm|
Plenary V: National Assembly Business Environment Roundtable: Ensuring a Legislative Framework for Made-In-Nigeria.
The National Assembly Business Environment Roundtable (NASSBER) is a platform for the legislature and the private sector to deliberate on a framework that will improve Nigeria’s business environment through a review of relevant legislations and provisions of the Constitution. It is a partnership between the National Assembly, Nigerian Economic Summit Group, UK Department for International Development’s ENABLE II programme and Nigeria Bar Association – Section on Business Law. This Session will focus on the legislations that directly impact on the Made in Nigeria component of the business environment.
Background Presentation on NASSBER: Mr. Seni Adio, SAN
Moderator: Mrs. Ndidi Nwuneli; Co-Founder, AACE Foods and Member, NASSBER Steering Committee
|7:30pm – 9:30pm||Sponsored Events|
|9.00am – 10.30am|
￼Plenary VI: Mitigating the Impact of Crisis and Conflict
Over the past few years, the number and scale of conflicts, including major wars, has spiked after decades of decline, and as we continue to experience significant and rapid political, economic, social, technological and environmental shifts around the world, and here in Nigeria, the corresponding human security risks and threats will continue to rise.
Within the context of the “Made in Nigeria” Agenda, the potentialities of these threats and risks escalating into full blown humanitarian crisis and conflict, with significant implications for the Nigerian economy, makes this plenary on Crisis and Conflict, not just important, but a matter of urgency. Like never before, Nigerian leaders in all sectors must deepen their understanding of the triggers of crisis and conflict, expand their awareness of contexts and risks that could increase volatility with the geopolitical regions where they operate; from the insurgency in the North East, to the militancy in the Niger-Delta, to the Herdsmen-Settler Clashes along grazing routes, to the rise in crimes like kidnapping and armed robbery traumatises our populace, leaving in its wake destitution, misery, death and suffering.
Introduced by Mr. Fola Adeola, Founder & Chairman, FATE Foundation
Moderator: Mr. Patrick Okigbo III; Managing Partner, Nextier Consulting
|10:30am – 12:00 pm|
Plenary VII: Ease of Doing Business
Nigeria’s economic development depends largely on the ability of businesses, especially local businesses to thrive. However, a number of transactions are required to set up, operate, and even wind up, a business. These transactions are guided by rules put in place by the government through regulations for starting a business, dealing with construction permits, getting electricity, registering property, getting credit, paying taxes, trading across borders, enforcing contracts, regulating the labour market, etc. These regulations can in turn inhibit the ease of doing business and enable rent-seeking. This Session will discuss Nigeria’s doing business with an in-depth emphasis on Made-In-Nigeria businesses.
Sharing Experience: Mr. Francis Gatare, CEO Rwanda Development
|12:00pm -1:00pm||Presentation of Summit Summary to President Muhammadu Buhari|
|1:00pm – 1:10pm||Closing Address by President Muhammadu Buhari|
|1:10pm – 1.20pm||Vote of Thanks – Mrs. Fatima Mede, Permanent Secretary, Ministry of Budget & National Planning|
|1:20pm – 2:00pm||￼Media Briefings|