Nigerian economic summit

10th-12th October 2016 Hilton Abuja

Summit Highlights

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 Agenda

October 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

TimeSession
7:00am – 9:30amArrival and Registration of Delegates continues
10:00am – 10:05amArrival of President Muhammadu Buhari/ National Anthem
10:05am – 10:15amWelcome Address – Mr. Kyari Bukar; Chairman, NESG
10:15am – 10:25amOpening Remarks – Senator Udoma Udo Udoma; Minister for Budget & National Planning
10:25am – 10:45amKeynote 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

National Anthem

 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.

Moderators

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

Supported by:

  • Senator Udoma Udo Udoma; Minster for Budget & National Planning
  • Mr. Okechukwu Enelamah; Minister for Industry, Trade & Investment
  • Chief Audu Ogbeh; Minister for Agriculture & Rural Development
  • H.E. Babatunde Fashola, SAN; Minister for Power, Works and Housing
  • H.E. Dr. Kaoyde Fayemi; Minister for Mines and Steel Development
12.45pm – 1:45pmLunch
1:45pm – 3:15pmPlenary 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

Panellists

  • Mrs. Zainab Ahmed; Minister of State for Budget & National Planning
  • Professor Osita Ogbu, Director, Institute of Development Studies
  • Mr Acha Leke; Senior Partner, McKinsey & Company
  • Mrs. Peju Adebajo; MD, Geocycle and Project Management Office, Lafarge
  • Dr. Andrew Nevin, Chief Economist, PriceWaterhouseCoopers Nigeria
 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

Panellists

  • H.E. Prof. Ben Ayade, Governor of Cross River State
  • Dr. Ernest Azudialu-Obiejesi, GMD/CEO, Obijackson Group
  • Mr. Ibrahim Boyi; CEO, Peugeot Automobile of Nigeria, Kaduna
  • Mr. Femi Oye; Founder, SMEFunds
  • Ms. Hauwa Yabani; CEO, Abuja Technology Village
  • Mr. Collins Onuegbu; CEO, Sasware Nigeria
7:30pm – 9:30pmGala Dinner
TimeSession
 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

  • His Excellency Ibikunle Amosun; Governor of Ogun State
  • His Excellency Willie Obiano; Governor of Anambra State
  • His Excellency Abubakar Bagudu; Governor of Kebbi State
  • Alhaji Aliko Dangote; President, Dangote Group
  • Mr Jay Ireland, President/CEO, General Electric Africa
 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

Discussion Leaders

  • Mr. Innocent Chukwuma; Chairman, INNOSON Group
  • Mr. Ahmed Jarma; CEO, Adama Foods & Beverages Ltd., Yola
  • Mr. Ama Okorie; Chairman, Amen Leather Ltd., Aba
  • Mr. Hamma Kwajafa; DG/CEO, Nigerian Textile Manufacturers Association

Facilitator: Mrs. Lynda Quaynor

 

Session 2: Services

Discussion Leaders

  • Mrs. Sally Mbanefo; DG, Nigerian Tourism Development Corporation
  • Mr. Sola Adekoya; CEO, Konga.com
  • Mrs Fola Laoye; Director, Hygeia Nigeria Ltd.
  • Mr. Adetokunbo Ogundeyin; GMD, O’la-kleen Nigeria Ltd.

Facilitator: Ms. Maureen Ideozu

 

Session 3: Agro-Processing

Discussion Leaders

  • Alhaji Garba Dandiga; Commissioner for Agriculture, Kebbi State
  • Mr. Chuks Ugwu; ED, Tara Agro Industries Ltd.
  • Dr. Olatunde Agbato; CEO, Animal Care Services Konsult Nigeria Ltd.
  • Mr. Seyi Abolaji , CEO, Wilson's Juice Co.

Facilitator: Mr. Lanre Akinbo

 

Session 4: ICT

Discussion Leaders

  • Mr. Leo-Stan Ekeh; CEO, Zinox Technologies Ltd.
  • Mr. Bosun Tijani; CEO, Co-Creation Hub Nigeria
  • Mr. Gossy Ukanwoke , Founder, BAU
  • Mr. Yusuf Kazaure, MD/CEO, Galaxy Backbone Ltd.

Facilitator: Mr. Uche Rowland, GM (Strategy), SCILS Management Center

 

Session 5: Creative Industry

Discussion Leaders

  • Mr. Oresegun Olumide; Artist/Painter
  • Mr. Eedris Abdulkarim; Musician/Songwriter
  • Mrs. Omoni Oboli; Actress/Filmmaker
  • Mrs Oke Maduewesi, CEO, Zaron Group

Facilitator: Mr. Audu Maikori

 

Session 6: Micro & Small Enterprises

Discussion Leaders

  • Dr. Godwin Ehigiamusoe; CEO, LAPO Microfinance Bank
  • Mr. William Otabil; Chairman, The BUY-NAIJA Project
  • Mr. Reuben Onwubiko; COO, Afrobeverages & Distillers, Aba
  • Mr. Austin Ufomba; SSA to the Abia State Governor on Investments & PPPs

Facilitator: Mr. Biola Lawal

 

Session 7: Inventors & Innovators

Discussion Leaders

  • Mr. Bankole Oluwafemi; Co-Founder, Big Cabal Media
  • Mr. Azuka Ijekeye; Founder, Zuky Products
  • Ms. Chika Uwazie, CEO, Talentbase
  • Dr. Dan-Azumi Ibrahim; DG, NOTAP

`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.

Expected Outcomes:

  • Highlight challenges along identified value chains with the aim of seeking private sector led solutions to them
  • Highlight practical approaches to deal with attitudinal challenges with regards to Made in Nigeria food products
  • Agree focus of the Policy Commission in 2017 and beyond
  • Special Guest: Chief Audu Ogbeh; Minister for Agriculture & Rural Development
  • Session Chair: Mr. Ayodeji Balogun, Country Manager, AFEX Commodities Exchange Ltd.

Background Presentation: Mrs Kikelomo Longe; African Capital Alliance

Panellists

  • Mr Olusegun Awolowo; Nigerian Export Promotion Council (NEPC)
  • Dr. Victor Iyama; President, Federation of Agricultural Commodities Association of Nigeria (FACAN)
  • Mr. Onyekachi Nwankwo; Country Representative, African Agricultural Technology Foundation
  • Mr. Eze Nwakanma; Head, Corporate Agribusiness, Union Bank
  • Mrs. Dupe Atoki; DG, Consumer Protection Council of Nigeria
 

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?

Expected Outcomes:

  • Identify the critical success factors required to create a world-class company within the Nigerian environment
  • Review the obstacles and impediments to the identified critical success factors
  • Discuss and agree on models that can be adopted by the JV arrangements in the upstream petroleum sector
  • Identify the legislative framework that underpinned the success of the NLNG story and seek to replicate it in the energy sector
  • Review the scorecard in the implementation of the Nigerian Content Development Policy in the energy sector

Background Presentation: Mr Tony Attah; CEO, Nigeria LNG Limited

Session Chair: Dr. Maikantu Baru; GMD, Nigerian National Petroleum Corporation

Panellists

  • Arc. Denzil Kentebe; Executive Secretary, Nigerian Content Development and Monitoring Board
  • Honourable Mark Gbillah; Deputy Chairman, House of Representatives Committee on Petroleum Resources (Upstream)
  • Dr. A.B.C Orjiako; Chairman, Seplat Petroleum Ltd
  • Mr. James Rockall; MD, World LPG Association
  • Mr. Henry Okolo; Chairman, Enfrasco Limited
  • Mr. Bayo Ojulari; Managing Director, Shell Nigerian Exploration and Production Company (SNEPCo)
 

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.

Expected Outcomes:

The projects to show case the concept as underscored above will have the following characteristics”

  • Proven concepts to open up income opportunities and jobs
  • These growth opportunities are replicable, scalable and resonate strongly with investors
  • Approaches to develop project bankability /market intelligence reports to trigger funding
  • Awareness and capacity building deployed to build traction

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)

Panellists

  • Dr. Omotayo Dairo; CEO, Quintas Energy Solutions Limited
  • Mr. Dayo Adeshina; Chair, Nigerian Liquefied Petroleum Gas Association
  • Mr. Eze Nwakannma; Union Bank (Agribusiness Unit)
  • Mrs. Ifeoma Malo; Country Rep Power4All;
  • Mrs. Seyi Afolabi; Executive Director, Mobil
  • Mr. Oscar Onyema; Chief Executive Officer, Nigerian Stock Exchange
 

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:

  • To succeed, how should government reposition itself as a Catalyst for all things “Made in Nigeria”?
  • What are the essential building blocks of “Made in Nigeria” that will reshape the craft and practice of governance?
  • What type of culture should drive Public Services, particularly those that have direct and significant impact on creating “Made in Nigeria” Factor Conditions?
  • What Government Processes and Systems must we put in place to deliver measurable and tangible impact?
  • What must Government do to change its policies, culture, leadership, systems and processes to accelerate “Made in Nigeria”?
  • How does the public service reinvent itself to be more proactive, productive and purposeful in delivering the dream of a “Made in Nigeria” that is tangible, measurable and experiential for all citizens?
  • How do we look inward into the mechanisms of government institutional dynamics to rise above our governance shortcomings?
  • How can we facilitate massive institutional reforms aimed at infrastructural rehabilitation and a sustainable service delivery to Nigerians?
  • How do we ensure that MDAs constitute the nodal points of quality, standard and delivery for “Made in Nigeria” products?

Expected Outcomes:

  • Provide a Model of What the Ideal “Made in Nigeria” Government would look like;
  • Explore Change Agenda for Government: New Public Sector Paradigm, Philosophy and Mind-set for accelerating the “Made in Nigeria”;
  • Identify and Define the Governance and Institutional Conditions that are crucial to “Made in Nigeria”;
  • Identify Policy-Regulation Elements that are crucial to creating an Enabling Policy Climate to Drive “Made in Nigeria”;
  • Outline the Public Service Capability Readiness Action Points for “Made in Nigeria” Special Guest: Mrs. Winifred Ekanem Oyo-Ita; Head of the Civil Service of the Federation Background Presentation on Public Service Capability Readiness as

Success Factor: Dr. Tunji Olaopa, ISGPP

Session Chair: Dr. Ernest Ndukwe, Former Executive Vice-Chairman Nigerian Communications Commission

Panellists

  • Dr. Eric Ogunleye; African Development Bank
  • Dr. Joe Abah; DG, Bureau of Public Service Reforms
  • Mrs Ini Onuk; CEO/Lead Consultant at ThistlePraxis Consulting Limited
  • Mr. Olusoji Apampa; Director, The Convention on Business Integrity
 

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.

Expected Outcomes:

  • Agree on a framework for teacher development in Nigeria
  • Highlight strategies to strengthen training institutions in the Education and Health sectors.
  • Examine innovative teacher training and development models and highlight how these models can be leveraged to strengthen teaching and learning in Nigeria Special Guest: Mallam Adamu Adamu; Minister of Education

Background Presentation: Mrs Nguyan Feese; Teacher Development Program

Session Chair: Dr Modupe Adefeso-Olateju; CEO, The Education Partnership Centre

Panellists

  • Dr AA Ibrahim, Registrar, Medical & Dental Council of Nigeria
  • Dr. Ahmed IIiyasu; SSA to the DG, National Teachers Institute (NTI)
  • Mr. Fela Bank-Olemoh; Special Advisor on Education to Lagos State Governor.
  • Dr Olusegun Odukoya; CEO, The Eko Hospital
  • Mr. Marut Setia; Director Education & Skill development - SHS (Africa, South Asia & ASEAN), GE Healthcare
 

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.

Expected Outcomes:

  • Identify ‘Made in Nigeria’ business and economic clusters.
  • To ascertain the infrastructure stock required to support the identified clusters within the short to medium term and prioritize them in government’s infrastructure development agenda.
  • To establish the role and synergy between national and sub-national governments.
  • To develop finance model for strategic infrastructure to drive ‘Made in Nigeria’. Background Presentation: Mr Kunle Elebute; Country Head, KPMG Professional Services & Co-Chair, IPC Steering Committee Session Chair: Mr. Kennedy Uzoka; GMD, United Bank for Africa PLC

Panellists

  • His Excellency Nasir El-Rufai; Governor of Kaduna State
  • H.E. Rotimi Amaechi; Minister for Transportation
  • H.E. Babatunde Fashola, SAN; Minister for Power, Works and Housing
  • Senator Bukar Mustapha; Deputy Chairman, Senate Committee on Power
  • Mrs. Chinelo Anohu-Amazu; DG, National Pension Commission
  • Mr. Peter Kieran; Chairman, CPCS Transcom
 

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.

Expected Outcomes:

  • Showcase the enormous potentials of the real sector in achieving the cosmic socioeconomic transformation of Nigeria in the short and medium terms as per acknowledged benefits outlined above.
  • Identify the policy and infrastructure deficits militating against the real sector’s contribution to achieve the “Made – in – Nigeria” target of the Federal Government.
  • Highlight the roles of ALL tiers and arms of Government in plugging the identified gaps in real sector development in Nigeria.

Background Presentation: Mr. Bernard Orji, RSPC Champion

Session Chair: Mr. Niyi Yusuf; MD, Accenture Nigeria

Panellists

  • Mr. Nico Vervelde; MD, Nigerian Breweries
  • Mr. Hassan Bello; CEO, Nigerian Shippers’ Council /FCIArb, Executive Secretary
  • Dr. Mudashir Olaitan; Director of Development Finance, Central Bank of Nigeria
  • Mrs. Peju Adebajo; MD, Geocycle and Project Management Office, Lafarge
  • Mr. Audu Maikori; Chairman, Chocolate City
 

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.

Theme Areas:

  • Capacity
  • Government Policy
  • Infrastructure
  • Investment and Sources of Funds
  • Foreign Competition

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

Panellists

  • Mr. Yele Okeremi; CEO, Precise Financial Systems Ltd
  • Mr. Abdulhameed Abubakar; Director/Head of Strategy & Engagement, Africapractice
  • Engr. Dotun Tokun; CEO, Solarmate Ltd
  • Mr. Oluwole Oyeniran; Associate Director Technology & Digital Leader Consulting 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:

  • Lack of Access to Finance
  • Limited Access to Market
  • High Cost of Capital
  • Over-regulation and Systemic Bottlenecks
  • Inadequate Human Capital
  • Poor quality products and services

Other constraints include:

  • Bad business practices
  • Poor knowledge of how to run the specific businesses by SMEs operators
  • Lack of technical skills to develop a bankable business plan.
  • In order for MADE IN NIGERIA SME Products and Services to gain traction, these constraints need to be comprehensively addressed. Such steps and policy interventions include:
  • Create markets for SMEs by encouraging MADE IN NIGERIA Products and Services.
  • Ensure Collateral registration as well as the use of movable assets as collateral
  • Encourage benchmarking of SMEs products and processes against global best practices
  • Provide incentives and fund research to domesticate and commercialize underlying technology for SME plant and equipment
  • Proliferate business incubators across the States of the Federation to mentor and develop small businesses

Expected Outcomes:

  • Evolve strategies for strengthening SME capacity to compete effectively with imported products and services.
  • Deliberate policy initiatives for Government patronage of MADE IN NIGERIA SME Products and Services.
  • Strategies for SME quantum job creation and enhanced contribution to GDP

Background Presentation: Dr. Mannesah Alagbaoso; Head Commercial Banking Africa for Standard Bank

Session Chair: Mr. Abiola Lawal; MD/CEO ExeQute Partners Inc.

Panellists

  • Mr. Adetokunbo Abiru; MD/CEO Skye Bank Plc
  • Mr. Obinna Ukachukwu; Head SME Banking, Stanbic IBTC Bank
  • Mr. Waheed Olagunju; Acting MD/CEO, Bank of Industry
  • Dr. Dikko Umaru Radda; DG/CEO, Small and Medium Enterprises Development Association of Nigeria
  • Mr. Paul Kokoricha; Chief Investment Officer, Africa Capital Alliance Nigeria Limited
  • Mr. Azuka Ijekeye; MD/CEO, Interstreet Messenger Limited • Mrs. Omoyemi Chukwurah; MD, Seams and Stitches Nigeria Limited
 

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.

Expected Outcomes:

  • Opportunity areas that Nigeria should focus on in its bid to grow its non-oil sector and boost non-oil exports
  • List of available or required incentives for growing the non-oil sector • Trade, fiscal and competitiveness issues inhibiting the growth of the non-oil sector
  • A road map for addressing issues identified and exploiting opportunities and incentives highlighted, detailing responsibilities, timelines, review mechanisms and monitoring plan for all 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

Panellists

  • Chief Olabintan Famutimi; National President, The Nigerian-American Chamber of Commerce
  • Alhaji Sanni Dangote; Vice President, Dangote Group
  • Bashir M. Wali; Ag. MD, Nigerian Export Import Bank (NEXIM)
  • Mr. Ekenem Isichei; Lead – West Africa, Corporate Council on Africa
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

Panellists

  • H.E. Senator (Dr.) Bukola Saraki; President of the Senate, Federal Republic of Nigeria
  • The Right Honourable Yakubu Dogara; Speaker of the House of Representatives, Federal Republic of Nigeria
7:30pm – 9:30pmSponsored Events 
TimeSession
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

Panellists

  • Ms. Comfort Ero; Africa Program Director, International Crisis Group
  • Mr. Babatunde Fashola; Minister for Power, Works & Housing
  • Ms. Ayo Obe; Legal Practitioner, Human Rights/Civil Society Activist
  • Mr. Simon Taylor; Deputy Head, UN/OCHA (Nigeria)
  • His Excellency Kashim Shettima; Governor of Borno State
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

Board Moderator:

  • Mr. Boason Omofaye; Head, Business Desk (Channels Television) Panellists
  • Mr. Okechukwu Enelamah; Minister for Industry, Trade & Investment
  • Mr. Kamar Bakrin; Managing Partner, Helios Investment Partners
  • Mr. Abdulrazaq Busari; Ag. CEO, NASCO Group
  • Mrs. Ibukun Awosika; CEO, The Chair Centre
12:00pm -1:00pmPresentation of Summit Summary to President Muhammadu Buhari
1:00pm – 1:10pmClosing Address by President Muhammadu Buhari
1:10pm – 1.20pmVote of Thanks – Mrs. Fatima Mede, Permanent Secretary, Ministry of Budget & National Planning
1:20pm – 2:00pmMedia Briefings