The Direct Investors’ Summit (DISN) 2018 which commenced on Monday, 21 May 2018 will wrap up today with Business to Business (B2B) meetings and match making between investors and investment projects.
Highlights from yesterday include a keynote address by His Excellency, the Vice President of Nigeria, Yemi Osinbajo, a panel discussion by Governors Nasir El-Rufai and Rauf Aregbesola, Governors of Kaduna and Osun state respectively, the deputy governors of Ogun and Anambra state moderated by the Executive Secretary/CEO of NIPC, Yewande Sadiku and thereafter, Maupe Ogun-Yusuf of Channels Television. Also, a plenary session by the Federal Ministers of Industry, Trade and Investment, Okechukwu Enelamah, Power, Works and Housing, Babatunde Fashola, Budget and National Planning Udo Udoma, and Minister of State for aviation, Hadi Sirika, a break-out session into the sectors of Agriculture, Manufacturing & Processing and Transportation followed by a wrap up dinner.
The Vice President in his speech noted that the NIPC is significantly more engaged and responsive to the needs and requirements of investors in progressively improving the quality of information available to assist investors in making better investment decisions about Nigeria. He further urged investors to take maximum advantage of their time at the Summit, especially during the B2B engagements which is the highlight of the program on the 23rdMay, 2018.
Thereafter he presented an award to Osun state as a qualified state as certified by the NIPC’s Nigerian Investment Certification Program for States (NICPS); the award was received by the Governor of the state. He also outlined success stories of investment ventures in Nigeria including the collaboration between Kellogs and Tolaram, the Nigeria Liquified Natural gas (NLNG) and MTN. While noting that NLNG is the fourth largest exporter of liquified natural gas in the world and MTN makes over fifty percent of its revenue in Nigeria, he stated that the improvement in Nigeria’s doing business indices was as a result of support by the highest level of government.
In the panel discussion by the Governors, they all highlighted the comparative and competitive advantage of their states in terms of investment opportunities; in his comments the Governor of Kaduna stated that Kaduna is one of the easiest in starting a business and paying taxes. In turn, the Governor of Osun state stated that Osun is the most hospitable and safest state for investments, the Deputy Governor of Ogun in her remarks stated that Ogun state is the industrial capital of Nigeria as it attracts a significant portion of foreign investments in the country while the deputy Governor of Anambra in his comments stated that whilst Anambra is the second smallest state by land size it is host to the largest market in west Africa.
In the plenary session by the Ministers, they all highlighted the activities in doing business and investment opportunities available in power, gas, aviation, and the improvement of Nigeria’s economy as a whole.
Following the wrap up of the plenary sessions was a breakout into the sessions of Agriculture, Manufacturing and Processing, and Transportation, where investors were presented with investment projects profiled by NIPC so as to indicate interest, for possible match making by NIPC.
The B2B event which is follow up from yesterday’s break out session takes place today. The NIPC has received well over 100 projects for profiling and the exercise is still ongoing. In her remarks about the process the ES/CEO NIPC informed that the submission of investment projects will continue well after the Summit and NIPC will conduct some validation. Investment projects can be submitted by filing the investment opportunity profiling form at the NIPC website: www.nipc.gov.ng