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Improving Standards in Packaging & Access to Equipment

Improving Standards in Packaging & Access to Equipment. Presentation by Macauley Atasie CEO, Nextzon Business Services at the 2018 Agroinvestment Summit, Abuja. Outline. Overview Key Success Factors Export Challenges faced by African businesses

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Improving Standards in Packaging & Access to Equipment

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  1. Improving Standards in Packaging & Access to Equipment Presentation by Macauley Atasie CEO, Nextzon Business Services at the 2018 Agroinvestment Summit, Abuja

  2. Outline • Overview • Key Success Factors • Export Challenges faced by African businesses • Improving standards in exporting & access to equipment…Nextzon points of view • EU Intervention

  3. Overview Economic Growth Local Consumption • Strong Economy • Rising GDP • High Purchasing power • Strong currency • Developed Nation status Imports for Consumption & Production National Productivity LESS Export Market

  4. The truth about us… High on consumption (Local + Imports) • Weak Fragile Economy • Bad Situation – a cycle of poverty persists • Too poor to pay well for anything • But there is a ray of hope… Low on Production (Sell “little” to the world, hence poor currency value)

  5. … But with a good potential Low cost labourers (Per capita GDP $1.994*) ( Young, large and growing population (55.6% of total population) A strategic focus on export could drive massive & rapid economic growth leveraging the above *IMF May 2018 *NPC, 2018

  6. Lack of competitiveness around • Production / Supply capacity • Infrastructure • Information • Institutional support - Incentives • Capacity to meet EU’s stringent quality and packaging requirements. • Poor or lack of standards • Lack of market access However, African Countries face major challenges in Exporting Overseas

  7. Traditionally, major Products exported by African Countries to Europe … 06 According to a 2016 Eurostat report, the following are major exports to Europe in 2016 03 02 04 05 01 Crude Materials except fuel 6.7 billion Energy products 61.5 billion Oil. Fats & Waxes 862 million Beverage and Tobacco 1.2 billion Food & Live Animals 16.2 billion Chemicals 4.3 billion Data Source: Eurostat/ figs in euro

  8. But new opportunities are possible… 03 01 • ICT driven • Global spending at $3.7 trillion (2018) • Investment in Nigeria ICT industry currently at $35 billion • Fintech / Lifestyle Solution • Fintech investments in Africa hit $800 million (2018) • Piggybank, Paga, Remitta are examples 02 04 • Outsourcing • Nigeria’s Business Process Outsourcing market worth $300 million (2017) • Global business process outsourcing market projected to worth $343 billion by 2025 • Software Coding • Nigeria’s software industry worth $18 billion (2018) • Global software industry worth $3 trillion (2018) Data Source: IDC

  9. Also 3 African countries account for major export volumes to EU … • The EU is the most open market for African exports. Most African countries export to the EU on a duty-free quota-free basis, Everything-But-Arms through EU trade policy – Economic Partnership Agreement (EPA) Today 2016 Africa as a whole accounted for 7% of EU-28 imports The main product group exported to the EU-28 was crude oil and natural gas 2015 Data Source: Eurostat

  10. Nextzon Points of View 1.Enthronement of cost and value competitiveness 2.Clear national focus on high demand export goods & services • Natural competitive advantage • Historical competitive advantage • Knowledge of said advantage may be new to us. For example software coding. • Eliminate productivity challenge of power supply, internet capabilities, roads/access to ports, multiple taxation, access to finance, packaging excellence, standardization • By clustering to quarantine excellence • Industrial Clusters • Innovation or ICT hubs • Business clusters • Driving Export expansion grant activities • Improving trade relations with target countries To grow Standards in packaging & access to equipment …

  11. Nextzon Points of View 3.Visibility of a market capable of affording such products & services 4.Mindset shift by all to the opportunity • Access to data on the critical opportunities • Local business market • International market • Capital Providers • Farmers or other SMEs • Merchants • Regulatory bodies • The EU participants To grow Standards in packaging & access to equipment …

  12. Partner to build clusters in Africa Drive capacity of African producers Strengthen Information exchange • Focus Capital • Private Equity • Venture funds • Development agencies Support African producers to meet its sanitary & Phytosanitary Standards To grow Standards in packaging & access to equipment … EU INTERVENTION

  13. Contact Us Welcome to Our world Walking with you to the Next Frontier Segun Olukoya Executive Director Nextzon Business Services Limited segun.olukoya@nextzon.com +234 802 295 1236 For further information: please contact Mac Atasie Managing Director/CEO Nextzon Business Services Limited mac.atasie@nextzon.com +234 802 295 1130 Okechukwu Nzekwu Head, Public Sector North & Agric Nextzon Business Services Limited okechukwu.nzekwu@nextzon.com +234 803 445 1922 Consulting Nextzon is a good business strategy…

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