Nigerian Investment Promotion Commission

1. Nigerian Investment Promotion Commission Update on activities – 3rd Quarter 2018 Reuben kifasi Director, policy advocacy DEPARTMENT Nigerian investment promotion commission Lagos | november 2018

2. Update on activities – 3rd quarter 2018 NIPC together with NOTN Reviewed the AfCFTA Consultation meetings held in the six (6) geo-political zones to sensitize Nigerian on the benefits of AfCFTA and garner inputs for Nigeria decision. AfCFTA zonal consultative meetings Over 500 companies took part in the survey Questionnaires were administered and retrieved for further analysis on the the position of foreign assets and liabilities in Nigeria Survey on Foreign Assets and Liabilities (SOFAL) The workshop was to educate stakeholders on sustainable ways of producing palm oil to meet international standard Critical recommendations on how to make the industry more competitive were made Sensitization workshop on the EU ban on palm oil import The delegation learnt the best practice in designing fiscal policy regime for its petroleum industry The Committee met with both private and public experts in Nigeria petroleum The delegation was in Nigeria for one week under NIPC facilitation Study Tour by the Gambia Petroleum negotiating committee • The Commission evolved a coordinated strategy to guide investment promotion activities by determining a handful of countries with which to build strategic investment promotion relationship with • Country-relations slides were also developed Country-focused Investment Promotion Strategy

3. Update on activities – 3rd quarter 2018 A total of US$27.34 billion worth of investment announced has been tracked during in the 3rd quarter of 2018 The investments were in 23 projects in 12 States Investment Tracking • NIPC participated at the high level dialogue and discussions at the forum • The Commission coordinated the signing of MOUs expected to rake in over $25 Billion investments Forum on China and Africa (FOCAC) NIPC facilitated participation of the Nigerian businesses at the forum, organized by the Confederation of Indian Industry (CII) The forum created a platform for Indian companies to establish presence in Nigeria Regional Conclave on India and West Africa NIPC organized a Nigeria specific event to strengthen relationship with Singaporean investors Africa-Singapore Business Forum 2018 NIPC attended the Road shows held in two major Australian cities The Roadshow showcased investment opportunities in the Nigerian Mining sector, which provided a platform for meetingsand exchange of ideas between Nigeria and their Australian counterparts Nigeria Mining Week Road Show Australia

4. Update on activities – 3rd quarter 2018 The Commission mandated by the Economic Management Team (EMT) to work out appropriate fiscal incentives for the maritime sector in Nigeria to enhance its competitiveness In line with the provision of its Act, the Commission is working other relevant agencies of Government to achieve that objective. Fiscal Incentive for the Maritime Sector

5. Thank you Reuben Kifasi Director, Policy Advocacy Department reuben.kifasi@nipc.gov.ng infodesk@nipc.gov.ng osicinfodesk@nipc.gov.ng NIGERIAN INVESTMENT PROMOTION COMMISSIONPlot 1181 AguiyiIronsi Street Maitama District Abuja, Nigeria www.nipc.gov.ng