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Summit Recommendations: Fast track to Breakthrough

Summit Recommendations: Fast track to Breakthrough. Outline. Global Competitiveness – Where are we? Recap of the Presidential Dialogue Sector Specific Roadmaps Strategies to attract FDIs in 2012 2012 Implementation Priorities Conclusion. Where are we ?. Where are we ?.

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Summit Recommendations: Fast track to Breakthrough

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  1. Summit Recommendations: Fast track to Breakthrough

  2. Outline Global Competitiveness – Where are we? Recap of the Presidential Dialogue Sector Specific Roadmaps Strategies to attract FDIs in 2012 2012 Implementation Priorities Conclusion

  3. Where are we ?

  4. Where are we ?

  5. GDP – US$267 million GDP Per Capita – US$1,670

  6. Recap of Presidential Dialogue Mr. President met with 6 global CEOs Key issues discussed: Political & Security Risks Lack of basic infrastructure Fiscal prudence challenges Attracting investors Performance management of the economy

  7. Sector Specific Roadmaps • We acknowledge the quality of Sector Roadmaps presented by Power, Agriculture, Gas, ICT, Solid Minerals and Transport ministries • These should serve as a standard to developroadmaps for other sectors particularly education & health • NESG and its membership can provide support in the development of sector roadmaps • NESG can also play a role in identifying, supporting and facilitating private investment in the economy

  8. Implementation Priorities for 2012 • Implement Job creation report • Conduct a National Skills Needs Assessment to take advantage of our teeming youth population • Fast track Oil Sector Reforms • Deregulation of Downstream Petroleum sector • Passage and Implementation of PIB • Renegotiate the fiscal terms of deep water PSCs • Infrastructure Investment Opportunities • Power Sector Privatization • Rail Privatization

  9. Road Infrastructure Program • NESG sees a business case for a massive road infrastructure and investment program for the following reasons: • Significant job creation • Opens up the economy for the development of new towns • Access to markets for farmers • More efficient logistics for distribution of goods and services • Safer movement of people • Our prayer is to support government in assessing the feasibility of this initiative by Q1, 2012

  10. Strategies to attract FDI in 2012 • Co-host sector and regional investor fora in-country for sectors with developed roadmaps • NESG will partner with government agencies (Ministry of Trade and Investment (MTI), NIPC, etc.) in areas of agriculture and solid minerals • Will target investors across the entire value chain • Equip foreign missions to support the investment promotion process in partnership with MTI • NESG will partner with MTI to provide visibility of investment opportunities in spite of risks

  11. If we implement our plans…….

  12. GDP – US$267 million GDP Per Capita – US$1,670 • Size of ball – GDP/capita; Vertical positioning – GDP size; Horizontal positioning - population

  13. GDP – US$460 million • GDP Per Capita – US$2,572

  14. GDP – US$902 billion GDP Per Capita – US$4,411

  15. In Conclusion We acknowledge the efforts made by some ministries to design clear roadmaps for their sectors and the need to replicate this in other critical sectors A wide range of FDI opportunities have been identified to focus our implementation drive We need to learn how to market the fact that our opportunities far outweigh the risks involved We need to get the commitment of the civil service to translate plans to action

  16. Final Charge “National interest should be at the heart of bilateral agreements”… SLS “Get into action mode, enough of planning” …NOI “Government must have the courage to do what is right and to keep doing the right thing”…GEJ “Mr. President, just do it”…NES #17

  17. Thank You!

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