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Presented by: Aigboje Aig-Imoukhuede (Group CEO Access Bank PLC) October 4, 2012

Nigeria: Africa’s # 1 Investment Destination . Presented by: Aigboje Aig-Imoukhuede (Group CEO Access Bank PLC) October 4, 2012. 4 Reasons why you must invest in Nigeria. 1. Africa’s Largest “Single Market”. One out of every four African consumers is a Nigerian

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Presented by: Aigboje Aig-Imoukhuede (Group CEO Access Bank PLC) October 4, 2012

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  1. Nigeria: Africa’s # 1 Investment Destination Presented by: Aigboje Aig-Imoukhuede (Group CEO Access Bank PLC) October 4, 2012

  2. 4 Reasons why you must invest in Nigeria 1 Africa’s Largest “Single Market” • One out of every four African consumers is a Nigerian • Largely homogenous in taste and preference • Nigeria’s youth1 population is estimated to rise from 35 million today to 43 million by 2020 2 • Nigeria’s is one of the N11 countries with a GPD growth rate of 7.2%2 • Nigeria ranks as the 10th largest mobile telephoning market3 and 11th in internet penetration globally One of the 10 Fastest Growing Economies in the World 3 Robust Macroeconomic Indicators • Gross External reserves as at Sept. 5, 2012 stood at $41.8b up 18% QoQ and 27% YoY • Stable local currency driven by strong focus on FX management • Debt to GDP ratio is relatively stable at 17.9%4 • Autonomous Central Bank • Inflation at 10.1% but in check and relatively stable 4 • Uninterrupted democratic governance since 1999 • Executive arm enabling conduct of fair elections • Empowered media and civil society Steady Improvement in governance & rule of law • Youth is 15-24 years with a national • The Economist Intelligence Unit • NCC Statistics • Debt to GDP ratio was 17.8% in 2010 and 17.6 in 2011

  3. Trends in the Nigerian Banking Sector • Dramatic Expansion • Drive to increase capital base • Expansion to other African countries • Increasing exposure to capital market • Major Regulatory Reforms / Consolidation (2nd wave) • M&As, nationalisation of banks • Improved regulatory oversight, greater co-ordination amongst regulators • Divestment from non-banking businesses Top 5 Banks as at 2005 Top 5 Banks as at 2012 2005 2009 2012> 2011 2007 • Consolidation (1st wave) • Regulator-driven Consolidation (minimum capital requirement of N25bn) • Emergence of 24 banks from previous 89 • Liquidity / Solvency Crisis • Industry crisis triggered by global events • Stock market collapse; significant increase in NPLs • CBN Assessment of Banks (liquidity, capital adequacy & corporate governance) and subsequent intervention • A New Era of Competition • Enhanced competition (potential new foreign entrants, larger banks with increased capacity post consolidation) • Push for profitability and earnings sustainability TOP 5 BANK PROFIT BEFORE TAX (PBT) COMPARISON 5 Year CAGR ((‘05 – ’11) Nigeria = 23% Europe = -2% Nigeria = $386m Europe = $60,100m Nigeria = $920m Europe = $75,126m Nigeria = $673m Europe = $34,315m Nigeria = $1,601m Europe = $52,574m Source: Agusto Banking Industry Reports; Access Bank analysis

  4. Pick the right banking partner • Ranked top 20 in Africa and top 5 in Nigeria • Rated by Fitch, S&P and Agusto • Operates in the UK and 5 African markets • FT/IFC Sustainable Bank of the Year for Africa and Middle East 4

  5. Sustainable Banking for a Sustainable Future

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