0. PRESIDENTIAL MID-TERM REPORT
Summary of Policies and Strategies for Delivering The Transformation Agenda
DR. NGOZI OKONJO-IWEALA
Coordinating Minister for the Economy &
Hon. Minister of Finance
May 29, 2013

1. Where Are We Coming From?
What Have We Done So Far?

2. Nigerian Economy Faces Many Challenges Which The Transformation Agenda Is Designed To Address2 1
Rising Domestic Debt
Insufficient Jobs and Poverty 3
High Recurrent Expenditure 9
High Food Importation / Food Insecurity 4
Falling reserves
Infrastructure in Poor State
Dependence on Oil Exports
Housing Deficit
High Inflation 8 5 7 6

3. What Have We Done So Far?

4. The Economy Is Strong But Faces Challenges Of Inequality & Inclusion5
The Economy Is Strong But Faces Challenges Of
Inequality & Inclusion A
GDP growth in 2013 is expected at 6.5% (NBS) or 7.2% (IMF)
GDP is One of the Fastest Growing in the World
Dollar exchange rate has been between ₦155 and ₦160 over the last two years
Exchange Rate is Stable
Inflation rate has slowed to 9.1% from 12.4% in May 2011
Rate of Inflation is Coming Down
From $32.08 billion in May 2011 to $48.4 billion as of May 2013
Excess Crude Account (ECA) - (Component of External Reserves) - Rise from about $4 Billion in May 2011 to around $9 billion at the end of 2012, but now about $6 billion in May 2013
- ECA now helping us since oil production has fallen from the projected 2.53 million bpd to between 2.1 – 2.2 million bpd
External Reserves are Rising

5. Sovereign Wealth Fund Is In Place…
President Jonathan’s Administration believes that putting aside some money for emergencies is important just as we all do for our families. So this administration has supported a policy of savings 4
The NSIA to commence core investing activities from Q and currently evaluating potential infrastructure investment opportunities 3
The Board of the Nigeria Sovereign Investment Authority was Inaugurated on 9th October, 2012 2
Management team has developed a comprehensive strategy document which was presented at its inaugural board meeting on 13th November 2012 1
US$1 billion earmarked for investment in the 3 arms i.e. Stability Fund, Infrastructure Fund and Future Generation Fund
1 Footnote
SOURCE: Nigeria Sovereign Wealth Investment Authority; Federal Ministry of Finance

6. Cost of Government is Reducing5
Policy is to reduce recurrent expenditure and complete unfinished capital projects
- Recurrent expenditure has dropped from 74.4% of total budget in 2011 to 68.7% in 2013
Envelop system developed to enable Ministers prioritize uncompleted capital projects
Cost of Government is Reducing
Annual Borrowing has fallen from ₦852 Billion in 2011 to ₦588 Billion in 2013
Government Borrowing is Declining
Debt to GDP in Nigeria – 21%; South Africa – 42.7%; SSA -34.2%; USA – 106%; Japan – 225%; UK – 90%
Our National Debt is Low
Waiver and Tariff policies have changed:
- Government focusing on sectoral waivers rather than individual. e.g. agricultural, power, aircraft spare parts, solid minerals at zero duty
Trade has improved; imports are down (textiles, plastic & rubber, paper & paper making material), and exports are up (plastic & rubber, vegetable products, prepared food stuff and beverages).
- Non-oil exports have increased from 9% of total exports in 2008 to 31% in 2012
- Oil exports are now 69% of total exports, compared to 91% in 2008
Procurement Policy Implementation stepped-up to prevent corruption (e.g. Aggressive monitoring of contract thresholds, increased awareness, encouraging whistle-blowing, introduction of stiffer penalties, introduction and take-off of e-procurement), leading to improvement savings of ₦420 billion as at the end of FY 2012.
To Underpin the Strong Economy:

7. A New Petroleum Subsidy Payment Regime Is In Place To Help Stem Leakages
We audited ₦1 trillion in subsidy and found ₦232 billion questionable. So far, we have recovered about ₦14 billion. We have tightened the payment process
PPPRA reduced the number of oil marketers from 143 to 32
Old Process…
…Revised Process (2-step audit process)
Auditor #1: Witnesses physical discharge
Physical verification
Quantity discharged
Auditor #2: Fiscal verification
Auditor: Witnesses physical discharge
Physical verification
Quantity discharged
Claim to be paid
Marketer Paid
Marketer Paid

8. Contributory Pension Scheme Is Sound But Defined Benefits Scheme Is Being Reformed To Prevent Fraud
Background
The Federal Government Defined Pension Scheme is decentralized and managed by several pension offices/department and is inconsistent with the intention of the Pensions Reform Act (2007)
The Pensions Reform Act (2007) establishes a pension department known as Pensions Transitional Arrangement Department (PTAD) to oversee the management of pensions under the Defined Benefits Scheme for pensioners not transiting to the Contributory Pensions Scheme
Objectives
Following Mr. President’s directive to ensure strict compliance with the provisions of the Pensions Reform Act (2007), the CME/HMF inaugurated an Inter-Ministerial Committee in August 2012 headed by the Director-General Pensions Commission (PenCom) to carry out Mr. President’s instruction
The Inter-Ministerial task was structured into two phases:
Phase One: Design the governance and operating framework for the PTAD
Phase Two: Data validation and authentication of the existing pensioners database and the development of an authentic database
Key Achievements
Phase one completed and Phase Two is underway
Result: All Defined Benefit Pension Systems for Civil Service, Police, Prisons, Immigration, Customs etc. will be managed in one department reporting to Ministry of Finance with direct payment to beneficiaries based on biometrics

9. Government Has Put In Place Systems To Increase Efficiency In
Public Financial Management
Expenditure side measures taken
Introduction of the Government Integrated Financial Management and Information System (GIFMIS) in April 2012.
GIFMIS is aimed at improving the acquisition, allocation, utilization and conservation of public financial resources using automated and integrated, effective, efficient and economic information systems.
58% of the budget now executed through GIFMIS. Will rise to 79% by end of third quarter 2013.
Treasury Single Account (TSA) is a unified structure of government bank accounts that gives a consolidated view of the cash position.
93 MDAs are currently on TSA
Government’s overdrawn position has dropped from ₦102 billion in 2011 to ₦19 billion in 2012
The Integrated Payroll and Personnel Information System (IPPIS):
Enhances efficient personnel cost planning and budgeting as personnel cost will be based on actual verified numbers and not estimates
215 MDAs (153,019 staff) are on IPPIS as at Jan 2013
Savings on Payroll cost to date is ₦118.9 billion
Work ongoing to bring in other 321 MDAs not yet on IPPIS
IPPIS
GIFMIS
TSA

10. Strong Economic Performance Has Received International Validation5
Strong Economic Performance Has Received International Validation
Nigeria’s Credit Ratings Have Improved
Ratings by international agencies like Fitch, Standard & Poor’s, and Moody’s have improved to BB- (or equivalent)
As a result, Nigerian corporates are able to borrow at cheaper rates on the international credit markets
A number of our banks have gone to raise funds abroad e.g. Access Bank ($350 million Euro Bond), GTB ($350 million Euro Bond), Fidelity Bank ($300 million Euro Bond)
International Investors are More Interested in Nigeria
Domestic bonds included in JP Morgan and Barclays emerging market Index
About $7 Billion invested in Nigeria by foreign investors in 2012
Nigeria has become the highest investment destination in Africa

11. Subsidy Reinvestment Program (SURE-P) Classification/Projects
Subsidy Savings
2012
2013 (Jan – May)
Federal Government
₦180 Billion
₦75 Billion
States Government
₦154.6 Billion
₦64.4 Billion
Local Government Councils
₦76.4 Billion
₦31.8 billion
Breakdown of FGN SURE-P Budget
Of the FG’s ₦180 billion budgeted for the 2012 SURE-P, ₦86.5 billion was spent. The remaining balance of ₦93.5 billion was carried over into the 2013 SURE-P budget bringing its sum to about ₦273.5 billion in projected expenditure.
S/N
Classification/Projects
2012
(Annual Budget,
N’ Bns)
2013
(Annual Budget A
SOCIAL SAFETY NETS (e.g. Maternal & Child Health, Mass Transit, Community Services, Graduate Internship Scheme)
38.44
40.83 B
NIGER DELTA Augmentation for East-West Road (Sections 1-4)
21.70
42.27 C
WORKS (ROADS & BRIDGES) (e.g. Abuja-Lokoja Road, Kano-Maiduguri, Oweto Bridge)
85.50
111.50 D
TRANSPORT (RAIL) (e.g. Lagos-Kano, Port-Harcourt - Maiduguri)
33.36
77.42 E
OTHER EXPENSES (e.g. SURE-P Board, M&E) 1
1.5
180.00
273.52

12. Key Reforms Under Implementation To “enable” Economic Performance
This Is Focused On:
Infrastructure
Government policy is to use PPP as an instrument for infrastructure and other development to supplement budget resources. e.g. 2nd Niger Bridge.
ICRC and PPP units in various MDAs are working on this
Sectoral Reforms
e.g. Agriculture, Manufacturing, Housing, ICT, Health, Education, Sports, Creative Industries

13. Government Has Been Reforming The Financial Sector…
Cleanup of the Banking System Complete…
Government Policies have Supported Capital Markets (e.g. Forbearance, Elimination of VAT & Stamp Duties, etc.)
Insurance Sector is Doing Better…..
All 24 banks are now fully stable and capitalized
Non-Performing Loans have fallen to about 5%
But not enough lending is going on at affordable interest rates so the government is:
Restructuring existing DFIs to get in private sector capital
Creating a new wholesale DFI for year money at affordable rates
As a result, capital markets has now rebounded…
Stock market index has risen by 71% since May 2012
Stock market capitalization (value of listed companies) has increase by 66.2% since May 2012 to ₦11.8 trillion
Through government policies (e.g. introduction of micro-insurance, compliance with compulsory insurance, etc.) more Nigerians are now aware of Insurance Policies
Number of policy holders has also increased from 700,000 in 2010 to 1.5 million in 2012
Claims paid increased from ₦37 billion in 2010 to ₦52 billion in 2012

14. RAIL Rehabilitation of the main Rail Lines (moribund for 15 years):
Western Line: Lagos – Kano; 1,124km completed and functional
Eastern Line: Port-Harcourt – Maiduguri; expected to be completed by 2013
Abuja – Kaduna Standard Gauge Line – 60% completed
Itakpe – Ajaokuta – Warri Standard Gauge Rail Line – 77% completed
Procured 25 new locomotives from General Electric (GE)
Refurbished over 200 Coaches and Wagons
Investment incentive MoU with GE to develop a Multi Modal Locomotive Assembly Facility in Nigeria to handle an initial 200 locomotives over 10 years.
Number of Passengers Carried by rail has risen significantly, from about 1 million in 2009 to about 4.2 million in 2012.

15. INLAND WATERWAYS
Dredging of Lower River Niger from Baro in Niger State to Warri in Delta State (72km) has made possible all year round Navigation.
Construction of Inland Ports
Onitsha Port completed and commissioned – to be concessioned out later this year
Baro Port under construction – to be completed this year
Oguta Port under consideration. Also expected to be completed this year
Results
Volume of cargo in the inland waterways has risen from 2.9 Million Metric Tonnes in 2011 to 4.03 Million Metric Tons in 2012
Number of Passengers travelling en route inland waterways increased from 250,000 in 2011 to 1.3 million in 2012

16. AVIATION 1) Overhaul of the Airport Infrastructure
Embarked on the remodeling exercise of the terminal infrastructure in all 22 airports across the country in two phases (75% complete)
Impact: Improved passenger experience
Upgraded the air navigational aids/equipment and integrated control tower modernization. These include Aeronautical Information Service (AIS) Automation, Total Very High Frequency Radio Coverage, World Geodetic Survey-84 Survey, VSAT network and Fibre Optics Rings
Impact: State-of-the-art equipment for safe air navigation, weather observation and forecasting.
2) Introduction of the Aerotropolis Concept & Development of the Business Model
Will create direct and indirect job employment opportunities for up to 500,000 Nigerians
Increase foreign direct investment
Opens Nigeria as a gateway for economic activities and creation of megacities in locations identified for the aerotropolis.

17. AVIATION (contd…)
3) Review of Existing Policies to Enhance Safety, Economic and Commercial Activities in the Aviation Sector
Review and launch of the Nigerian Civil Aviation Policy (also includes economic commercial regulation of domestic airlines, introduction of policies for general/business aviation - private jet/helicopter, maintenance repair & overhaul facilities)
Removal of import duties and charges on aircrafts and spare parts
4) Development of Perishable Cargo Facilities
Designated 6 airports in proximity to food baskets as perishable cargo airports- Jos, Makurdi, Yola, Jalingo, Lagos and Ilorin.
Developing international standard perishable cargo facilities at these designated airports.
Established a new Cargo development Division in FAAN to give focus to this effort

18. ROADS
A total of 651km of roads paved with bitumen in 2012 including:
Apapa-Oshodi Expressway; Benin-Ore-Shagamu Highway; Abuja-Abaji-Lokoja Dualization; Kano-Maiduguri Dualization; Onitsha-Oweri Expressway; Vom-Manchok Road (Plateau State), Enugu-PH repaired
Katsina-Daura Road, Kano-Maiduguri Road, and Gombe-Numan Road
Oweto bridge almost complete.
2nd Niger Bridge – PPP design advertised and awarded. Design ongoing
PORTS
Reduced the number of agencies operating in the ports from 14 to 7.
Disbanded NCS task force that harass cargo on the highway.
Ports operating a 24-hour regime for the first-time since 1970
Clearing time reduced from 39 days to 7 days for trouble-free cargo, but target is 48 hours !

19. POWER Progress on Roadmap Implementation:
Successful bid for the unbundled PHCN companies (11 Discos and 6 Gencos).
Creation of the Nigeria Bulk Electricity Trader and NELMCO.
Licensing to facilitate privatization of 34 IPPs, of which 3 have commenced operations.
Introduction of Cost Reflective Tariffs to make private sector investment attractive.
Concession of the TCN to a private provider (Manitoba Hydro) to upgrade and expand the transmission network.
Results:
Power generation increased from 3,514MW in 2011 to 4,500MW as at Dec
Average hours of power availability in 10 major cities has increased from a low of less than 9 hours in 2011 to around 15 hours in 2012.
Additional 2,500MW from NIPP plants by end of 2013.
Realize there is still a long way to go but present Privatization and Liberalization Policy in power will help as it has done in Telecoms.

20. WATER Increased Access to Safe (Potable) Water
The Federal Government completed 7 water supply projects across the nation, providing about 4.3 million Nigerians with access to water.
As at the end 2012, 65.29% of the population now have access to improved water sources, compared to 60% in 2011.
About 4,547 jobs were created in the process.
Hydro Power Generation
Nine dams completed in: Akwa Ibom, Katsina, Enugu and Ondo States
Capacity to generate 11.2 MW
About 125,000 jobs created
Irrigation
10 irrigation projects deployed for crop production
Size of irrigated land increased from 90,000 in 2011 to 175,000 hectares in 2012
About 375,000 farmers now have access to irrigate land from 236,000 in 2011
Supporting food production:
Rice – 75,802 Tonnes; Maize – 51,631 Tonnes; Sorghum – 50,695 Tonnes; Veg – 177,050 Tonnes

21. SECTORAL REFORMS

22. AGRICULTURE 1. Ended Corruption in Fertilizer and Seed Sector
The Government ended 4 decades of corruption in the seed and fertilizer sectors within 90 days
Ended direct procurement and distribution of seed and fertilizers to farmers. GES system saved the Federal Government ₦25 billion ($156 million) in 2012
Private sector seed and fertilizer companies now sell directly to farmers. ₦15 billion ($100 million) of fertilizers sold and ₦1.5 billion ($10 million) of seeds sold directly via e-wallet system
2. Growth Enhancement Support (GES) Scheme with E-WALLET
Cellphone-based system developed to send subsidies via electronic vouchers (e-wallets) directly to farmers via their cellphones
First ever database of farmers developed; 4.2 million farmers registered and now being updated/ monitored annually (KYC)
Nigeria is 1st country in Africa to develop the E-wallet for input delivery to farmers
3. Rice Revolution Takes off
Dry season production through irrigation in ten Northern States (Kebbi, Zamfara, Sokoto, Katsina, Kano, Jigawa, Gombe, Niger, Kogi and Bauchi) resulted in output of 1.07 Million Metric Tonnes by about 268, 000 farmers.
Total combined production of Dry Season and Main Season paddy is 1.76 Million Metric Tonnes
13 New Rice Mills with a total capacity of 240,000 MT have been set up by the private sector
Nigeria is on target for Self Sufficiency in Rice

23. TARGET OF 3.5 MILLION JOBS BY 2015
AGRICULTURE (contd…)
4. Cassava Revolution Takes Off
Developing Cassava value chains for new value-add products (high quality cassava flour, cassava chips, ethanol, starch, sweeteners) through private companies:
Starch processing: Cargill, Crest Agro Products (Both within the Kogi State Crop Processing Zone)
Cassava Starch to Sobitol: Unilever, Ingredion
Cassava for Beer Products: SAB Miller
Expanded production of high quality cassava flour (HQCF) to substitute imported wheat in the baking industry (commercialized 20% use of HQCF in bread)
Secured 3.2 million MT contract orders from China for export of dried cassava chips for Ethanol production.
5. Food Production Rises and Expected Food Crisis Due to 2012 Floods Averted
8 million MT of Food added to domestic food supply in 2012, 70% above target
Food crisis from 2012 flood averted
6. Attracted Private Sector Investors to Agriculture
Over $8 billion of private investment commitments indicated and deployed in agribusiness ventures
Attracted large indigenous and global multinational firms like Flour Mills of Nigeria, Dangote Group, Syngenta, Indorama, AGCO, and Belstar Capital
TARGET OF 3.5 MILLION JOBS BY 2015

24. MANUFACTURING
Given our large domestic market, policy is to encourage import substitution, where we have a comparative advantage, and exports, where we can be competitive internationally
Development of National Industrial Revolution Plan (NIRP) with focus on the entire value chain of sub-sectors like agro-processing (e.g. rice milling, sugar procession, cassava for wheat flour and other products, etc.), consumer goods manufacturing, cement, textiles, and petrochemicals).
Completed the development of a Sugar Master Plan (NSMS) to provide roadmap for 100% local production of sugar
Attained the position of an exporter of cement instead of a net importer. With no import permit issued in the whole of 2012 for cement importation, a savings of over N200 billion was made.
Transformation of the Onne Oil and Gas Free zone with $6 billion invested leading to the attraction of 150 companies into the zone with 30,000 jobs created to date
Promoting foreign investments in manufacturing e.g. Indorama’s $1.2 billion fertilizer plant at Onne, Procter & Gamble’s $250 million consumer goods plant in Ogun State, SAB Miller’s $100 million brewery at Onitsha.

25. Government Policy is To Provide Nigerians Access to Affordable Housing
The FG (through National Housing Fund) built more than 61,800 housing units in the six geopolitical zones to provide affordable and quality houses.
Increasing Access to Mortgage Finance through a Mortgage Refinance Company (MRC). To be launched between July – August Mortgages available starting 2014.
MRC will be a PPP arrangement with shareholders that will include Government, International DFIs, Nigerian Banks and Insurance Companies.
MRC to enable up to 200,000 affordable mortgages within 5 years.
World Bank to support Government with investment of up to $300 million at zero interest, 40 year loan, 10 years grace, and 0.7% commitment charge, which will help lower costs, especially interest rates.

26. ICT
Government created for the first time a new Ministry of Communication Technology to champion Reform
Increasing the Ease of Doing Business for Telecom Services Providers:
Streamlined Application for building infrastructure. Applications now processed within 30 days; right of way reduced from ₦ 5 million to ₦145,000.
Reduced multiple taxation on operators.
Strong government support to and licensing of mobile companies
As a Result:
Mobile phone subscriptions have increased:
In 2004, only 8.5% of the population had access to mobile phones, but this will increase to % in 2013.
Access to internet is rising. 38% of Nigerians now have access, compared to 34% at the end of 2012.
As a result, more of government services (e.g. passport) are being delivered online (to the convenience of Nigerians)
Government is now delivering around 50 services online, compared with 30 at the end of 2012.
Promising local employment opportunities:
1800 individuals registered in micro work/e-lance initiative equating to $121,000 new revenues.
Online shopping habit in Nigeria is gradually gaining momentum. Online vendors, e.g. Konga.com, and Jumia.com which reports about 100,000 unique visitors each day. Value of online shopping grew 25% to ₦62.4 billion in 2011 from ₦49.9 billion in 2010
Quality of service remains a problem and we are encouraging more investment by the companies to tackle this problem.

27. HEALTH
In line with the National Strategic Health Development Plan, the Ministry of Health has outlined a Vision to Save One Million Lives and improve the Quality of care in Health Facilities by 2015
1) Improved Access to Primary Health
a) Under the “Save One Million Lives” initiative, over 433,650 lives were saved in 2011 and by scaling up 6 cost-effective interventions including Maternal & Child Health, Nutrition, Prevention of Mother to Child Transmission (PMTCT) of HIV, Provision of Essential Commodities, Malaria Control, Routine Immunization / Eradication of Polio.
b) Maternal and Child Health (SURE-P):
A total of 9243 frontline health workers have been recruited, trained and deployed.
1500 primary healthcare facilities have been refurbished and supplied with the essential commodities.
Maternal mortality has dropped by more than 50% in Midwives Service Scheme (MSS) facilities from 2009 to 2012.
Conditional Cash Transfer (CCT) Scheme.
Launched in May 2013, 172 female beneficiaries have received cash transfers totaling ₦206,900 from the first pilot Primary Health Centre.
Eight States (Anambra, Bauchi, Bayelsa, Ebonyi, Kaduna, Niger, Ogun, and Zamfara) to roll out CCT Programme as from June 2013.
2) Improving Tertiary Healthcare
Several teaching hospitals and medical centers have been rehabilitated and modernized e.g. OAU and UNIBEN Teaching Hospitals. But key push is for Private Sector to provide world-class institutions for Nigerians and stop medical visits abroad.

28. Government has a long way to go but the journey has begun.
EDUCATION
Policy is to get 10.6 million “OUT-OF-SCHOOL” children “IN-SCHOOL”, and improve Quality of Education and Access at all levels.
Government has a long way to go but the journey has begun.
1) Promoting Access to Affordable Education & Improving Quality
1-year Early Child Education institutionalized as part of the education system to enhance access and quality of learning outcome
Construction of 124 Almajiri Schools to reduce the number of out-of-school children in the North.
Construction of special girls school in 13 states of the Federation has began to improve girls education program.
Establishment of 12 new universities to enhance access to a Federal University in all states.
Significant improvement in students performance in public examinations from 23% in 2010 to 39% in 2012 for WAEC and 9% in 2010 to 31% in 2012 for NECO
2) Special Intervention
Establishment of a High Impact Fund to support higher institutions of learning to become Centers of Excellence in specific areas. Each selected University gets ₦3 Billion; Polytechnics and Colleges of Education ₦1 Billion
Awarded a total of 101 Presidential Special Scholarships for Innovation and Development (PRESSID) to beneficiaries for training in top 25 universities in the world.
Attention is turning to Vocational Training for Plumbers, Carpenters, Technicians and Artisans

29. SPORTS
From the Presidential Sports Retreat following Nigeria’s poor performance at the Summer Olympics 2012 (though our Paralympians made us proud with 12 medals), Policy is to support our sports men and women with better sports governance, finance, training facilities for Nigeria to excel in international and domestic competitions.
Focused on:
Developing new framework for sustainable sports financing in Nigeria (with Private Sector participation), including use of Lottery Funds
Instituted a new three-tier disbursement system for funding sporting activities across grassroots and elite sports programs
Received Presidential approval to recruit a National High Performance Director to head a High Performance Directorate set up within in NSC.
Developed Rhythm N’Play as the national mobilization campaign for grassroots sports in Nigeria
Ongoing infrastructure rehabilitation e.g. for National Stadium
The Results are:
Super Eagles won 2013 Africa Cup of Nations after 19 years.
The Golden Eaglets finished 2nd at the U-17 African Championship in Morocco
The Flying Eagles finished 3rd at U-20 African Championship in Algeria
Nigeria placed 1st at the 2012 Senior African Athletics Championship in Port Novo and emerged overall winner with 10 Gold, 6 Silver and 5 Bronze

30. CREATIVE INDUSTRIES Key Reform Focus is to Develop:
Policies to protect intellectual property
Fiscal measures such as tax or duty waivers
Infrastructure Support:
Culture and Tourism Ministry completed the construction and equipment of three new Cultural Industry Centers in each of Taraba, Ogun, and FCT
Completed the rehabilitation of the National Theatre
Special Initiatives:
Mr. President announced Project Advancing Creativity and Technology (ACT) Nollywood - ₦3 billion grant program for Nollywood.

31. In addition to Sectoral Initiatives, Government Direct Job Creation Initiatives are Delivering…

32. Youth Enterprise with Innovation in Nigeria (YouWiN!) Program
YouWiN! Results
Trained 12,000 aspiring or existing young entrepreneurs.
Presently funding 1,200 entrepreneurs identified in the first round of the three round competition
Identified 1,200 women in May 2013 across the six geopolitical zones to receive funding in the second round
As at March 2013, a total of 12,108 jobs have been created across the country in the early stages of the first round. At least 80,000 jobs expected by the end of the third round in 2015.
Breakdown of Job Creation by Geo-Political Zone and Sector (as at March 2013)
REGION
NO. OF JOBS
North-Central
2,117
North-East
2,367
North-West
1,703
South-East
1,579
South-South
1,765
South-West
2,577
SECTOR
NO. OF JOBS
Agriculture
3,499
ICT & Media
1,863
Manufacturing
3,160
Retail
543
Others
3,043
Total
12,108

33. COMMUNITY SERVICES SCHEME (CSS) & GRADUATE INTERNSHIP SCHEME (GIS)
370,000 youth to be employed annually.
178,000 Youth already employed.
Graduate Internship Scheme
Providing 50,000 graduates with internship in established privates sector organizations
1,306 graduates placed so far

34. THANK YOU!!!