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Presentation By Engr. Dideolu Falobi, FNSE, MIoD. CEO Kresta Laurel Limited, Nigeria. On July 30, 2013 in New York, USA.

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Presentation on theme: "Presentation By Engr. Dideolu Falobi, FNSE, MIoD. CEO Kresta Laurel Limited, Nigeria. On July 30, 2013 in New York, USA."— Presentation transcript:

1 Presentation By Engr. Dideolu Falobi, FNSE, MIoD. CEO Kresta Laurel Limited, Nigeria. On July 30, 2013 in New York, USA

2  The Vice Minister, Foreign Trade of the Kingdom of the Netherlands, Simon Smits, has said that the country will double its investment in Nigeria from its current €8billion in the coming years -  The Question Why and How? Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria2

3 Country Profile Investment Opportunities Challenges Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria3

4 Attained Nationhood in 1914 Became independent in 1960 Location: West Africa Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria4

5  Population: 170,123,740(July 2012 Estimate)  Area: 923,768sq.m(Land %, Water - 1.4%)  Coastline: 853km  Climate: Equitorial in the South, Tropical in the Centre, Arid in the North Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria5

6  Natural Resources: Crude Oil, Natural Gas, Gold, Tin, Iron Ore, Coal, Limestone, Bitumen, Bauxite, Talc, Gemstones  Agricultural Products: Cocoa, Rubber, Cattle, Cotton, Fish, Cassava, Palm Trees  Arable Land Usage: 33.02%  Literacy Level: 61.3% Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria6

7  GDP Growth: 2009(7%), 2010(8%), 2011(7.4%)  GDP in 2011: $247billion(65% of the Economy of West Africa)  13th Largest Producer of Crude oil in the World  11th Highest Proven Reserves of Crude oil in the World  10th Highest Proven Reserves of Natural Gas in the World Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria7

8  Refineries  Petrochemicals  Oil Service & Pipelines  Oil Prospecting & Exploitation Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria8

9  Gas Gathering  Gas Distribution  Manufacturing of Consumables  Training and Consultancy Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria9

10  Privatization  Power Generation Plants  Manufacturing of Power Equipment and Accessories  Training & Consultancy Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria10

11  Mergers  Acquisitions  Organic/Greenfield Entry  Training &Consultancy Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria11

12  Housing, Hotel & Malls  Roads & Bridges  Dams  Rail Transport Systems Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria12

13  Capital Market  Industrialization  Steel and Aluminium industry  Entertainment, arts, culture, music and drama Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria13

14  IT & Telecoms  Water Transport  Mining  Education & Health Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria14

15  Integrity of the Judiciary & Security of Agreements  Security  Corruption  419 Syndrome Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria15

16  Power Supply  Infrastructures  Access to, and high cost of Long term Finance Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria16

17  Improved Macro Economic Environment (Political Stability, Corporate Governance, Economic Reforms, e.t.c)  Abundance of Raw Materials (Minerals & Agriculture)  Land Resources Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria17

18  Rich Variety of Energy Sources – Gas, Coal, Hydro, Solar, Wind  Increasing Pool of Talents  Large Population – Availability of Inexpensive Labour and Market  Positive Economic Outlook. Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria18

19  Increasing Pool of Talents  Large Population – Availability of Inexpensive Labour and Market  Positive Economic Outlook. Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria19

20  Please read "FDI In Telecommunications, The success of MTN IN Nigeria" by Covadonga Velasco, Samy Belemi and Wouter Belmans Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria20

21  (http://www.google.fi/url?sa=t&source=we b&cd=4&ved=0CD8QFjAD&url=http%3A% 2F%2Ffaculty- course.insead.edu%2Fdutt%2Femdc%2F projects%2FFinal%2520Report%2FFDI% 2520in%2520Telecommunications- %2520MTN%2520Nigeria.doc&ei=lTbFUK e0OtGN4gSbiIBo&usg=AFQjCNGQL2W6 pRS52ejuJsPMaqDqgfMclQ) Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria21

22  Wholly indigenous  Started as a trading company importing Commodities mainly Sugar, Salt & Cement  Keyed into the government’s backward integration policy in 2002 Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria22

23  Today, the Group is arguably one of the biggest Conglomerates in Africa  Today, the promoter, Alhaji Aliko Dangote, GCON is, according to Forbes, the richest man in Africa with an asset base of $16.1billion in March 2013 as against $3.3billion in March Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria23

24 SUGAR  1.4million P/A  2 nd Largest Sugar Refinery in the world  Largest in Sub-Sahara Africa Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria24

25 SALT  Installed Capacity of 600, 000 metric ton P/A  Refines, Fortifies & Packages table, Agric and Industrial Salts. Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria25

26 Laminated bags  648million bags/Annum Fertilizer(Urea & Ammonia)  2.8million P/A Refinery  450,000 barrels/day Refinery capacity Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria26

27 Petrochemicals  650,000 m+pa Feedstock of carbon black  300,000m+pa LPFO  100,000 m+pa Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria27

28 Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria28

29  Contact The Ministry of Trade and Investments on  Contact The Nigerian Investment Promotion Commission on Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria29

30 ALWAYS CONSULT ONE OR ANY OF:  CORPORATE COUNCIL FOR AFRICA,  NIGERIAN INVESTMENT PROMOTIONS COUNCIL(NIPC),  EMBASSY OF USA IN NIGERIA  NIGERIAN EMBASSY IN USA  NIGERIAN-AMERICAN CHAMBER OF COMMERCE FOR ADVICE AND GUIDANCE BEFORE YOU CONSUMATE MAJOR INVESTMENTS, MERGERS OR ACQUISITIONS Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria30

31  "Nigeria has the most attractive environment for investment in Nigeria because Nigeria is a large market in the continent; it is the second largest economy in the continent. For me, while we say the country's current investment climate could be better in terms of providing electricity, access to finance and other things, you should also look at the huge opportunities for investment in Nigeria" - Marie Francoise Marie-Nelly, Country Director, World Bank, Nigeria. Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria31

32 Engr. DIDEOLU FALOBI, FNSE, MIoD Managing Director/CEO, Kresta Laurel Limited, 376, Ikorodu Road, Maryland, Lagos, NIGERIA. Tel: ,

33 THANK YOU ALL. Engr. Dideolu Falobi, FNSE, MIoD, CEO, Kresta Laurel Limited, Nigeria33


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