June 26, 2009SS-SV Singapore: Nigeria Presentation June 21-27, 2009 South-South Study Visit Singapore, June 21-27,2009 Nigeria Country Presentation June 26, 2009

SS-SV Singapore: Nigeria Presentation June 21-27, 2009 About Nigeria  A population of 140 Million (based on 2006 census) – Africas’ most populous nation  Federal System of Government; States  7 th largest oil exporter in the world; endowed with other natural resources like coal, iron- ore and bitumen  GDP of US$294.8 (as of 1st Apri, 2007)  Oil accounts for 20% of GDP, 95% of foreign exchange and 65% of budgetary revenue  70% of working population servicing the agricultural sector, 10% servicing the industrial sector and 20% servicing the services sector  160,000 students graduate from higher institution annually and 20% of that number are science and technical graduates

June 26, 2009SS-SV Singapore: Nigeria Presentation June 21-27, 2009 Key Activities & Goals Infrastructure development in areas of identified Economic Growth Development of Human Capital to address Skills & Knowledge Gaps to support these areas –In partnership with the Private Sector –Strong focus on Vocational & Technical Education –Institutes of Excellence –Benchmark against the best!

June 26, 2009SS-SV Singapore: Nigeria Presentation June 21-27, 2009 Identified Areas IT/ITES –Business Process Outsourcing –e-Government –Nollywood & Animation –Software Skills Development –Pervasive Information Infrastructure Power Engineering and Services –Technician Training –Alternative energy Port Development and Administration Mass Education Food Security –Land Tenure –Mechanised Agricultural System Oil & Gas –Strengthening Local Content –Downstream, Midstream, Upstream Good Governance

June 26, 2009SS-SV Singapore: Nigeria Presentation June 21-27, 2009 Challenge=Opportunity! Take advantage of ongoing and planned investment in key areas –Government investments in Power, Oil & Gas, Infrastructure and IT/ITES –e-Government & Good Governance initiatives –Private sector investment in IT/ITES –World Bank efforts in Skills development, IT/ITES, Tourism and Nollywood Leapfrog! –Take advantage of new technologies –Learn from the best!

June 26, 2009SS-SV Singapore: Nigeria Presentation June 21-27, 2009 Challenge=Opportunity! Power Deficient –Huge energy potential Oil & Gas Industry –Gulf of Guinea opportunities Port Development –About 1,000km of coastal stretch –Huge potential for ports and harbours Food Security –Massive fertile and untapped land mass –Less than 50% of arable land is currently cultivated, e.g. Kwara State, only 11%

June 26, 2009SS-SV Singapore: Nigeria Presentation June 21-27, 2009 Policies & Actions General Policy –Strengthen the regulatory framework and governance to strengthen transparency, openness and efficiency –Create an enabling environment to attract FDI Specific Policy Initiatives –Strengthen Technical & Vocational Education with Private Sector collaboration –Targeted De-regulation (for example, Power) –Industry Association advocacy

June 26, 2009SS-SV Singapore: Nigeria Presentation June 21-27, 2009 Implementation Strategy AreaWhoTimelineFinancing Capacity building for leaders at national and sub- national tiers of government The Presidency in collaboration with the FME ImmediateFGN/World Bank/Singapore Government Establishment of linkages and collaborations with Institutions for the purpose of benchmarking and HC development Statutory boards, Institutions, Industry Associations, NGOs 3 months henceFGN/World Bank Information infrastructure development for education and governance Government, Private Sector ImmediateFGN, World Bank, Private Sector, Statutory Boards

June 26, 2009SS-SV Singapore: Nigeria Presentation June 21-27, 2009 Actionable Items Urban Development & Fiscal Planning –20 trainees from Lagos in Singapore on Monday Capacity Building –Rectors of Polytechnics will carry out a study tour of South Asian countries with particular emphasis to Singapore (STEP-B) –TA from WB to support IT Infrastructure development for education

June 26, 2009SS-SV Singapore: Nigeria Presentation June 21-27, 2009 Actionable Items Industry Association Support –ODIN (Outsourcing Development Initiative of Nigeria); support for the Nigerian BPO Industry –Support for1 st National Outsourcing Conference: World Bank

June 26, 2009SS-SV Singapore: Nigeria Presentation June 21-27, 2009 Thank You!