1. BOLA TINUBU COLLOQUIUM 28 March 2019
Overview of Project MINE and Nigeria SEZ Investment Company Limited Dr Okechukwu Enelamah Hon Minister of Industry, Trade & Investment
BOLA TINUBU COLLOQUIUM
28 March 2019

2. His Excellency, President Muhammadu Buhari
The government launched the ERGP to put Nigeria on a path of sustainable socio-economic development
The broad objectives of the ERGP are to restore growth, invest in our people and build a globally competitive economy
H.E. President Muhammadu Buhari
Vision for 2020
Promote national prosperity and an efficient, dynamic and self-reliant economy to secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity1
Build a competitive economy
Restore growth
Invest in our people
His Excellency, President Muhammadu Buhari
Enablers
Governance, security, public service reform, and subnational coordination

3. Industrialization drives inclusive growth and structural transformation
Job Creation
Manufacturing provides more job opportunities with better working conditions and also creates indirect jobs; for every direct job created, 5-20 indirect jobs are created1
Social Investment
Industrial growth increases tax revenues for social investment in health and education
Transformation
Rarely have countries moved from poor to rich without moving from agrarian and resource based activity to manufacturing and services2
1 - SOURCE: UNIDO, World Bank,
2 – Prof Justin Yifu Lin, New Structural Economics

4. Develop local industry, technology, capabilities and competitiveness
Several countries have used Special Economic Zones to catalyse development
China, South Korea, Malaysia and several other Asian countries and African countries such as Morocco, Ethiopia and Gabon have used SEZs to:
Attract huge domestic and foreign investment into manufacturing, especially export-oriented manufacturing
Develop local industry, technology, capabilities and competitiveness
Create job opportunities
Develop value and supply chains
Build world class infrastructure
Hawassa Industrial Park – Africa’s first Sustainable Apparel & Textile Park

5. Project MINE – (Made in Nigeria for Export), our SEZ programme has set ambitious targets over a 10 year period
Boost manufacturing share of GDP to 20% and make Nigeria the leading regional manufacturing hub for Sub-Saharan Africa
Create 1.5 million new jobs in manufacturing
Generate $30bn in non-oil export earnings annually
Improve the utilization of Nigeria’s resources and comparative advantage and whilst creating strong domestic value chains
Create local models of global best practice in industrial infrastructure and enabling business environment

6. Project MINE will deliver results in 4 activity areas for SEZs
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Project MINE will deliver results in 4 activity areas for SEZs
Create a supportive enabling environment for SEZs
Fast track the development of pilot model export- oriented SEZs
Bring in PPP partners to help transform government- owned SEZs
Develop world- class greenfield SEZs across Nigeria

7. Project MINE has a broad national footprint
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Abuja
Enugu
Adamawa
Bauchi
Bayelsa
Benue
Borno
Delta
Edo
Ekiti
Gombe
Imo
Jigawa
Kaduna
Kano
Katsina
Kebbi
Kogi
Kwara
Nasarawa
Niger
Ogun
Guangdong
Ondo
Osun
Oyo
Plateau
Rivers
Sokoto
Taraba
Yobe
Zamfara
Abia
Lekki
(Lagos)
Calabar
(Cross River)
Akwa
Ibom
Anambra
Brownfield Zones for Quick Wins
Greenfield Model Zones
Pre-development Studies ongoing
Selected for feasibility and predevelopment studies
Awaiting site selection

8. Introducing NSEZCO and its financing partners
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Introducing NSEZCO and its financing partners
The Nigeria SEZ Investment Company Limited (NSEZCO) has been incorporated as a delivery vehicle for Project MINE.
Public private partnership company operating to world-class standards of governance and management
Owned by Ministry of Finance Incorporated (MOFI) and partner development finance institutions such as Africa Export Import Bank (Afreximbank), Bank of Industry (BOI), Nigerian Sovereign Investment Authority (NSIA), Africa Finance Corporation (AFC) and the African Development Bank (AfDB)
NSEZCO will leverage the limited government funding for SEZ development by attracting co-investment and financing from long-term partners to develop world class export-oriented industrial zones in Nigeria
Ministry of
Finance Incorporated
DFIs & Institutional Investors
NIGERIA SEZ INVESTMENT CO LTD
1 Subject to internal and corporate approvals

9. NSEZCO is working with world-class partners to ensure that the overall project is a success
Involvement with NSEZCO
Partner
Profile
Potential anchor investors/ tenants in pilot SEZs
Ruyi Group is the largest textile manufacturer in China; operates in 10 countries across 3 continents
Flour Mills Nigeria is one of the largest agri-business groups in Nigeria
Anchor tenant(s)
Pre-development services for Enyimba Economic City
Surbana Jurong is an urban development and infrastructure consultant owned by the Singaporean Government. It has over 120 offices across 40 countries
Development advisors
Pre-development services for the Lekki Free Trade Zone
Dar is a project design, planning and management consultancy. Initially founded in Lebanon, it has grown to have a presence in 40 offices across 3 continents
Provision of support on investor attraction, tenant attraction and NSEZCO’s business model and structure
McKinsey and Company is a leading global management consultancy with a presence in over 120 cities in over 60 countries
Advisory services
Provision of legal services
Aluko and Oyebode, a top-tier full-service law firm, which provides legal services to local and international clients through its 3 locations across Nigeria
SOURCE: Press Searches, Company Websites

10. Enyimba City will be a catalyst for industrial revitalization of the South East and South South States
Over 9,500 hectares outside Aba, Abia State
Master planning, feasibility studies and detailed design have been completed for Phase 1
A consortia including Group Five SA, Bilal of UAE, China Harbour and CCGOC, China has been assembled for concession of outside fence Roads.
Will be served by existing IPP for uninterrupted power
 3 major international anchors have been secured for Phase 1
Will create over 625,000 jobs when fully built

11. 1,000ha in NE Cluster of Lekki Free Zone in partnership with Lagos State Government
World-class hard and soft infrastructure at competitive price
Proximity to petrochemical feedstock from Dangote Refinery for synthetic textile and garment manufacturing
World Class anchor tenants for textile & garments, agri-processing and light industrial manufacturing including the #1 Chinese and #9 global textile & garment group
Lekki Model Industrial Park will create over 70,000 jobs when fully built.

12. Our Early-Stage Projects
Funtua Cotton Cluster,
Katsina State
Funtua has the largest aggregation of cotton ginneries in Nigeria and is the traditional home of cotton ginning.
The Cluster will aggregate cotton from over 800,000 farmers in Northern Nigeria and become the largest integrated cotton ginning, spinning and weaving complex in Sub-Saharan Africa. It will re-establish the cotton value chain from seed cotton to finished fabric and provide feedstock for domestic and export oriented garment manufacturing. 12

13. We are building a Next Level Nigeria….
…a Nigeria of high quality manufacturing and service jobs, growth, opportunity, shared prosperity and a better life for millions of our people.

14. Thank you for your attention.