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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. The government launched the ERGP to put Nigeria on a path of sustainable socio-economic development. Vision for 2020.

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BOLA TINUBU COLLOQUIUM 28 March 2019

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  1. Overview of Project MINE and Nigeria SEZ Investment Company LimitedDr Okechukwu EnelamahHon Minister of Industry, Trade & Investment BOLA TINUBU COLLOQUIUM 28 March 2019

  2. The government launched the ERGP to put Nigeria on a path of sustainable socio-economic development Vision for 2020 • The broad objectives of the ERGP are to restore growth, invest in our people and build a globally competitive economy • 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 • H.E. President Muhammadu Buhari Enablers • Governance, security, public service reform, and subnational coordination

  3. Industrialization drives inclusive growth and structural transformation 1 - SOURCE: UNIDO, World Bank, 2 – Prof Justin Yifu Lin, New Structural Economics

  4. 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. 8_84 5_84 6_84 10_84 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 95_85 53_85 Greenfield Model Zones Brownfield Zones for Quick Wins Pre-development Studies ongoing Sokoto Selected for feasibility and predevelopment studies Awaiting site selection Katsina Jigawa Yobe Zamfara Borno Kano Kebbi Kaduna Bauchi Gombe Adamawa Niger Plateau Abuja Kwara Nasarawa Oyo Taraba Ekiti Kogi Osun Benue Ogun Guangdong Ondo Enugu Edo Anambra Lekki (Lagos) Calabar (Cross River) Abia Delta Imo Rivers Akwa Ibom Bayelsa

  8. 137_84 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.

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