Fountain Holdings Limited - NigerianMuse
Fountain Holdings Limited - NigerianMuse
Fountain Holdings Limited - NigerianMuse
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<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong><br />
Olusegun Osinkolu<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> 1<br />
…a dream of enterprise and industry in motion
Shared Vision<br />
Be the most efficiently managed government-owned business vehicle in<br />
Nigeria<br />
• <strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> is the business vehicle of Ekiti state with<br />
a major goal to widen the sources of revenue for the state<br />
• Ekiti state will use this vehicle to participate in business ventures<br />
with the sole aim of profit in order for it to add to the state’s revenue<br />
• <strong>Fountain</strong> <strong>Holdings</strong> will act as a catalyst in encouraging investments<br />
in the viable sectors of the economy- Ekiti state and Nigeria<br />
• Government provides investor confidence by its engagement and a<br />
vehicle guarantees professionalism in its business operations<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> 2<br />
…a dream of enterprise and industry in motion
Strategic Goals<br />
• 30% contribution to Ekiti state revenue base<br />
• Ensure 100% profit making for all businesses<br />
• Real-Return over <strong>Fountain</strong> <strong>Holdings</strong>-hurdle rate<br />
• Be the model for government-owned business vehicles<br />
• Build a professional holding company operations with competent<br />
management and respected investment methodology<br />
• Be one of the most sought after investment partners in Nigeria<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> 3<br />
…a dream of enterprise and industry in motion
<strong>Fountain</strong> <strong>Holdings</strong>: Our First Quarter<br />
• Activate legal, executive, strategic and administrative take-off of<br />
<strong>Fountain</strong> <strong>Holdings</strong><br />
• Collate all existing businesses and managed portfolios of<br />
quoted/unquoted investments<br />
• Conduct Diagnostic Audit of existing businesses and managed<br />
portfolios of quoted/ unquoted investments<br />
• Formulate <strong>Fountain</strong> <strong>Holdings</strong> Strategy<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> 4<br />
…a dream of enterprise and industry in motion
Strategic Management<br />
1 2<br />
Strengthen the<br />
Revitalization<br />
Plan &<br />
Execute<br />
Establish<br />
Investment<br />
Methodology<br />
Framework<br />
3<br />
Conduct<br />
Environmental<br />
Scanning of the<br />
Nigerian<br />
Economy<br />
4 5<br />
6<br />
Establish<br />
Effective<br />
Management of<br />
Businesses<br />
Enhance the<br />
Integration of<br />
the Portfolio by<br />
Acquisition or<br />
Organic Build<br />
Build Market<br />
Centres<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> 5<br />
…a dream of enterprise and industry in motion
Existing Business<br />
• Dairy Farm<br />
• Print Press<br />
• Gossy Water<br />
• Hotel<br />
• Timber<br />
• Asphalt<br />
• Quarry<br />
• Properties<br />
• Brick Factory<br />
• Odu’a Investment<br />
• Quoted/Unquoted Investments<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> 6<br />
…a dream of enterprise and industry in motion
Future Opportunities<br />
• Commodities: Agricultural Products<br />
• Energy: Power and Oil & Gas Products<br />
• Manufacturing: Processing plants, Brick making<br />
• Financial Services: Mortgage bank, Micro finance bank<br />
• Markets & Shopping Malls<br />
• Infrastructure: Tolls /Civic Center<br />
• Transportation: Water/Land<br />
• Equipment leasing<br />
• Technology<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> 7<br />
…a dream of enterprise and industry in motion
Role in New Government<br />
• Generate revenue for the state<br />
• Provide a vehicle for PPP – Private Public Partnership<br />
• Generate employment opportunities<br />
• Fill source and resource gaps in Industry<br />
• Provide civic and social infrastructure<br />
• Catalyst to investors in state economy<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> 8<br />
…a dream of enterprise and industry in motion
A New Agenda<br />
Outsourcing<br />
Technical<br />
Partnerships<br />
Concessions<br />
Strategic<br />
Alliances<br />
Public<br />
Private<br />
Partnership<br />
Joint<br />
Ventures<br />
<strong>Fountain</strong><br />
<strong>Holdings</strong><br />
Business<br />
Model<br />
Project<br />
Partnership<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> 9<br />
…a dream of enterprise and industry in motion
Strategic Locations<br />
Ado Ekiti<br />
• Head Office for Administrative<br />
/Governance Convenience<br />
Lagos<br />
• Business Office required to have<br />
presence in the country’s<br />
Commercial/ Financial Centre<br />
Abuja<br />
• Representative Office required to<br />
have business and political<br />
presence at the FCT<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> …a dream of enterprise and industry in motion<br />
10
Operating Approach<br />
• Leadership: Selection of capable professionals in the holding<br />
office<br />
• Selection of capable professionals to run as COOs of the<br />
subsidiaries<br />
• Working Style: “for-profit-centre” on behalf of government<br />
• Process Engineered: result oriented project driven businesses<br />
• Leverage Results: operation of joint ventures, PPP, strategic<br />
alliances<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> …a dream of enterprise and industry in motion<br />
11
Business Goals<br />
Revenue<br />
Growth<br />
Employment<br />
Opportunities<br />
Business<br />
Goals<br />
Markets<br />
Expansion<br />
Financial<br />
Management<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> …a dream of enterprise and industry in motion<br />
12
Advantages of Acting Now!<br />
• Administration will showcase its visionary bias to governance<br />
modelled after Obafemi Awolowo’s government-in-business<br />
vision<br />
• <strong>Fountain</strong> <strong>Holdings</strong> will support the State Government’s 8-point<br />
agenda<br />
• Portion of profits will be available for other programs of the<br />
state<br />
• Revival of businesses that are making losses and not<br />
contributing to the state’s finances<br />
• Improve overall productivity<br />
• Increase investments in the state economy<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> …a dream of enterprise and industry in motion<br />
13
Our Legacy<br />
Ekiti is a land of honour not a poor state.<br />
Rich minds can never be poor. There is wealth in<br />
our honour.<br />
Your Excellency, with your visionary leadership<br />
and renewed focus, drive and energy in <strong>Fountain</strong><br />
<strong>Holdings</strong> <strong>Limited</strong>, we have a lifetime opportunity<br />
to create the future we want for our people, but<br />
only if we invent it.<br />
‘This is our legacy’.<br />
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> …a dream of enterprise and industry in motion<br />
14
<strong>Fountain</strong> <strong>Holdings</strong> <strong>Limited</strong> …a dream of enterprise and industry in motion<br />
15
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