NIGERIA Invest in 2012-13 - Newsdesk Media

More documents

Recommendations

Info

118 ENERGY President Jonathan’s government has made tackling Nigeria’s energy problems a major national priority “The network has been starved of adequate investment for many years,” says Chris Pooley. He says the money, which promises to deliver a big boost to the economy on its own, will be spent on a total overhaul of the network – repairing existing equipment and building new gas, oil and hydroelectric power stations, high-voltage transmission lines and substations. Improving infrastructure In many areas, brand-new infrastructure will also be required, especially to feed electricity to Nigeria’s northern provinces, which have always been underserved in terms of power. “There is a very large need for capital investment,” says Pooley. “Nigeria needs large-scale replacement of existing infrastructure and a major extension of the current networks. It’s pretty essential for Nigeria to realise its wider economic aspirations.” The fact that the assets have already attracted intense interest from around the world demonstrates a vote of confidence in the process. Among over 200 shortlisted bidders are companies like Canada’s Manitoba Hydro, India’s Tata and Jindal Power and America’s Honeywell, as well as Powertek Berhad of Malaysia, POSCO of South Korea, China Southern Power Grid and Israel Electric Corporation. There is a lot at stake, says Kole Shettima, Africa director of the John D and Catherine T MacArthur Foundation in Abuja. If the government gets it right, a successful power privatisation programme could boost Nigeria’s GDP to as high as 10-12 per cent per year and put the country on a sturdy road to development. For decades, Nigeria’s economy has been heavily reliant on oil and gas – an industry INvEst IN NIGERIA 2012-13 40,000 megawatts to meet the needs of 150 million people 6,000 megawatts by 2013 5,000 megawatts by 2012 which has tended to build and develop its own power supplies and which has left other areas of the economy neglected. “There is enormous commercial potential within Nigeria but to date a lot of that has been concentrated in just one area,” says Pooley. “Other sectors of the economy have been neglected.” With more reliable power supplies, Nigeria could develop its other rich deposits of mineral wealth, such as coal and metals. Its once vibrant textile industry in the north-west, which has been devastated by power shortages, could also be reborn. “The lack of power has certainly undermined economic activity by adding to the cost of production… It would help to reduce costs and improve the business environment,” claims Pooley. Success would also serve as a model for other African countries, many of which are facing similar challenges and which have historically struggled to attract inward investment. Of course, nobody expects privatisation to be easy. Popular mistrust of the drive has been fuelled by concern at the higher prices consumers fear they may have to pay for electricity and by the threat of corruption. Employees of the national power company are also concerned about lay-offs and changes to their welfare benefits. But the potential rewards for the wider economy are undeniable, says Liz Donnelly. “It’s a huge and very complex reform but it really could be a very big win.” ■ Robin Pagnamenta is a business journalist working on The Times (London) who has specialised in the energy sector and was previously deputy business editor of the Sunday Express
www.ilf.com ILF – Engineering Excellence ILF ENGINEERS NIGERIA LTD No matter the energy portfolio: whether it is conventional power generation or clean, renewable and sustainable power generation, ILF Nigeria can fit into the mix. 30 years of experience and innovation have shaped ILF Nigeria into a true partner to support your investment decision. As a member of the ILF Group and with sister companies all over the world, ILF Nigeria can provide specialist expertise and mobilise resources in short lead times. Power & Electricity Generation • Gas Plants • Solar Plants • Wind Farms • Biomass Plants • Combined Heat and Power Plants • Power Lines • Local, State, Regional and National Grids • Distribution ILF Engineers Nigeria Ltd Plot 23, Water Corporation Drive Dideolu Estate, Victoria Island Extension, Lagos Tel. +234 0 1 212 59 99 Fax +234 0 1 212 69 99 info.los@ilf.com Power Division Our fields of competence ■ Thermal Power Plants ■ Renewable Energy Power Plants - Solar, Wind, Biomass ■ Hydropower Plants ■ Energy Transport and Distribution Systems Our services ■ Consultancy ■ Design and planning ■ Procurement ■ Project management ■ Construction supervision ■ Start-up
Page 1 and 2:
Invest in NIGERIA 2012-13 Published
Page 3 and 4:
Mubadala is an investment and devel
Page 5 and 6:
Invest in NIGERIA 2012-13 Editor La
Page 7 and 8:
Trade Facilitation/Development Init
Page 9 and 10:
Contents Forewords 16 21 The Policy
Page 11 and 12:
44 Promoting free and fair election
Page 13 and 14:
120 Industrial Infrastructure 124 1
Page 16 and 17:
16 FOREWORD Goodluck Ebele Jonathan
Page 18 and 19:
Ahmadu Bello University, Zaria, Nig
Page 20 and 21:
since 1989 Rotary kiln incinerators
Page 22 and 23:
Pushing boundaries An emerging lead
Page 24 and 25:
24 the policy agenda Realising Nige
Page 26 and 27:
Foreign policy and the investment e
Page 28 and 29:
28 the policy agenda prospects of l
Page 30 and 31:
www.nosakgroup.com Corporate Offi c
Page 32 and 33:
32 the policy agenda Democracy and
Page 34 and 35:
Sustainable business, social repons
Page 36 and 37:
36 the policy agenda There is no do
Page 38 and 39:
38 the policy agenda Working to ach
Page 40 and 41:
40 the policy agenda they had sexua
Page 42 and 43:
42 the policy agenda “The improve
Page 44 and 45:
44 the policy agenda Promoting free
Page 46 and 47:
46 the policy agenda The April 2011
Page 48 and 49:
48 the economy and finance Nigeria
Page 50 and 51:
Murphy Shipping…………Bridging
Page 52 and 53:
52 the economy and finance has been
Page 54 and 55:
Since 1994, Nigeria Inter-Bank Sett
Page 56 and 57:
56 the economy and finance Facts an
Page 58:
58 the economy and finance petroleu
Page 61 and 62:
Driving growth through Mobile Money
Page 63 and 64:
elevating the country to the upper
Page 65 and 66:
Zenith Bank plc Zenith Bank was est
Page 67 and 68: the economy and finance 67 Public r
Page 69 and 70: Improving Nigeria’s electricity n
Page 71 and 72: supply of electricity, though, will
Page 73 and 74: oil, gas and minerals 73 Nigeria’
Page 75 and 76: aBc Human development consultants l
Page 77 and 78: oil, gas and minerals 77 The decisi
Page 79 and 80: Empowering Nigeria Seven Energy Int
Page 81 and 82: Reliable partner in NIGERIA JASCON
Page 83 and 84: Crude oil exports by destination, 2
Page 85 and 86: The leading indigenous suppliers of
Page 87 and 88: DrillPet International Limited (DIL
Page 89 and 90: Step on the gas The Nigerian Gas Ma
Page 91 and 92: The original GMP proposed a gas inf
Page 93 and 94: Find out more at www.oriental-er.co
Page 95 and 96: To encourage the participation of l
Page 97 and 98: NEITI: the Nigerian Extractive Indu
Page 99 and 100: Cakasa (Nigeria) Company Limited St
Page 101 and 102: The government has ambitious plans
Page 103 and 104: Potential for growth The Nigerian g
Page 105 and 106: Oil and the Niger Delta Nigeria’s
Page 107 and 108: Shell estimates it has an additiona
Page 109 and 110: High Voltage transmission sending s
Page 111 and 112: Despite being rich in natural resou
Page 113 and 114: HEAD OFFICE POWER GENERATION TRANSM
Page 115 and 116: former university academic addresse
Page 117: Although efforts to bring electrici
Page 121 and 122: of one gigawatt coal-fired power pl
Page 123 and 124: © 2012 Caterpillar All Rights Rese
Page 125 and 126: The National Economic Development P
Page 127 and 128: Vehicle imports General cargo Conta
Page 130 and 131: Engineering & Construction STEMCO,
Page 132 and 133: 132 INDUSTRIAL INFRASTRUCTURE Suppo
Page 134 and 135: 134 INDUSTRIAL INFRASTRUCTURE One o
Page 136 and 137: 136 SOCIAL INFRASTRUCTURE Populatio
Page 138 and 139: 138 SOCIAL INFRASTRUCTURE Tackling
Page 140 and 141: 140 SOCIAL INFRASTRUCTURE the chanc
Page 142 and 143: 142 SOCIAL INFRASTRUCTURE Healthcar
Page 144 and 145: 144 SOCIAL INFRASTRUCTURE Obstetric
Page 146 and 147: 146 agriculture and water Growing t
Page 148 and 149: Electrical, Mechanical, Civil, Wate
Page 150 and 151: 150 agriculture and water sesame an
Page 152 and 153: Siat Group Investment Company in Tr
Page 154 and 155: 154 agriculture and water The devel
Page 156 and 157: 156 media, tourism aNd culture A ri
Page 158 and 159: 158 media, tourism aNd culture The
Page 160 and 161: 160 MEDIA, TOURISM AND CULTURE A ci
Page 162 and 163: 162 MEDIA, TOURISM AND CULTURE Top
Page 164 and 165: 164 DIRECTORY Government ministries
Page 166 and 167: 166 DIRECTORY Tel: 236 0521, 236 05
Page 168 and 169:
168 DIRECTORY United States of Amer
Page 170 and 171:
170 Index of advertisers Aero .....
Page 172:
ffordability - innovation eliabilit
show all

NIGERIA Invest in 2012-13 - Newsdesk Media

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?