NIGERIA Invest in 2012-13 - Newsdesk Media

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NIGERIA�ELECTRICITY�LIABILITY�MANAGEMENT�LTD/GTE FEDERAL GOVERNMENT�OF�NIGERIA POWER�SECTOR�REFORM Pursuant to the implementation of the provisions of the Electricity Power Sector Reform Act, 2005, (EPSR), the�National�Council�for�Privatisation�in�pursuant�to�Section�8�of�the�Electric�Power�Sector�Reform Act,�incorporated the Nigeria Electricity Liability Management Ltd/gte (NELMCO) as a company limited by guarantee of the Federal Government of Nigeria with registration number RC 664658. NELMCO is one of the companies created from the unbundling�of�the�Power�Holding�Company�of�Nigeria�(PHCN) MANDATE To�assume�and�administer�the�stranded�debts�and�non-core�assets�of�PHCN pursuant�to�the�provisions�of�EPSR�Act�2005. To�assume�and�manage�Pension�liabilities�of�employees�of�PHCN. To�hold�the�non-core�assets�of�PHCN,�sell�or�dispose�of�or�deal�in�any�manner for�the�purpose�of�financing�the�payment�of�debts�or�other�related�matters. To�take�over�the�settlement�of�PHCN's�Power�Purchase�Agreement�(PPA)�debts obligations,�legacy,�debts�and�other�liabilities��as�may�be�determined�by�the National�Council�on�Privatisation�from�time�to�time. To�sell,�let,�mortgage,�dispose�of,�deal�in�any�of�the�property�or�non-core�assets�of the�company�as�may�be�expedient�with�a�view�to�promoting�its�objects. To�do�all�such�other�things�as�are�incidental�or�may�be�thought conducive�to�the attainment�of�the�above�objects�or�any�of�them. STATUS In�August�2010,�the�Federal�Government�of�Nigeria�through�its�Government�Notice th No.�374�issued�its�Official�Gazette�No.85�Vol.97�dated�20 August2010�containing the�details�of�the�transfer�of�Assets,�Liabilities,�and�Staff�etc�to�NELMCO. rd On�23 October,�2011,�the�Shareholders�of�PHCN,�that�is,�the�BPE�and�MOFI�executed the�Transfer�Instrument�that�formally�transferred�all�PHCN�Non-Core�Assets,�Liabilities and�relevant�Staff�to�NELMCO. NELMCO�commenced�start�up�activities�in�January,�2010�and�is�now�fully�operational. Nelmco’s�Functions Liability�Management Debt�&�Liability�Management Assets�Management Pension Management Superannuation�Fund�Mgt. Consultancy�&�Procurement Corporate�Services Budgets Finance�& Accounts Procurement HR Administration PENSION Plot�1359B, Alfayyun�Street,�Wuse�Zone�3, Abuja,�P.�M.�B.�136,�Garki Abuja, Tel�:+234�7098513425,�+234�7098513426,��E-mail:�info@nelmcong.org website:�www.nelmcong.org Dr.�Sam Agbogun MD/CE�NELMCO Vision To�be�a world-class manager�of�liabilities and�stranded Assets�in a�transitional electricity�market Mission To�ensure sanctity�of�contracts and�settlement�of pension�and third�party liabilities Core�Values Honesty, Integrity, Accountability, and Transparency TMT
Contents Forewords 16 21 The Policy Agenda 24 Goodluck Ebele Jonathan President of Nigeria Dalhatu Sarki Tafida Nigeria High Commissioner to the United Kingdom Realising Nigeria’s investment potential Nigeria has become one of the world’s fastest-growing economies and has good investment potential across all sectors 32 38 41 Democracy and reform: looking to the future Nigeria’s progress and annual growth is encouraging. This article takes a look at how this progress can be sustained in the long-term Working to achieve the Millennium Development Goals Despite strong efforts towards meeting the MDGs, Nigeria’s oil wealth could prove an obtacle to the country’s development Progress in governance reform Legislation is in place to tackle corruption and raise accountability to improve democracy, transparency, justice and development Invest In nIGeRIA 2012-13 9
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: Trade Facilitation/Development Init
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
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elevating the country to the upper
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Zenith Bank plc Zenith Bank was est
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the economy and finance 67 Public r
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Improving Nigeria’s electricity n
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supply of electricity, though, will
Page 73 and 74:
oil, gas and minerals 73 Nigeria’
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aBc Human development consultants l
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oil, gas and minerals 77 The decisi
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Empowering Nigeria Seven Energy Int
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Reliable partner in NIGERIA JASCON
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Crude oil exports by destination, 2
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The leading indigenous suppliers of
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DrillPet International Limited (DIL
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Step on the gas The Nigerian Gas Ma
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The original GMP proposed a gas inf
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Find out more at www.oriental-er.co
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To encourage the participation of l
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NEITI: the Nigerian Extractive Indu
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Cakasa (Nigeria) Company Limited St
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The government has ambitious plans
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Potential for growth The Nigerian g
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Oil and the Niger Delta Nigeria’s
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Shell estimates it has an additiona
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High Voltage transmission sending s
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Despite being rich in natural resou
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HEAD OFFICE POWER GENERATION TRANSM
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former university academic addresse
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Although efforts to bring electrici
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www.ilf.com ILF - Engineering Excel
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of one gigawatt coal-fired power pl
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© 2012 Caterpillar All Rights Rese
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The National Economic Development P
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Vehicle imports General cargo Conta
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Engineering & Construction STEMCO,
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132 INDUSTRIAL INFRASTRUCTURE Suppo
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134 INDUSTRIAL INFRASTRUCTURE One o
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136 SOCIAL INFRASTRUCTURE Populatio
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138 SOCIAL INFRASTRUCTURE Tackling
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140 SOCIAL INFRASTRUCTURE the chanc
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142 SOCIAL INFRASTRUCTURE Healthcar
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144 SOCIAL INFRASTRUCTURE Obstetric
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146 agriculture and water Growing t
Page 148 and 149:
Electrical, Mechanical, Civil, Wate
Page 150 and 151:
150 agriculture and water sesame an
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Siat Group Investment Company in Tr
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154 agriculture and water The devel
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156 media, tourism aNd culture A ri
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158 media, tourism aNd culture The
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160 MEDIA, TOURISM AND CULTURE A ci
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162 MEDIA, TOURISM AND CULTURE Top
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164 DIRECTORY Government ministries
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166 DIRECTORY Tel: 236 0521, 236 05
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168 DIRECTORY United States of Amer
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170 Index of advertisers Aero .....
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ffordability - innovation eliabilit
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