Introduction

GLOBAL
Global Growth projection of 3.7% by IMF
U.S Economy becoming more stronger
Global Stimuli is easing
DOMESTIC
GDP Rebasing preliminary figure to be released
GDP has been consistently averaging 6.5% in the last 5 years
Restrictive Monetary Policy in Operation (CRR of 75%)
Inflation: last year single digit as well as Jan.,2014 at 8.0%
Proposed Budget of N4.642trn ($29bn) with Capital (27%)
and Recurrent (77%)
INVESTMENT ENVIRONMENT
It is pertinent to note that both government
policies and business risks have given credence
to the different arrays of investment
opportunities that abound in the country. These
opportunities cut across major sectors of the
economy ranging from agriculture, financial
services, telecoms, manufacturing, energy and
power, hospitality and the likes.

INVESTMENT ENVIRONMENT CONTD
GOVERNMENT
Efforts of the government in making the economy conducive for
investments has led to different policy initiatives and incentives. Some
of the policies that have triggered investment opportunities are:
The Agricultural transformation Agenda
The inauguration of the Mortgage Refinancing Company with a seed
capital of $250m from government
The petroleum Industry Bill (PIB)
Automobile Policy
The inauguration of the Industrial Revolution Plan and the Enterprise
Development Programme (NEDEP)
Power sector reform
Recapitalisation drive in both Insurance and PMIs
INVESTMENT ENVIRONMENT CONTD
BUSINESS RISK
Non passage of PIB
High cost of doing business
Insecurity and Vandalism
Election risk
SECTORAL ANALYSIS
TELCOMS SECTOR
Sales & Lease of Transmitter Towers
MTN: 8000, Airtel :5,000, Etisalat: 2,500
@ an estimated cost of $150,000 per tower, we are looking
at a tower Market of over $2.3b.
Towers specialist firms-Eaton Towers, Helios Towers Africa,
IHS
Broad Band Opportunity: Data
Drivers: Cheap internet enabled phones, Increased
emancipation about social networks, youthful population
SECTORAL ANALYSIS CONTD
OIL & GAS SECTORS:
Divestment by IOCs
The amount of divestment by IOCs since 2013
put at over $10b.
Marginal Fields Licenses
Government is set to license 31 OMLs to bidders
Liquefied Gas

SECTORAL ANALYSIS CONTD
POWER SECTOR
Sale of Existing Power Plants
Privatisation of Government 80% stake in NIPP
Auxiliary Services: Metering Business

FINANCIAL SERVICES INDUSTRY
The Too big to fail Banks
Consolidation in the Insurance Industry
Recapitalisation Process of Microfinance Bank
Primary Mortgage Institutions (PMIs)


SECTORAL ANALYSIS CONTD
AGRICULTURAL SECTOR
Agriculture contributes over 40% to GDP, employs
over 70% of labour force.
Nigeria food import bill stood at over $11bn in
2012.
Sugar; Groundnut; Cocoa; Rice
MANUFACTURING
Automobile Industry
Cement
Steel


Opportunities and Funding
Investment opportunities:
Debt Financing
Equity Capital raise
Private portfolio
Auxiliary business
Funding:
Export and Import Banks: Afrexim, China Etc.
Institutional Investors

TSSs STRATEGIC FOCUS
MEDIUM TERM
Structured Finance
Project Finance
Research: Financial Modelling Services

LONG TERM
Corporate Finance
Stock Brokerage
Hedge Fund
RESEARCH AND STRATEGY UNIT
How does Research and Strategy will Come into
Play?
The Research and Strategy will focus all providing
Market intelligence and Industry reports. Example
of reports
Policy Analysis
Market Report and Economic Outlook
Industry Report
Business Development





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