Professional Documents
Culture Documents
9.0 Interfaces 84
9.1 NIRP’s Integration with Nigeria’s macroeconomic plans and vision 84
9.2 NIRP’s Integration with development plans on raw materials 85
9.3 NIRP’s Integration with plans that develop Nigeria’s Infrastructure and
support services 87
9.4 NIRP’s Integration with Nigeria’s Trade Policy and Strategy 89
9.5 NIRP’s Integration with Nigeria’s Investment Policy and Strategy 91
10.0
Programme Organization and Monitoring 92
O
ver the last 100 years, our country imports, boost exports, and broaden our tax
has made very significant progress base. The NIRP has a limited time-frame within
in its political, social and economic which we will accelerate industrial capacity
development. We successfully transitioned to expansions and reforms.
democratic rule in 1999 and have peacefully
changed power through three Presidents All developed and emerging economies have
between then and now – a veritable evidence of used industry as the key driver of modernization.
the growing strength of our political institutions. Industry is what creates the platform that attracts
In the area of social transformation, we are capital and technology.
also waxing strong and our sense of a national
identity as Nigerians has never been as strong Without industry, a country’s economy cannot
as it is today. evolve, sufficient jobs will not be created and
wages may not grow.
As we go forward, Nigeria’s economic
transformation will however be our strongest I am emboldened by the achievements we have
legacy. A strong economy creates wealth, already recorded while implementing parts of
improves living standards and ensures a stable the NIRP over the last three years. The interest
political and social environment. This is why my shown by investors also proves that we are on
focus since this administration assumed office the right track and must therefore sustain these
in 2011 has been to fundamentally restructure efforts.
and diversify the Nigerian economy, to ensure
sustained growth, and create jobs for our This is a journey Nigeria must undertake. I am
teeming youth. confident that the NIRP will industrialize our
great country and that it will create the jobs and
We have achieved remarkable macroeconomic wealth to make Nigeria achieve the fullness of its
stability, consolidated Nigeria’s fiscal policy and potential and reach the heights of its glory.
positioned Nigeria’s real sector for unparalleled
growth. Nigeria’s growth rate of 6 to 7 percent Goodluck Ebele Jonathan, GCFR
per annum is still one of the top 10 in the President, Federal Republic of Nigeria
world. Our exchange rates have been stable
T
hese are interesting times for us Africans. since 2011, and we have achieved significant
Our continent has become the favorite momentum with government agencies and the
destination for investors, both local and private sector during this period.
global. Africa has been the World's fastest
growing continent over the last 10 years. In developing the NIRP, we have learnt from the
Between 2001 and 2010, Africa had 6 of the experiences of other countries, as well as our own
World’s top 10 fastest growing economies; and experience as a country. But more importantly,
over the next 10, Africa will have 7 out of the top we have looked inwards at the peculiarities of
10. our market, so we set a direction that is truly
attuned to utilizing the best of Nigeria’s assets.
At the center of this economic momentum on All countries that have industrialized have done
the Continent, is Nigeria, the most populous so by taking actions based on conviction and
African country, and its 2nd largest economy. courage. National development cannot be
Under the leadership of his Excellency, Mr. imported, it must come from within. We know we
President, Dr Goodluck Ebele Jonathan, GCFR, become knowledgeable by learning from others,
this government has set out to diversify the but we only become wise by understanding
Nigerian economy and address the fundamental ourselves.
infrastructural issues hindering productive
activities in our country. The goal is to move The Nigeria Industrial Revolution Plan is a five
Nigeria beyond selling just raw materials, into year plan to rapidly build up industrial capacity
more value-added manufacturing activities. We and improve competitiveness in Nigeria. The
can and we must produce what we consume. plan identifies Industry groups where we have
The days of exporting raw materials and jobs, comparative advantage – Agro Allied and
(C )Basic Metal, Iron and Steel and (H) Motor Vehicle & Miscellaneous
Fabricated Metal Products Assembly
• Steel Pipe • Boat/Ship Building
• Metal Packaging • Automobile Components
• Foundry • Electric Generators Assemblers
• Metal Manufacturers and Fabricators • Miscellaneous Machine & Equipment
• Primary Aluminium Producers • Bicycle
• Enamel Wares • Motorcycle
• Welding Electrode • Horology
• Galvanised Iron Sheets • Motor Vehicle Assemblers
• Nail and Wires
• Steel (I) Domestic and Industrial Plastic &
Rubber
(D) Non-Metallic Mineral Products
• Rubber products
• Glass • Domestic and Industrial Plastics
• Ceramics Foam Manufacturers
• Asbestos
• School Chalks & Crayons (J) Wood and Wood Products (including
• Cement Furniture)
(E) Electrical & Electronics • Wood Products and Furniture (Excluding
• Electronics Metal Furniture)
• Refrigerators & Air conditioning/ Domestic Plywood & particle Board
Appliances
• Electric Bulb Lamps , Accessories &
Fittings
• Electrical Power Control & Distribution
Equipment
• Cable and Wire
• Opportunities: Build up labor intensive sectors- • Opportunities: Attract investments from East Asia,
With unemployment rates hovering around where labor costs have begun to rise – Nigeria also
21 percent, (and underemployment possibly has the unique opportunity to benefit from
higher) an industrialization strategy will rising production costs in China and some
ensure that Nigeria builds up sectors that of the other East Asian Nations reputed as
will generate employment. The available manufacturing hubs for multinationals.
unengaged workforce can serve as a strong Figure 9 – Average Labor Costs in China have been rising over
pool of labor to drive the next 5 to 10 years the last decade
3.7 Implementation Structure and Work President of the Federal Republic of Nigeria.
The Steering Committee will chaired by the
Approach
Honorable Minister of Industry, Trade, and
Investment; while the Presidential Advisory
Effective implementation of the NIRP requires
Committee will be chaired by the Honorable
collaboration among multiple ministries and
Minister of Industry, Trade, and Investment, with
agencies, and continuous dialogue and
a leading private sector Industrialist serving as
consultation with key stakeholders. For this
alternate chair.
reason, an inclusive governance model
and programme management structure has
(Refer to Section on ‘NIRP Programme
been created to support NIRP’s execution.
organization and Monitoring’ for details).
The Federal Ministry of Industry, Trade, and
Investment will lead the charge and coordinate
the implementation. 3.8 NIRP Investment Expectations
The NIRP Steering Committee (made up of The NIRP has evaluated the peculiarities of
public Sector implementing agencies) and an each sector, and identified the potential for GDP
NIRP advisory committee (constituted mainly impact, jobs, and transaction strategies (i.e.
of the Private sector) will report directly to the greenfield and\or expansions), to meet the NIRP
objectives.
Key Challenges:
The specific sectoral challenges of Nigeria’s
food processors include:
Scope: The NIRP scope covers midstream and (iii) Shortage of high-grade palm oil – A shortfall
downstream processing and marketing of the of high quality palm oil (especially for
oil palm. This includes Crude Palm Oil milling, industrial use), resulting in underutilized
Oil refining, palm kernel crushing, Olechemical processing and refining capacity.
plants, domestic distribution, and exports.
(iv) Informal Palm oil imports from neighboring
Background: Between the 1960s and today, countries – Smuggling of finished palm
Nigeria’s palm oil industry experienced a decline products from West Africa reduces
from being a net exporter, to becoming a net industrial benefits of Nigeria’s tariff regime.
importer of 30-35 percent of its palm oil needs.
Nigeria’s current consumption exceeds 2 million (v) Other structural barriers - High cost of
tonnes a year, while production is just above power, tough investment climate, high cost
1.3 million tonnes. Most of the CPO for industrial of funding, low finished goods standards
use is imported into the country. By 2020, local for exports etc.
production is expected to reach ~5million
tonnes p.a., driven by plantation expansions, NIRP Action Items (first phase):
improvements in yields and conversion rates,
and increased processing capacity which (i) Facilitate increased integration and scale
will satisfy 100 percent of domestic demand, of palm producers – Facilitate expansion
replace current imports and contribute surplus programmes with existing integrated
production that can be exported. players in the country; and attract other
Figure 24 – Split of domestic consumption of Palm Oil in Nigeria
large integrated players into the market.
Background: Cocoa remains Nigeria’s major (iv) Inadequate Cocoa Storage and Unreliable
agricultural export, with our country ranking as Shipments – Investments in inventory
the fourth largest producer in the world. Nigeria’s management and warehousing facilities.
Cocoa output is just above 300,000 tonnes a Cocoa supplies are difficult to predict and
year, about 96 percent of which is exported. largely unreliable.
Over the past few decades Nigeria’s position
in global Cocoa rankings has been on the
decline, with the largest producers now ranked (v) Structure of the International market –
as follows: Cote d’Ivoire (34 percent), Indonesia Only a handful of international companies
(16 percent), Ghana (16 percent), and Nigeria dominate the processing and supply of the
(9 percent). Nigeria’s current Cocoa export intermediate cocoa product (cocoa butter
earnings are ~US$900 million, with significant and powder, and ‘industrial’ chocolate),
potential to increase exponentially. accounting for over 35 percent of total
worldwide cocoa grinding capacity. This
Figure 25 – Largest Cocoa producers globally
implies significant market power in the
hands of just a few companies on the
international cocoa market.
(iv) Review Export Incentives Scheme – The specific sectoral challenges of Nigeria’s
Nigeria’s export expansion grant schemes Leather industry include:
will be recalibrated to ensure Cocoa
bean supplies are available for domestic (i) Highly Fragmented Cattle rearing market
processing. with numerous abattoirs – Nigeria’s cattle
rearing industry is dominated by small
[These are summarized NIRP action points. and medium sized players.
The detailed actions for this subsector are within
the “NIRP- Cocoa Processing Plan” Document #
NIRP\2\1\4 ] (ii) Quality of Hides and Skins produced-
Scarcity of hides and skins in the right
quality and quantity.
4.5 Leather Products
(iii) Weak Tanning and Leather Preparation
Scope: The NIRP scope covers midstream and
downstream processing and marketing of the Standards - to fully utilize its manufacturing
leather products industry. This includes sourcing capacity for leather products, the
hides\skins, marketing of raw hides\skins, manufacturing industry need more
processing (tannery), warehousing, product sources of quality inputs. Locally tanned
design, finished product manufacturing, and hides and skins tend to be of poor quality,
exports. and produce limited high grade leather.
Background: The Nigerian leather industry (iv) High Consumption of Skins\Hides for
is subscale with very few large industrial food – Nigeria also has a prosperous
manufacturers in the market. Nigeria currently local food market for raw hides and skins,
exports about US$600 million of leather called “Ponmo,” which is considered
products, while the Global leather market is a a delicacy. Currently the demand for
US$75 billion industry. The major leather players “Ponmo” competes against the demand
are located in Northern Nigeria around the Kano- for tanning, receiving 5 times the price for
Kaduna industrial cluster. products with fewer quality demands.
(vi) Other structural barriers - High cost of Background: For rubber, the absence of a
power, tough investment climate, high cost local large tire manufacturer is a key issue.
of funding, low finished goods standards Nigeria’s marquee rubber operators, closed
for exports etc. their plants in 2006 and 2009 respectively due
to non-conducive tariff policies and degrading
infrastructure. This has led to an increase in
NIRP Action Items (first phase):
imports with new tires currently accounting for
73 percent of all rubber imports.
(i) Facilitating the Emergence of Large Scale
Cattle Ranches – Small hold cattle rearing
leads to a confluence of issues, including The industry is highly raw material intensive.
poor livestock husbandry, inadequate Raw material costs accounts for 65-70% of the
flaying and preparation skills. Specific total production cost of tyres.
steps will be taken to promote large single-
owned cattle ranches, or establishment of Figure 27 – Nigerian Rubber Export and Imports
grazing reserves for multiple small scale
herders.
(iv) Use of Scrap – Scrap Aluminum is unduly (i) Non-operational upstream smelting
exported rather than used as feedstock to capacity – The upstream value-chain to
local plants process iron-ore into ingots has largely
been under developed in Nigeria. The
(v) Unreliable Power\Energy – Aluminum Ajaokuta integrated Steel complex, is
manufacturing requires significant the Steel plant with the nation’s largest
amounts of energy. Nigeria’s power sector smelting capacity, but has not begun
has been unable to supply the required operations on a commercial scale. Focus
energy to make the Aluminium sector has therefore been on finished products,
competitive. specifically the cold rolled steel making
process.
NIRP Action Items (first phase): (ii) Sizeable Mineral deposits, need to
be further developed - Despite the
(i) Streamlined Tariff regime on Aluminum abundance of iron ore and coal in Nigeria,
products– Review existing tariff regime on these deposits need to be further proved-
Aluminum products to block loopholes, up and developed for exploitation. The
and ensure adequate tariffs are paid on all specific characteristics and geology of
categories of finished Aluminum products. specific deposits will need the appropriate
technology to excavate on a case-by-case
(ii) Reviewed Standards – A review of product basis.
Standards allowed in locally manufactured
Aluminum products.
(vi) Limited Credible Sponsors on Large Scale (v) Facilitate Special Development
projects – The Nigerian market currently Agreements between Large Scale Housing
has few sponsors able to deliver and Developers and State Governments
manage large scale affordable housing – The NIRP will develop a standard,
estates. internationally acceptable, project
development agreement template on
NIRP Action items (first phase) “Town-Size Developments” which will
support development of large scale
housing projects in Nigeria. The NIRP will
(i) Map-out the largest affordable Housing engage with each of the 36 States and
Estate Projects in each State of Nigeria FCT, to adopt the standard agreement
– The NIRP will develop and maintain a template as a common baseline in town
pipeline of affordable housing projects, size development agreements. NIRP will
with 300 units or more, in each State of also identify and promote major housing
Nigeria. These projects will be constantly projects to credible international and
used to engage with State Governors, domestic housing developers.
to highlight status of development, and
Nigeria Industrial Revolution Plan 53
[These are summarized NIRP action points. The (iv) Counterfeiting and Intellectual Property
detailed actions for this subsector are within the “NIRP- – Consumer and Home goods require
Construction” Document # NIRP\5\1\1] the development of strong brands as a
competitive edge. Intellectual property
infringements will be addressed to
7.3 Light Manufacturing
promote more investments in consumer
goods,and product counterfeiting.
Scope – With the growing middle class in
Nigeria, demand for light manufactured NIRP Action items (first phase)
goods has increased over the years. Sales of
consumer and home goods like electronics, (i) Product Standardization – NIRP will
home appliances, and personal care products work with the Standards Organization of
are on the rise. Currently manufacturers of Nigeria (SON) to identify gaps in product
certain types of consumer electronics already standards of specific Nigerian products,
have plants within the country where they as compared with expected international
assemble appliances such as air conditioners, benchmarks. NIRP will develop “Quality
refrigerators and televisions. The benefit for them Enhancement Schemes” for these
is the large demand for these goods, and the specific product lines, and work with the
possibility of using Nigeria as a hub for the West top 10 local producers in each product
African market. Overall, Nigerian industry has category, to enhance product quality and
built decent capabilities in consumer goods, but standards.
will need to further deepen capacity in durable
home goods.
(ii) Detail out and widely publish expected
Key Challenges: - Technical Standards on specific product
Imports - This will ensure that low-quality
(i) Competition with imported products - The goods are not arbitrarily dumped in Nigeria
local manufacturers of consumer products at the expense of the local industry.
have to compete with an influx of imported
goods, sometimes of a cheaper nature
and lower quality.
(iii) Value-Chain Partnerships- The NIRP,
working jointly with NEDEP, will roll-out
value chain partnerships to link Nigeria’s
(ii) Access to raw materials – Many raw medium and large scale businesses with
materials required for certain consumer MSMEs. This initiative will cluster MSMEs
goods (e.g. electronics) need to be around specific products\services, and
imported into the country, thereby driving work with the larger corporates to explore
up the prices of finished/assembled ways of domesticating specific items
goods produced locally. currently imported within their value-
chains.
(iii) Inadequate research – The consumer
goods/light manufacturing sector is (iv) Intellectual Property and Branding - The
characterized by changing needs of NIRP will facilitate the consolidation
customers, new models, and frequent of all intellectual property and trade
version releases from international mark regulations in Nigeria into a single
competitors. In order to compete globally, agency\department with well-defined
the local industry will need to develop its responsibilities. The Intellectual property
marketing, research and development agency\department will cordinate with
capabilities to stay ahead of the pack and SON and NAFDAC to enforce rules
meet evolving consumer tastes.
Timeline: Q3 2014
Primary Responsibility: SMEDAN, NEPZA
Other Stakeholders: MITI, State Governors, BOI,
Ministry of Agriculture, Ministry of Mines & Steel,
Ministry of Communication and Technology,
Ministry of Science and Technology
Timeline: Q3 2014
Primary Responsibility: NEPZA
Other Stakeholders: Key State Governments,
Importance of Skills Development
FTZ sponsors The development of Industrial skills is one of the
most critical issues facing Nigeria today. The
(vii) ConsolidateIndustrial Support Systems, emphasis on skills development globally is in-
creasingly on “employable skills”- which are the
in new Industrial Cities, and in existing practical and immediate skills needed by com-
Industrial Zones – NIRP will develop and panies in the market place. Most skills in this
implement an operating model to ensure all category are categorized under Technical and
Industrial support requirements are always Vocational Education (TVET). Nigeria must solve
available within Nigeria’s industrial Zones the current paradox, where on the one hand
and Cities. These will include – support for many youths are unable to find jobs, while on
Skills and training, Innovation, Standards, the other hand companies claim they have jobs
available but cannot find people with requisite
Streamlined Regulations, and Financing.
skills. There is therefore a gap in skills devel-
oped, and industry needs.
Figure 33 - Youth Unemployment and Level of TVET (European
Timeline: Q4 2014 Countries)
Primary Responsibility: NEPZA and MITI
Other Stakeholders: Ministry of Education,
Ministry of Science and Tech, Standards
Organization of Nigeria, ITF, NIPC, CAC, BOI,
FIRS, State Governments
Timeline: Q2 2014
Primary Responsibility: MITI, Ministry of National
Planning
Other Stakeholders: Ministry of Works, Ministry
of Transport, Ministry of Power
Timeline: Q1 2015
Primary Responsibility: MITI, ITF
Other Stakeholders: Organized Private Sector
(v) Certified Private Sector Industrial Skills
Centers – NIRP will facilitate the inclusion
and certification of credible private
sector providers, who provide facilities,
equipment, and curriculum, recognized
under the government’s industrial skills
acquisitions programmes.
Timeline: Q2 2014
Primary Responsibility: ITF, MITI, Ministry of Education Timeline: Q1 2015
Other Stakeholders: State Governments, ITF, Primary Responsibility: MITI, ITF
Manufacturing groups in States, Other Stakeholders: Private Educationalists,
Ministry of Education
(iii) Restructuring Industrial Training Fund (and
(vi) ITF Curriculum – NIRP will review the
Partnerships with SENAI Brazil) – NIRP ITF curriculum to emphasize depth over
will reform the ITF to operate using the breadth. Specific skills groups will be
SENAI (Brazil) model for vertical skills emphasized based on national needs and
development, and using the German model investment trends as forecasted over the
for internship programmes. Governance of next few years. The ITF curriculum to be
the ITF will be expanded to include more standardized, and updated to be flexible,
private sector inputs. progressive, and with milestone training
Timeline: Q2 2014
Primary Responsibility: MITI and NIPC
Other Stakeholders: All MDAs in OSIC
10. Development of KPI tracking mechanism
on Investment Climate issues – NIRP to
develop a government monitoring system
to objectively and regularly keep track
of key indicators in Nigeria affecting the
experience of Investors. The indicators will
ensure that approved Investment Climate
policies are adequately and effectively
implemented across agencies. These
results will be reported to key decision
makers in the Nigerian government
every quarter. The system will also be
supported with an open complaints
mechanism to route issues Investors and
NIRP Actions
(i) A National Quality Policy (NQP) –
The NQP will be built on a number of key
Importance of Standards principles. It will act as a catalyst for quick
adaptation of best global standards and
Having good Product and Process Standards practices; and will improve management
in Nigeria is key to ensuring local products process systems, and work environments.
can be exported, and our domestic market is The NQP will have 6 key objectives (a) To
not proliferated with low quality goods. Good strengthen Nigeria’s metrology system
Industry standards are beneficial to the Industry and, in particular, raise the profile of
collectively, and protects consumers. It facilitates metrology as a significant component
exports and leads to increased product sales in the country’s overall activities; (b) To
as consumer perceptions on “Made in Nigeria” establish the appropriate framework
goods significantly improve. for the development and publication of
national standards, to clearly define the
The Standards Organization of Nigeria (SON) has role of the national standards organization
taken various measures to improve standards at the pinnacle of all standardization
and quality of products; however Nigeria has for work, and to involve all stakeholders in
many years had challenges on product quality the process; (c) To expand the use of
that need to be addressed. accreditation into the national regulatory
environment; (d) To provide a framework
Current Challenges in Nigeria for the inclusion of technically competent
conformity service providers in both the
• Absence of a clear National policy statement public and private domain, (e)To give
on product quality and quality infrastructure. clear mandates and proper definition of
• Insufficient laboratories available for product responsibilities on the administration of
testing and certifications. technical regulations, and (f)To provide
• Technical standards for some products have a national quality promotion strategy that
not been defined in detail (e.g. spare parts builds on the national quality infrastructure
and components). and assists the country’s enterprises in
• Fake, adulterated, or substandard products becoming globally competitive.
within the market stifling the growth of local
industries. Timeline: Q2 2014
• Smaller businesses already struggling with Primary Responsibility: SON and NAFDAC
other rising operational costs, occasionally Other Stakeholders: MITI, MAN, Customs, CPC
begin to compromise product and process
quality to stay-afloat (ii) Standards Harmonization – Harmonize
• Misperception that a made in Nigeria good minimum acceptable product standards
is low quality, or not as good as the imported for all major Industrialists and multinationals
alternative in Nigeria. This is to ensure Nigerian
companies are not unduly restricted from
Timeline: Q2 2014
Primary Responsibility: MITI, BPP
Other Stakeholders: All Federal Government
MDAs, State Governments Importance of Finance
3. “Buy Naija” Programme - NIRP will expand The availability and affordability of capital is
MITI’s “Buy Naija” Campaign to target essential for growth of the Nigerian Industrial
large private sector corporates and the sector. To successfully industrialize, Nigeria
general consumer public on the need to needs to attract and encourage large scale
patronize locally made goods for industrial investments in manufacturing plants, and their
development. NIRP will also facilitate the ancillary assets. Without adequate financing
launch of the “Buy Naija. Create jobs” provided at reasonable costs, Industry cannot
campaign to encourage both the public expand and modernize. It is estimated that
and private sector to purchase goods, Funding costs can add anywhere between 10
which are made within Nigeria. percent and 30 percent to the costs of business
operations within a manufacturing concern,
Timeline: Q2 2014 depending on the business model, and the
financing structure adopted.
Primary Responsibility: MITI, Buy Naija Project
Other Stakeholders: Nigerian Corporates, Nigerian Industry requires adequate funding
General Public in equity and debt financing to be sustainable.
Typically the costs of debt funding set the
4. Value Chain Partners – NIRP will coordinate floor from which equity investors also set their
with the Nigeria Enterprise Development expectations. As such, an expensive debt
Programme (NEDEP) in implementing environment, means an even more expensive
a scheme to integrate Nigerian MSMEs equity environment. Nigerian Manufacturers
into the value-chains of large Nigerian have identified the high costs of debt financing in
10.1 Organizational Structure – Roles (vi) Provide overall guidance and direction
to the “Steering Committee”, and the
Honorable Minister of Industry, Trade, and
Mr President
Investment.
Sectoral Teams will not be standing committees, Enabler Teams will not be standing committees,
but setup for specific durations of time, to but setup for specific durations of time, to
achieve well identified scopes of work. Teams achieve well identified scopes of work. Teams
will be created, as needed, for the following will be created, as needed, for the following
NIRP sectors: Food processing (Beverages, NIRP Enablers: Industrial Infrastructure; Skills;
and Packaged foods); Sugar; Palm oil Innovation; Finance; Investment Climate;
processing; Cocoa processing; Leather and Standards; and Local Patronage.
Leather Products; Rubber Products; Textiles
and Garments; Cement; Auto Assembly; Basic Investor Relations
Metals; Aluminum; Chemicals; Petrochemicals;
Fertilizers; Methanol; Refineries; Plastics; The NIRP is designed to attract real and trackable
Housing (construction); Light manufacturing; investments and expansions in the country.
and Services. Its implementation will develop a pipeline of
transactions that will be monitored, and will help
Support Structure\Enabler Teams remove roadblocks to implementation. An NIRP
investor database, as well as a programme
The Support Structure\Enabler Teams will be database, will be created and maintained
created as needed by the Project Office, and during the life of the project. These tools will be
Inaugurated by the Chairman of the Steering foundational systems that MITI will sustain and
Committee. The Teams will be setup to achieve continue, after completion of NIRP.
very specific goals, whenever needed, and
reconstituted as the objectives change. Investment promotion and Investor relations are
central to the NIRP’s implementation. To achieve
Support Structure teams will be constituted this, the NIRP will have a small unit within the
of – the public sector represented by relevant programme, leveraging existing capabilities
MDAs, private sector, development agencies, of the NIPC. The NIRP will ensure that large
and external consultants; Industrial Projects are given the appropriate
level of visibility and attention within government,
The key roles of the Sectoral Teams are to: and any regulatory hurdles are unlocked. The
(i) Develop detailed NIRP Support Structure\ Investment promotion disciplines and principles
Enabler plans as needed built by the NIRP, will as much as possible, be
(ii) Update the Enabler Plans annually institutionalized within the NIPC, so the best
based on results from the implementation practice approach is sustained.
programme
(iii) Provide inputs into specific policy, The key roles of the Investor Relations Team are
regulatory, or review documents prepared, to :
and to be approved by Mr President, (i) Identify and build relationships with the
FEC, the National Assembly, or any other top 20 global players in each of the NIRP
approving authority strategic sectors.
(iv) Provide inputs into any enabler specific (ii) Identify and build relationships with the
bills, or regulations top 10 African players in each of the NIRP
(v) Engage stakeholders within specific strategic sectors.
enabler groups to ensure buy-in of NIRP (iii) Identify and build relationships with the
initiatives and plans top 20 Nigerian players in each of the