The FT Nigeria Summit will shine a light on the country’s complex economic and investment climate. The agenda will focus on how Nigeria can diversify away from oil dependency, deliver long-term inclusive growth and realize its ambition to become Africa’s economic powerhouse.
FT Nigeria Summit
Dispelling Uncertainty and Building Resilience
Federal Republic of Nigeria
Sultan Ahmed Bin Sulayem
DP World Group
Malam Nasir El-Rufai
Federal Republic of Nigeria
Nigeria is now, more than ever, a country of huge potential and tough challenges. The reduction in oil export earnings is at the heart of many of the country’s woes but it has also given renewed impetus for the government to implement reforms, strengthen economic resilience and diversify sources of revenue.
The need to boost non-oil exports is high on the agenda. Efforts are focused on overcoming the barriers to increasing domestic production such as infrastructure deficit, lack of skills and shortage of foreign exchange. A large dynamic workforce, strong culture of entrepreneurship and aspirational consumer market are all working in Nigeria’s favour to bring about change and give the country a competitive advantage.
The FT Nigeria Summit will shine a light on the country’s complex economic and investment climate - bringing together senior policy makers, major international investors and corporations, and multilateral organisations to put forward concrete recommendations and realistic solutions aimed at facilitating investment and overcoming the challenges the country faces.
KEYNOTE SPEAKER (1)
Oluyemi Oluleke Osinbajo was born in 1957 in Lagos. He is a Senior Advocate of Nigeria, SAN, Professor of Law and until his inauguration as Vice President, a Senior Partner with SimmonsCooper Partners, a commercial law firm and a leading global legal practice and business solutions provider.
Yemi Osinbajo was educated at the University of Lagos where he was awarded a LLB Law degree. In 1979 he attended Nigerian Law School. In 1981, he was awarded a Master of Laws from the London School of Economics and was employed as a law lecturer at the University of Lagos.
From 1983, he was Senior lecturer of Law at the University of Lagos and from 1988 to 1992; he was an Adviser (legal advice and litigation) to the Attorney-General of the Federation and Minister of Justice, Prince Bola Ajibola. From 1997, he was Professor of Law and Head of Department of Public Law, University of Lagos.
From 1999 to 2007, Osinbajo was a member of Cabinet, Lagos State where he served as Attorney-General and Commissioner for Justice. From 2007 to 2013, Osinbajo was again employed as a Professor of Law, Department of Public Law, Faculty of Law, University of Lagos. In 2007, Osinbanjo became the Senior Partner, SimmonsCooper Partners (Barristers and Solicitors).
After the formation of the All Progressives Congress (APC) in 2013, Prof. Yemi Osinbajo was tasked alongside other notable Nigerians, to design and produce a manifesto for the new political party. This culminated in the presentation of the "Roadmap to a New Nigeria," a document published by APC as its manifesto in the 2015 general elections. The highlights of the Roadmap included a free schools meal plan, a conditional cash transfer to the 5 million poorest Nigerians if they enroll children in school and immunize them. There were also a number of programs designed to create economic opportunities for Nigeria's massive youth population.
On December 17, 2014, the presidential candidate of the APC, retired General Muhammadu Buhari, announced Osinbajo as his running mate and vice-presidential candidate for the 2015 general elections. Three months later on March 31, 2015, Buhari was returned by the Independent National Electoral Commission (INEC) as the winner of the presidential elections. Prof. Osinbajo became the Vice President-elect of Nigeria. They were both sworn in on May 29, 2015 at the Eagle Square, Abuja, and subsequently assumed office.
As the Vice President of the Federal Republic of Nigeria, he chairs the National Economic Council and also chairs the President’s Economic Management Team that makes recommendations, to the president.
The President has asked that VP Osinbajo be in charge of the implementation of the administration’s Social Investment Programmes, SIPs following his campaign promise to feed a school child one hot meal per day. Beyond feeding the school children, he emphasized that this plan will create jobs and spur agriculture and the economy as the food would be produced locally.
Sultan Ahmed Bin Sulayem
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World and Chairman of Ports, Customs & Free Zone Corporation, is one of Dubai's leading businessmen.
Mr Bin Sulayem’s expertise and visionary leadership spearheaded the rapid expansion of Dubai’s infrastructure, including ports and free zones, contributing significantly to the stellar growth trajectory of the United Arab Emirates. He was also a leader in developing the infrastructure supporting Dubai’s successful tourism industry, among various other sectors.
Highlights of his three-decade business career include:
- Leading marine terminal operator DP World’s expansion internationally, including the purchase of the P&O group for US$6.8 billion in March 2006, which propelled it to one of the largest global port operators and trade enablers in the world with 78 marine and inland terminals in six continents
- Overseeing the rapid development of the Jebel Ali Free Zone (Jafza) into an unrivalled business park of more than 7300 companies
- Establishing and leading Nakheel, a real estate and tourism property development firm that has created many iconic Dubai projects including The Palm, the world’s largest man-made islands
- Establishing and leading Istithmar World, a major investment house focusing on private equity with a portfolio of investments in diverse sectors across North America, Europe, Asia and the Middle East including retail, financial services, industry, tourism and hospitality, and healthcare
- Pioneering the Dubai Multi Commodities Centre (DMCC), a market for gold and precious metals, diamonds and coloured stones, energy and other commodities
Mr Bin Sulayem is a BS graduate in Economics from Temple University Philadelphia, USA. He is a Board Member of the “Dubai Executive Council”, the “UAE Federal Tax Authority” and “Hyperloop One”.
Malam Nasir El-Rufai
Malam Nasir El-Rufai has devoted himself to public service to make it a better place for all. He attended Ahmadu Bello University where he graduated with a first class honours in Quantity Surveying. In 1982, he founded El-Rufai & Partners, a foremost Quantity Surveying consultancy firm. Not only did he run a successful business, El-Rufai also acquired an MBA and sufficient training in computer science to ginger him into becoming one of the first investors in the Internet Service Provision sector in Nigeria.
El-Rufai distinguished himself at the BPE, showcasing a clear-headedness, tenacity and courage that persuaded President Obasanjo to saddle him in 2003 with the difficult job of managing Abuja, as the minister of the Federal Capital Territory.
After nine years in public office, El-Rufai returned to school, completing a law degree and enrolling for a Master’s in Public Administration at the Kennedy School of Government, Harvard University. Since his return to the country, he has been active as a vocal public intellectual and has maintained a popular weekly column.
In April 2015, El-Rufai, was elected Governor of Kaduna State on the platform of the APC. In that office, he has brought zeal, innovations and results to governance. Anchored on the Restoration Programme, the manifesto of the Kaduna APC, he is leading a team to remake governance in the state and align all priorities to the sustainable delivery of public goods. He has scored many firsts. Among other unique steps, he is the first to attach portfolios while sending his cabinet nominations for confirmation and is the first to implement the Treasury Single Account.
Abebe Aemro Selassie is the Director of the IMF’s African Department, with responsibility for the Fund’s operations and engagement with the 45 member countries from sub-Saharan Africa. He assumed this role in September 2016. Prior to this assignment, Mr Selassie was Deputy Director of the Department.
Between 2011 and 2013, he was in charge of the IMF’s work on Portugal under its IMF/EU/ECB-supported adjustment program (2011-13). From 2009 to 2011, he was the mission chief for South Africa, leading the Article IV discussions with the government, and Chief of the African Department’s Regional Studies Division.
From 2006 to 2009, Mr Selassie was the IMF’s Senior Resident Representative in Uganda. Earlier in his career, he worked on the Fund’s lending programs with Turkey (1999-2001), Thailand (1998-99), Romania (1997-98) and Estonia (1996-97) as well as taking part in extensive policy, operational review, and economic research work.
Before joining the IMF in 1994, he worked for the Government of Ethiopia (1992-94) and the Economist Intelligence Unit in London (1991-92). An Ethiopian national, Mr Selassie did his graduate studies at the London School of Economics.
Miguel Melo Azevedo joined Citigroup in 2010 as Head of Corporate and Investment Banking Portugal. In mid-2012, he was appointed Head of Investment Banking Africa (exc. SA & Egypt). In November 2017 he was appointed Head of Investment Banking for the Middle East and Africa (ex SA)
Prior to working at Citigroup, Mr Azevedo was a Senior Country Advisor in Bank of America Merrill Lynch and an Executive Director in Goldman Sachs
He has an MBA in Finance from City University (Cass) Business School, and an Economics degree from Nova School of Business and Economics
He has been extremely active with his Citi colleagues in advising on reference M&A transactions for clients such as Helios on HTN sale in Nigeria, Brookside (Kenya), Lafarge Africa (Nigeria), Actis/Diamond Bank (Nigeria), AMCON/ Enterprise Bank, Kansai (Japan and East Africa) and TGI/CHI (Nigeria). In the capital markets space, Mr Azevedo has been involved in some reference transactions in Africa such as: Bond deals for Liquid Telecom, IHS, Nigerian banks including Zenith, UBA, AFC and Access amongst many others; he has also been involved in some of the largest equity deals out of Sub-Saharan Africa such as Atlas Mara, Seplat and Fairfax Africa and Unilever Nigeria;
Mr Azevedo is a regular contributor to CNBC Europe, CNBC Africa and BloombergTV as well as a regular speaker in Africa focused events (World Economic Forum Africa; Milken Institute; New York Forum Africa, Africa Investment Summit).
Benedict Okey Oramah assumed the position of President and Chairman of the Board of Directors of the African Export–Import Bank (Afreximbank) on 21 September 2015.
He was previously the Executive Vice President in charge of Business Development and Corporate Banking from October 2008. In that position, he supervised the business development departments and units of the Bank, namely, Trade Finance and Branches; Project and Export Development Finance; Syndications and Specialized Finance; and Corporate Finance and Advisory Services. He also supervised the Research and Knowledge Management department and assisted the President in overseeing the Strategic Planning and International Cooperation functions. Dr. Oramah joined Afreximbank as Chief Analyst in 1994 and was promoted to the position of Senior Director, Planning and Business Development in 2007.
Prior to joining Afreximbank, he was an Assistant Research Manager at the Nigerian Export-Import Bank from 1992.
Dr. Oramah holds M.Sc. and Ph.D. degrees in agricultural economics, obtained in 1987 and 1991 respectively, from Obafemi Awolowo University, Ile-Ife, Nigeria. He received a B.Sc. degree, also in agricultural economics, from the University of Ibadan, Nigeria, in 1983. He has published a book, “Foundations of Structured Trade Finance”, and has written more than 35 articles on a wide range of African economic, trade and trade finance issues.
He is a regular speaker in trade and trade finance conferences around the world. Dr. Oramah served, until recently, as Chairperson of the Africa Chapter of IFG and sits on the Editorial Boards of Trade and Forfaiting Review and the Journal of African Trade. He is also a member of the International Cocoa Organization’s Consultative Board on World Cocoa Economy.
Adesola Kazeem Adeduntan (FCA), Managing Director/CEO, First Bank of Nigeria Limited, was appointed to the Board in 2014 as Executive Director/Chief Financial Officer. He brings over 20 years’ experience which spans across various functions in the financial services industry. Before joining FirstBank, he was a Director and the pioneer Chief Financial Officer of Africa Finance Corporation, a start-up operation between November 2007 and June 2014. He bought into the vision of the founding fathers of AFC and built a world-class financial institution that outlived its founders and contributed immensely to the development of Africa. He served on the Board of AFC Equity Investment, Mauritius, Director and Chairman of Board Cabeolica SV, a commercial windpower producer in the Republic of Cape Verde. Dr Adeduntan was appointed as Vice President and Chief Financial Officer of Citibank Nigeria Limited in 2005 and left as a Senior Vice President. He was a Senior Manager in the Financial Services Group of KPMG Professional Services and a Manager at Arthur Andersen Nigeria where he managed high profile assurance, financial and risk advisory engagements. Sola also had a brief stint at the defunct Afribank Nigeria Plc (now Mainstreet Bank) as a graduate trainee where he worked mainly in banking operations.
Over the course of his sterling career, he has garnered diverse expertise in Treasury & Financial Management, Risk Management, Accounting/Auditing/Internal Controls, Corporate Governance, Corporate Strategy Development and Implementation, Corporate Finance, Business Performance Management, Business/Financial Advisory, Investors, Regulators and Rating Agencies Relationship Management, Deployment and Management of Information Technology, and Compliance. Dr Adeduntan attended University of Ibadan, where he obtained a Doctor of Veterinary Medicine (DVM) degree. A Fellow of the Institute of Chartered Accountants of Nigeria (FCA), he holds a Master’s Degree in Business Administration (MBA) from Cranfield University, United Kingdom which he attended as a distinguished “British Chevening Scholar.” He has attended executive programmes at Harvard, Wharton Business School, Cambridge, Oxford and INSEAD. Dr Adeduntan is a member of Sigma Educational Foundation, which is focused on enhancing the quality of tertiary education system in Nigeria, and a member of the prestigious Metropolitan Club. He is happily married with children and loves music.
Venkataramani Srivathsan (“Sri”) joined Olam International in 1994 and has more than 25 years of experience in the commodities industry. He has held various positions in the Olam group, including country head, Ghana; country head, Nigeria; and regional head, West and Central Africa. Currently, he is the managing director and CEO for Africa and the Middle East, with oversight responsibility for the fertiliser business.
Mr Srivathsan belongs to the 12-member executive committee that is Olam’s top policymaking body, and is a member of its human resource and crisis committees. He is also the vice-chairman of the Singapore Business Federation, a member of the NTU-SBF Centre for African Studies executive committee as well as on the advisory board of the Pan African University Lagos (Lagos Business School).
With over 20 years of pan-African experience, Mr Srivathsan has presented many papers on small holder farmer in the Pan African forums. He has also been part of the advisory committees for the ministry of agriculture and the ministry of trade and industry in Nigeria. Under his leadership, Olam Nigeria won several international and national awards. He was awarded a prestigious World Business for Peace Award in 2010.
Dr. Christopher Marks is Managing Director – Head of Emerging Markets, EMEA, Mitsubishi UFJ Financial Group (MUFG). Christopher is responsible for leading MUFG's emerging markets strategy, with a particular emphasis on furthering the Bank's presence in Africa and Central & Eastern Europe. He joined from the African Development Bank, where he was a Senior Adviser and resident in Abidjan. Previously he was Global Head of Debt Capital Markets at BNP Paribas in London. During his career, Christopher has worked with and advised numerous governments and public institutions. He has a PhD from Princeton University.
Yaw Nsarkoh is the Executive Vice President (EVP) of Unilever Ghana and Nigeria.
Prior to this, he served as the Managing Director for Nigeria from 1st January, 2014 to 31st December, 2016 and Managing Director, Unilever, East and Southern Africa, based in Kenya from 2010 to 2013.
He was at one time the Strategic Assistant to the President and Unilever Executive Member for Asia, Africa, Central and Eastern Europe based in the United Kingdom and then Singapore.
He also served at various times in the past as Marketing Director and Executive Board member for Unilever, Ghana. He has done many other roles in South Africa and in Ghana for Unilever.
Mr Nsarkoh holds a Honors Degree in Chemical Engineering from the University of Science and Technology, Kumasi, Ghana and a Post Graduate Diploma in Management from Henley Management College, United Kingdom.
Mr Nsarkoh currently sits as executive member on a number of Trade/Employee Associations and Strategic Private Sector committees in Nigeria.
He is the Chairman of the Diversity and Inclusion (D&I) board for Unilever Africa and represents Africa on the Unilever global D&I board.
He is an associate member of Ghana Institution of Engineers; a Director of Changing Lives Endowment Fund (CLEF) in Ghana and a former Director of the Kenya Association of Manufacturers and Chairman of East African Shippers Council.
Mr Nsarkoh also sits as a member, Board of Advisors, Lagos Business School.
He is a regular speaker on business issues, specifically Marketing and Leadership at public fora.
Mrs Lamarche heads Lazard’s Sovereign Advisory Group. She focuses on Government Advisory relating to macro-financial and funding policies and has assisted a wide range of sovereign clients on issues relating to financial stability, financial crisis management including debt restructuring, as well as strategic financial operations such as privatizations, nationalizations and the financing of major infrastructure projects. During her various assignments, Mrs Lamarche has worked closely with multilateral institutions such as the IMF, the World Bank, regional development banks etc. and has an extensive network of relationships in the international financial community (including banks, fund managers, sovereign wealth funds, etc.). Mrs Lamarche is currently advising the Republic of Mozambique on the restructuring of its external debt, the Republic of Congo on its sovereign rating, the Republic of Gabon on macro fiscal issues, market access and liability management strategy, as well as the Democratic Republic of Congo on the Inga hydropower project, Bahrain's sovereign wealth fund Mumtalakat on its funding strategy. Mrs Lamarche received the 2017 Euromoney awards on behalf of Lazard for “World’s Best Bank for Public-Sector Clients”. She holds an MBA from the University of Berkeley, California and MS in Management from the Ecole des Hautes Etudes Commerciales (HEC Paris).
Onyeche Tifase is a Chartered Engineer with extensive experience in the power and consulting industries. She graduated with a degree in Electrical & Electronics Engineering from the University of Nottingham and completed her Masters degree in Electrical Engineering from the University of Cambridge. She started her career with Siemens in 2001 as an Electrical Engineer in the Power Distribution Division of Siemens Plc UK and thereafter progressed up the ranks taking up other key roles in Siemens Germany and Siemens USA. Mrs Tifase worked with Accenture Nigeria from 2006 in the area of management consulting and in 2009 returned to Siemens as Deputy General Manager Medium Voltage and Transformers for Siemens Ltd. Nigeria. Mrs Tifase’s career path and achievements over the years led her to become the first Nigerian Managing Director, Chief Executive Officer of Siemens Nigeria effective November 1, 2014. She resides in Lagos, Nigeria and is happily married with three children. She is an avid supporter of local content development initiatives and participates actively in key programs focused on the mentoring and development of the Nigerian youth.
Paul Hinks is the Founder and Chief Executive Officer of Symbion Power, LLC, as well as the Chairman of Invest Africa, US. He is the former Chairman and a current board member of the Corporate Council on Africa in Washington.
As the driving force behind Symbion, Mr Hinks has spent his entire working life in the power industry. His career spans 40 years and in that period, he has worked in the UK, USA, Africa, the Middle East and Asia. This includes the work Symbion undertook in Iraq and Afghanistan where the company played a leading role in the US led reconstruction.
Symbion Power is one of the largest US investors in the Power Sector in Africa. Since 2014 it has invested in 1,378 MW of installed generating capacity in Nigeria, Tanzania, Rwanda, Kenya and Madagascar.
Symbion Power is a US Independent Power Producer based in New York City that has built, owned and operated electricity infrastructure in the Middle East, Africa and Asia. With a deep commitment to empowering local communities we bring together the knowledge and operational know-how to succeed in the world’s most challenging construction environments.
Lola Kassim is a seasoned professional with over 10 years of international experience working at senior private sector and government levels in Africa and Canada on strategy development, operations, policy making and capability building.
Most recently, she spent 3.5 years as a management consultant with McKinsey and Company, where she led teams providing strategic business insights and implementing organizational and operational improvements in the energy, public, and financial services sectors in West and Southern Africa.
Prior to this, Ms Kassim worked as a Governance Advisor with the Liberian Presidency through the Africa Governance Initiative, supporting a unit driving delivery of Presidential infrastructure priorities.
Ms Kassim began her career with the Canadian government where she was served as Policy Advisor to senior officials and managed units developing policy, strategy, and business cases regarding socio-economic development programming for Canada’s Aboriginal communities and foreign policy.
A Nigerian – Canadian, she holds a Bachelor’s degree from Harvard University and an MSc from the London School of Economics where she was a Chevening Scholar.
Oscar Onyema has been CEO and member of the National Council of The Exchange since April 2011. In this role, he is responsible for superintending the general working of The Exchange.
Mr Onyema is the President of African Securities Exchanges Association (ASEA); Chairman of Central Securities Clearing System PLC (CSCS), the clearing, settlement and depository for the Nigerian capital market; and Chairman of the subsidiaries of The Exchange. He has served as a Council member of Chartered Institute of Stockbrokers (CIS); Global Agenda Council member of World Economic Forum (WEF); board member of FMDQ OTC PLC and National Pension Commission of Nigeria (PENCOM).
Prior to relocating to Nigeria, he served as Senior Vice President and Chief Administrative Officer at American Stock Exchange (Amex). He also ran the NYSE Amex equity business after the merger of NYSE Euronext and Amex in 2008.
He holds the Nigerian National honor of Officer of the Order of the Niger (OON); is a Fellow of the Institute of Directors (IOD); and member of London Stock Exchange (LSEG) Africa Advisory Group. Forbes listed him as one of the ten most powerful men in Africa in 2015.
Mr Onyema completed the Harvard Business School Advanced Management Program (AMP) in 2015. He got his MBA from Baruch College, New York in 1998; and BSc from Obafemi Awolowo University, Ile-Ife, in 1991.
Tonye P. Cole is the co-founder and executive director of the Sahara Group. An architecture alumni of the University of Lagos and Harvard Business School's Advanced Management Program (AMP186), he, together with his partners has grown the company, founded in 1996, from a single entity to a leading African Energy (Oil, Gas and Power) and infrastructure conglomerate with operations in over 10 countries across four continents of the world.
Mr Cole is an active member of the World Economic Forum’s Partnering Against Corruption Initiative (PACI) and also represents Sahara as a member of the Private Sector Advisory Group of the United Nations Sustainable Development Fund (UN SDG-F) - in recognition of Sahara Group’s role in promoting inclusive economic growth for poverty eradication, capacity building, food security and access to potable water in Africa.
His passion for youth development and giving back to the less privileged is expressed through his foundation Nehemiah Youth Empowerment Initiative and Corporate Social Responsibility arm of the group, Sahara Foundation; which has recorded many interventions in the area of Education, Environment, Health, Capacity building and currently in the area of Extrapreneurship using a model that seeks to drive sustainability and create platforms that finds, creates and connects young people with business interests in emerging markets.
A motivational speaker, ordained minister, entrepreneur and firm believer in Africa's inherent greatness, he has travelled vastly delivering numerous papers to the continents youth. He is a regular columnist for This day Style and the author of Morning Reflections, an inspirational devotional and My God Thinks.
He is married to Dr. Sylvia Cole with whom they have three children
Yewande Sadiku is Executive Secretary/CEO of Nigerian Investment Promotion Commission (“NIPC”), Nigeria’s foremost investment promotion agency. Until her appointment, she was the Executive Director responsible for the articulation and delivery of the Stanbic IBTC Group’s Corporate and Investment Banking strategy, ensuring the realisation of business opportunities in Nigeria’s complex operating environment. She managed key relationships with regulators, primarily the Central Bank of Nigeria, Securities and Exchange Commission, Nigeria’s securities exchanges, and several of Nigeria’s leading corporate and multinational clients.
Ms Sadiku was previously Chief Executive of Stanbic IBTC’s investment banking business. In a 23-year banking career, Ms Sadiku was involved in assignments for clients in virtually every sector of the Nigerian economy, helping to raise several trillions of Naira in long term debt and equity, and advising on a variety of financial advisory assignments, while ensuring strict legal and regulatory compliance. She played an active role in the development of the Nigerian capital market by participating in industry committees and frequently facilitated dialogue between corporates and regulators.
Ms Sadiku chaired the Rules and Compliance SubCommittee, which advised SEC on the rules that guide the operation of Nigeria’s Investments and Securities Act for over a decade. Ms Sadiku was awarded the Eisenhower Fellowship for International Leadership in May 2010; she was one of “35 International Women Under 35” featured in the October 2007 edition of World Business Magazine. She has an interest in bringing formal financing to the Nigerian film industry; she raised funding for Half of a Yellow Sun (2014) a full feature film. Ms Sadiku holds a BSc in Industrial Chemistry (second class upper honours) from University of Benin, Nigeria and an MBA from University of Warwick, England.
Uche Orji is the Managing Director & Chief Executive Officer of the Nigeria Sovereign Investment Authority (NSIA) having recently been reappointed by the President of Nigeria for another 5-year term. As pioneer CEO, he led the operationalization of the NSIA and has been responsible for driving its growth strategy from inception.
Prior to joining the NSIA as MD & CEO in 2012, Mr Orji was a Managing Director in the Equities Division of UBS Securities, New York. Before then, he had spent 6 years at JP Morgan Securities, London, from 2001-2006, rising from the post of Vice President to Managing Director within the Equities Division.
Mr Orji had also worked at Goldman Sachs Asset Management, London from 1998-2001. First joining as an Associate, he rose to become an Executive Director before resigning in 2001. Hitherto, he was Financial Controller at Diamond Bank Plc., Lagos, Nigeria and previously worked at Arthur Andersen & Co. a global firm of auditors and management consultants.
Under his leadership, the NSIA is today a highly regarded institution, serving as a trusted partner and investment advisor to the Federal Government of Nigeria while the institution has consistent ranked in the top quartile of the Sovereign Wealth Institute’s transparency ranking. Mr Orji’s visionary leadership continues to inspire the NSIA towards delivering commercial viable initiatives for the country in key sectors of the Nigerian economy.
Mr Orji studied Chemical Engineering at the University of Port Harcourt, Nigeria, graduating in 1990, and subsequently obtained an MBA from Harvard Business School in 1998.
Juliet Anammah has over twenty-five years of professional experience in Consumer Goods, Sales and Marketing Management Consulting and eCommerce. She commenced her career with Sanofi Aventis in 1991 and worked in key sales /marketing capacities till 1999. In 1999 she joined Accenture’s Strategy service line as a senior consultant and worked on various engagements largely related to corporate strategy, business planning, marketing strategy, business architecture design and mergers and acquisition. She also worked on large scale organization design and implementation projects and aligning business processes and technology to support business objectives. In 2004 she launched Accenture’s Products Operating Group which covers Accenture’s consulting services for Fast Moving Consumer Goods, Retail and Transport Industries in West Africa. She became a Partner at Accenture in 2013
Mrs Anammah is presently the Chief Executive Officer of Jumia Nigeria, a position she undertook in 2015 and oversaw Jumia’s transition from online Retail to a Marketplace. Jumia is an online Marketplace operating in 26 African countries. Jumia’s scope covers eCommerce, Travel booking, Food ordering and Classifieds. She holds a Bachelor of Pharmacy degree, an MBA in Finance and is an alumnus of Wharton’s Advanced Management Program.
A fellow of the Nigeria Leadership Initiative and a member of the Institute of Directors of Nigeria. Mrs Anammah is also on the Board of Diamond Bank Plc as a non-Executive Director. She is a member of the Industrial and Competitiveness Council of the Federal Government where she serves as the Chair of Skills and Acquisition sub-team.
Nir Marom is an entrepreneur and the co-founder of Lumos, a disruptive off-grid solar energy provider focused on emerging markets. The company offers affordable solar systems to the 1.3 billion people worldwide who are not connected to the grid, using an innovative, pay-asyou-go system in partnership with mobile service providers. In December 2016, Lumos announced an historic deal in the form of a $90 million investment, the largest ever in the off-grid.
Lumos is today partnered with MTN, one of Africa’s largest mobile providers, and the world’s most influential development organizations including DFID and OPIC. The company has today distributed over 73,000 systems in Nigeria, providing affordable, clean, reliable power to over 250,000 people, and recently announced expansion to the Ivory Coast.
Before founding Lumos, Mr Marom founded two successful, innovative companies in the energy spaceGreenlet Technologies (a high-tech startup which developed and sells utility scale energy demand management hardware and software) and SunIsrael (a solar energy producer –which develops, finances, builds, operates and owns large scale solar facilities).
Danladi Verheijen is the co-founder and Managing Director of Verod Capital, a leading Nigerian investment firm established in 2008. Verod manages over $200 million in assets and has invested in a wide variety of projects which generate positive social and economic impact in West Africa. It was named one of the “Top 20 Funds to Watch in 2016” by Private Equity Africa and “Best Private Equity Firm Nigeria 2015” by Global Banking & Finance Review. As the Nigerian economy went through its worst recession for 25 years, Verod continued to attract funding and in 2015 secured a major US bank’s first ever African investment.
Verod’s focus on sustainable developments has seen a wave of pioneering investments in the past 18 months, including a major investment in one of Nigeria’s first organic farms and a large-scale greenfield recirculating aquaculture company. Verod was amongst the original signatories of the COP22 African Financial Institutions’ Commitment on Low Carbon Development, alongside organisations including the African Development Bank, Africa 50, and CDG.
Mr Verheijen founded the Verod Foundation in 2012. The Foundation partners with schools in lesserdeveloped neighborhoods to improve educational standards and access to educational opportunities, and currently works with three schools in low-income areas of Victoria Island, Lagos. Before co-founding Verod, Mr Verheijen held positions at Citibank Nigeria, Ocean and Oil Holdings, and at McKinsey & Company. He has an MBA from Harvard Business School, and was named a Young Global Leader by the World Economic Forum in 2014 and an Archbishop Tutu Fellow in 2013.
Ndidi Nwuneli is the Founder of LEAP Africa, a leading youth leadership non-profit organization, and co-Founder of AACE Food Processing & Distribution, an indigenous agro-processing company that was founded in 2009 to fight malnutrition, reduce post-harvest losses among smallholder farmers and displace imports. She is also the managing partner of Sahel Capital Partners & Advisory, a firm focused on the agribusiness and nutrition sectors in West Africa. She started her career as a management consultant with McKinsey & Company, working in their Chicago, New York and Johannesburg Offices.
Mrs Nwuneli holds an M.B.A. from Harvard Business School and an undergraduate degree with honors in Multinational and Strategic Management from the Wharton School of the University of Pennsylvania. She was recognized as a Young Global Leader by the World Economic Forum and received a National Honor – Member of the Federal Republic from the Nigerian Government. She was listed as one of the 20 Youngest Power African Women by Forbes and a 2018 Aspen New Voices Fellow.
Mrs Nwuneli serves on numerous international and local boards including Nestle Nigeria Plc., Nigerian Breweries Plc., Globethics.net Switzerland, Godrej Consumer Products Ltd. India, Fairfax Africa Holdings Canada, Royal DSM Sustainability Board, Netherlands and the African Philanthropy Forum. She is the author of “Social Innovation in Africa: A Practical Guide for Scaling Impact," published by Routledge in 2016.
CHAIR AND MODERATORS (3)
David Pilling is the Africa Editor of the FT. Previously he was the Asia Editor (2008-16), Tokyo Bureau Chief (2002-08), Pharmaceuticals Correspondent (1999-2001), Deputy Features Editor (1997-99) and Chile/Argentina Correspondent (1993-97). He is the author of Bending Adversity: Japan and the Art of Survival (Penguin, 2014) and The Growth Delusion (Bloomsbury, 2018).
Lerato Mbele is presenter of Africa Business Report on BBC World News television. She joined the BBC in 2012.
Prior to that, Ms Mbele served as a Senior Business Anchor for CNBC Africa. She hosted a variety of business programmes and discussions related to the economics, business strategy, stock markets, entrepreneurship and leadership.
Ms Mbele began her journalism career in 1999 at South Africa’s state-owned broadcaster The South African Broadcasting Corporation (SABC). She eventually served as an anchor for the channel’s daily news show News at 10 and also fronted the weekly show, Public Interest and The Ambassadors.
In early 2016, she was nominated in the media category of the inaugural New African Women Awards. Previously she was named on the Oprah O Magazine Power List of 21 African women “rocking the world”. In 2014, Ms Mbele was named a Young Global Leader, by the World Economic Forum in Geneva, Switzerland. She is also the co-edited the book of “Designing Democracy” alongside Ayesha Kajee, that was during her short tenure as a researcher at the SA Institute of International Affairs. She is also a recipient of a literary award from the World Association of University of Women.
Ms Mbele is a Chevening Scholar who holds an MSc degree in Development Studies from The School of Oriental and African Studies, at the University of London. She completed her undergraduate and Honours degrees from the Universities of Cape Town and Stellenbosch respectively.
Amina Yuguda is a news anchor with TV Gotel in Adamawa state, Nigeria. She received a B.SC. from the Ahmadu Bello University in Mass Communication and an MA from MAUTECH’s Information technology department (ESP). She was honoured by the BBC world service with the prestigious Komla Dumor Award for African Journalism for the year 2017. While studying at MAUTECH she worked on linguistic applications for journalism. She majored in Discourse Analysis. Ms Yuguda has worked as a broadcast journalist with Nigeria’s TV Gotel since 2012. She also produces a documentary series “The Real Africa” which tells stories about Adamawa’s rich cultural heritage and African traditions. She is passionate about girls education and mentors young girls in her hometown, Yola in Northeast Nigeria.
Agenda - 31st May
8:00amRegistration and networking
8:50amChair’s opening remarks
David Pilling, Africa Editor, Financial Times
9:00amOpening Keynote Interview: Nigeria Beyond Oil - The pathway to transformation
• Showcase of the Government’s policies and diversification agenda
• Priorities and progress towards inclusive growth
• Boosting industrialization and domestic production
H.E Prof. Yemi Osinbajo, Vice President, Federal Republic of Nigeria
9:30amWelcome Address and Q&A: Lagos as Nigeria’s business hub
9:50amKeynote interview: International viewpoint
• Nigeria’s development in the global context
• What can be learnt from the experience of other countries about realizing economic potential?
H.E Sultan Ahmed Bin Sulayem, Chairman and CEO, DP World Group
10:10amPanel discussion: Delivering economic resilience and growth
As Nigeria follows the path towards economic transformation, the government is under growing pressure to speed up the pace of reform and deliver shared prosperity. This session will focus on economic policy moving forward and what it will take to reduce risk and attract new investment to bolster diversification.
• How far has the economic growth and recovery plan come in achieving macroeconomic stability?
• Mitigating the impact of oil price volatility
• Ensuring effective foreign exchange rate management
• What progress has been made in resolving insurgency?
• Leveraging the power of the private sector to drive economic competitiveness
• What measures are being taken to improve regional trade and integration?
• Should the government sell more assets to help the economy?
Nasir El Rufai, Executive Governor, Kaduna State
Abebe Selassie, Director of the African Department(AFR), International Monetary Fund (IMF)
Yewande Sadiku, Executive Secretary/CEO, Nigerian Investment Promotion Commission (NIPC)
Benedict Oramah, President & Chairman, Afreximbank
11:10amInvestor Perspective: Adapting to Nigeria’s investment climate
• How are investors addressing the regulatory and law enforcement risks?
Miguel Melo Azevedo, Head of Investment Banking Middle East and Africa, Citigroup
11:30amKeynote Interview: Currency policy and financial system developments
• Insight into management of the naira and efforts to boost liquidity
• What is being done to enable dollar inflows from investors?
11:50amFinance Panel: Navigating the uncertainties towards long-term stability
In the face of volatility and uncertainty what is being done to address the deficit and liquidity challenges? How is Nigeria building resilience and flexibility into its banking system and financial markets?
• Mitigating the effects of currency depreciation
• Foreign exchange policy developments
• How is regulation being strengthened?
• How are Nigerian banks mobilising domestic savings to fund development?
• Tapping into international capital markets to finance projects
Oscar Onyema, CEO, Nigerian Stock Exchange
Adesola Adeduntan, Managing Director/CEO, First Bank of Nigeria
Michèle Lamarche, Managing Director, Head of Lazard Sovereign Advisory Group, Lazard Freres
12:40pmAn Inspiring conversation with a leading entrepreneur
• Entrepreneurship as the driving force of social change
• Opportunities and empowerment for all
• Fostering the next generation of leaders
Tonye Cole, co-Founder and Executive Director, Sahara Group
2:00pmSpecial Oil and Gas Focus: How far and how fast can investor confidence be restored?
As the oil and gas sector undergoes major reforms, much rides on ensuring that the mainstay of the Nigerian economy emerges stronger, more transparent and better regulated. This special focus will discuss how the vulnerabilities are being managed and evaluate the measures being taken to boost confidence and unlock investment.
- Global market dynamics, oil price uncertainties and what they mean for Nigeria
- Progress in the transformation of the legal framework and establishing regulatory stability
- What has been the impact of PIGB and policy developments?
- Boosting local industrialisation from crude to finished products
- How are mediation and collaboration overcoming instability and supply disruption in the Niger Delta?
- Harnessing local content and improving competency in the oil sector
- Clarification of fiscal terms and the commercial framework for gas development
2:45pmKeynote address and interview: Powering opportunities and sustaining growth in Nigeria
• Delivering robustness and sustainability in the power sector
• Latest on policies, projects and prospects for investors
Paul Hinks, Founder and Chief Executive Officer, Symbion Power LLC
3:05pmInfrastructure Discussion: The Building Blocks of Diversification
Strengthening power, transport and communications infrastructure is critical to the success of the diversification effort, particularly when it comes to manufacturing and agriculture. This interactive discussion will look at the enablers and barriers to infrastructure development and how to make sure that long-term investment leads to sustainable and inclusive growth.
• Power sector privatization and upgrades: how successful has the power reform agenda been in resolving the bottlenecks and strengthening the power value chain?
• How is capital spending on infrastructure being prioritized? Innovative partnerships to meet the need for infrastructure assets and bridge the financing gaps
• Privatisation of airport operations – timescales and opportunities
• Blending public and private funding: outlook for PPPs
• Opportunities in renewables and off-grid power provision
• Increasing investment in transport assets
• Facilitating the development of the telecommunications sector
• Mobilizing domestic pension funds into infrastructure projects
Onyeche Tifase, Chief Executive Officer, Siemens Nigeria
Christopher Marks, Managing Director and Head of Emerging Markets, EMEA, Mitsubishi UFJ Financial Group
Uche Orji, Managing Director and Chief Executive Officer, NSIA
Nir Marom, co-Founder, Lumos
4:05pmAn inspiring conversation with a leading figure
• Security issues: how to boost economic development in the North in order to eradicate poverty, restore security, and prosperity?
4:25pmProduction panel: Going local to realize global ambition
As Nigeria strives to reduce its reliance on imports and increase its non-oil exports strategic investors and entrepreneurs are tapping into the country’s competitive advantages and home-grown potential. This discussion will focus on experiences and perspectives of boosting local production and content in Nigeria.
• What is happening on the ground in the bid to expand local production and manufacturing?
• Unlocking investment in farming and food processing: role of the private sector
• Measures to reduce risk and enhance the agricultural supply chain
• What concrete actions are being taken to promote low-carbon development?
• Successes accessing local and international markets
• In what ways is the government collaborating with the private sector to create jobs and develop capacity? Best practice for accelerating critical skills development
Venkataramani Srivathsan, Managing Director & Chief Executive Officer, Africa and Middle East, Olam International
Ndidi Nwuneli, co-Founder, AACE Food Processing & Distribution
Yaw Nsarkoh, Executive Vice President, Unilever Ghana-Nigeria
Danladi Verheijen, co-Founder and Managing Director, Verod Capital
5:00pmSpecial Focus - The African Contemporary Art Market
Interest in contemporary African art is booming in auction houses and galleries around the world and a growing number of Nigerian and international collectors are seizing the opportunity to invest in Nigerian and African art. This session will give the stage to the artists, curators and patrons who are contributing to the country as well as sustaining a dynamic global African art scene.
Moderated by: Giles Peppiatt, Director, South African & Contemporary African Art, Bonhams and Bisi Silva, Founding Director and Curator, Centre for Contemporary Art (CCA)
Nnaemeka Alfred Ugochukwu Achebe, The Obi of Onitsha
Touria El Glaoui, Founding Director, 1:54 Contemporary African Art Fair
5:40pmSpotlight - Nigeria Tech on the Rise: Capitalising on the opportunities
As Nigeria shifts away from a resource-based towards an entrepreneurial and knowledge-based economy there are high hopes for its tech industry. The home-grown pioneers of Nigeria’s digital transformation are driving change in infrastructure, connectivity, financial services and e-commerce and the sector is attracting significant interest and investment from Silicon Valley’s leading lights.
• Drivers of growth in technology and innovation
• What are the opportunities to capitalise on Nigeria’s digital economy?
• What government incentives are there to encourage research and development in technology?
• Initiatives to develop skills and nurture local tech talent
• Prospects for domestic investors. Start-up funding from foreign investors
• Boosting productivity through technology: the impact of disruptive technologies in Nigeria
Juliet Anammah, Chief Executive Officer, Jumia Nigeria
Lola Kassim, General Manager, West Africa, Uber
6:10pmClosing Address: A secure and stable future for Nigeria
• Establishing social, economic and financial stability
Benedict Oramah, President & Chairman, Afreximbank
6:30pmChair’s closing remarks, followed by drinks reception
The Summit will bring together senior policy-makers, major international investors and corporations, and multilateral organisations to put forward concrete recommendations and realistic solutions aimed at facilitating investment and overcoming the challenges the country faces.
- National/Local Government
- Banking & finance
- Oil & gas
- Industry leaders
Please note that general applications are subject to review by the Publisher.
Presented by (1)
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. In 2016 the FT passed a significant milestone in its digital transformation as digital and services revenues overtook print revenues for the first time. The FT has a combined paid print and digital circulation of more than 910,000 and makes 60% of revenues from its journalism.
Gold Sponsors (2)
First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 745 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.
Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.
FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.
With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.
Sahara Group is a leading African energy and infrastructure conglomerate with operating entities in over 13 countries across 3 continents. Sahara Group remains one of the most dynamic corporate actors across the entire energy value chain via its power, downstream, mid-stream, and upstream businesses.
Consistent with its vision of becoming the provider of choice wherever energy is consumed, the conglomerate’s Power Division, Sahara Power Group is the largest privately owned power business in Sub-Saharan Africa by capacity. Sahara Power operates Egbin Power Plc-The largest thermal power plant in Sub-Saharan Africa as well as other generation and distribution assets, with ongoing expansion plans across the continent to achieve Sahara Group's vision of lighting up Africa.
Sahara continues to explore new frontiers to replicate exceptional, effective, reliable, and more sustainable ways of delivering on its value proposition to a global network of customers and business partners.
Sahara Group is a member of the World Economic Forum - Partnering Against Corruption Initiative (PACI) where it designs and collaborates with other leading global stakeholders to steer the course of transparency and integrity in international business practices.
Sahara Group is on the advisory board of the Sustainable Development Goals Fund (SDGF) convened by the United Nations for the realization the 17 SDGs across the globe by 2030. The Group's corporate responsibility vehicle, Sahara Foundation drives sundry sustainable development projects across the globe through its extrapreneurship platforms and interventions. Please see additional information at http://www.sahara-group.com.
Media Partners (6)
As Nigeria's most trusted newspaper, The Guardian has pioneered high-quality journalism with thoughtful editorial content for 34 years. And as media consumption shifts from traditional to digital platforms, we are committed to building the go-to destination for audiences on digital looking for quality content, both editorial and video.
Combining our first-rate digital platforms with our strengths in print and conferences and masterclasses, The Guardian has established itself into the single most authoritative and important cross-platform publisher in Nigeria.
The Guardian won Best Print Media website and Supporting Media Partner at the NIRA Awards 2017. We also won the Best Media Website category at the NIRA Awards a year earlier.
The Business Year (TBY) is a global media group specializing in economic news, research on national economies, and business intelligence across emerging markets. With operations in over 35 countries, we bring first-hand insights to investors, businesses, and governments worldwide.
BizNis Africa is a niche online media publication focusing on key investment opportunities across Africa.
BizNis Africa is an independent online trade and investment news website that focuses on Africa's 3 major business economic sectors - ICT, Mining and Energy. The aim of the online business investor publication is to cover Africa's untold business news and expose its vast opportunities.
Independent online newspaper delivering knowledge-driven journalism in the pursuit of Nigeria's progress
Asoko Insight (Asoko) is Africa’s largest online repository of privately-held company information. Our objective is to facilitate instant access to reliable information on Africa’s most dynamic companies, at scale. With support of research teams based in Addis Ababa, Accra, Lagos and Nairobi we have captured in-depth profiles on more than 11,000 mid to large cap corporates thus far and are rapidly adding to that number. We work with investors, corporates and governments worldwide who are looking for business partners and investment opportunities.
The Nerve is an Africa focused growth information and digital news service that produces multi-perspective, engaging and high quality coverage of the new economy in Africa for smart African professionals and a global community interested in Africa.