November 16, 2012/ WebTV
The second edition of the FBN Capital Investors Conference has come to a close with Delegates and Participants hopeful for a better economy ahead of the coming year in 2013.
The key presentation for the day had Dr. Doyin Salami of the Lagos Business School speak on the topic; ‘From Frontier to Emerging Market’. He highlighted the need to diversify the economy into the oil and gas sector and also create a link between the Agric sector and Manufacturing industries noting that this will cut down on unemployment and improve the standard of living in the country
Sessions in summary
The first session had panelist discuss on ‘Oil and gas sector growth: the contributions of indigenous service firms’. Some note worthy facts in this session is how oil production has accelerated from 1.69 million barrels per day to 2.4 million barrels per day in the first half of 2012.
While the Nigeria Oil and Gas Industry content Bill allows for players in the industry to use a greater share of indigenous companies and personnel, one of the key challenges panelists sought to address is the difficulty these companies face in accessing capital.
Panel two had the likes of David Ladipo (Partner, Azura Power), Gareth Wilcox (MD, Ibom Power) amongst others discuss on ‘Delivering on power reforms: Focus on gas’ and financing’ with emphasis on the reform agenda and participation of private sector in the business of power generation and distribution.