advertisement

Nigeria Prince Billy S Gillis Harry

50 %
50 %
advertisement
Information about Nigeria Prince Billy S Gillis Harry
Business-Finance

Published on April 13, 2008

Author: Rosalie

Source: authorstream.com

advertisement

Slide1:  State of Security and Future of Business in the Niger Delta Region Prince Billy S.Gillis-Harry President of the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) STATE OF SECURITY & THE FUTURE OF BUSINESS IN THE NIGER DELTA:  STATE OF SECURITY & THE FUTURE OF BUSINESS IN THE NIGER DELTA We shall be looking at the issue under the following broad topics – Brief Overview of the Niger Delta from the private sector perspective. The State of the security and overall implications Private sector approach to lasting solutions Brief overview of the future Being Presentation By BILLY G HARRY (President – PH Chamber of Commerce, Nigeria) 1. Brief overview of the Niger Delta:  1. Brief overview of the Niger Delta The Port Harcourt Chamber of Commerce, Industry Mines and Agriculture, PHCCIMA, is the umbrella association of the organised private sector in Port Harcourt (the capital of Rivers State) and invariably the hub of the Niger Delta region in the Gulf of Guinea. The Niger Delta basically comprises 6 coastal states in the Niger Delta area facing the Atlantic Ocean. The States are Akwa-Ibom, Bayelsa, Cross-Rivers, Delta and Rivers. However, by political definition other oil producing states of Abia, Ondo, Edo and Imo are included in a generic term called the Niger Delta States of Nigeria. I want to in this discourse place more emphasis on the coastal states for the following reasons - Overview :  Overview a. Much of the restiveness associated in the Niger Delta are associated with the people of the coastal states. b. The coastal states contribute not less than 80% of the Country’s oil production and reserves. c. By nomenclature, they are called the minorities because they are not culturally part of the major tribes in Nigeria – Hausa, Ibo and Yoruba. Of course, Edo State is also a minority tribe by this definition. d. The coastal areas have common topography and almost impenetrable swamps. The Niger Delta States contribute not less than 50% of Nigeria’s GDP, the bulk of the 28 billion oil reserves and 150 trillion cubic meters of gas. The Overview:  The Overview There is also proven abundance of other natural mineral resources – Kaolin, coal, granites, barites, etc. These are also largely untapped because of the emphasis on oil. The area is also very arable for cash and food crops like Cashew, Palm (boasts of some of the largest palm plantations in Africa), Rubber, cassava, maize, tomatoes, etc. Fish farming and other agricultural exploits are also relatively undeveloped. The Nigeria coastal areas is one of the least harvested in the world, according to recent survey reports by an American study group. An indication for Investment. The Overview:  The Overview What therefore makes this area tick so negatively? The depth of proven wealth is at variance with the physical outlook of the infrastructure. The level of education cannot comprehend how to harness the documentary of opportunities to actual gains. Track record of wastages in government expenditure Low levels of corporate social responsibility by profitable concerns. An eroding level of confidence in the sincerity of stakeholders to genuinely foster a collaborative lasting solution. We therefore congratulate the organizers of this forum for providing a platform for sincere discussions. 2. State of Security:  2. State of Security The State of poor security is arising from – - Activities of militant/political groups Damage of oil pipelines Recent kidnapping of innocent stakeholders (including Nigerians) Sporadic and unexplained shootings. There are however some positives issues arising from these imbroglio – There are no recorded killings of those kidnapped Though ransoms were paid, all those kidnapped were ultimately released Corrupt practices of administrators are being exposed The much sought-after attention is now being showered on the people. The federal government & the international communities are very educated and serious about solving the problem permanently. We believe that every nation passes through a form of recession or downturn and for the Niger Delta, there is every indication that the next phase shall lead to major economic boom! 2. State of Security….:  2. State of Security…. There are good reasons to be logically optimistic – A genuine and transparent plan by the current government, both at the Federal and State Governments point towards this. I am not at liberty to disclose all the proposed initiatives for time constraints, but they are channeled towards ensuring a rapid and accelerated infrastructural development. (NDDC master plan), increased presence of South-South in Government. There is increased surveillance by the Nigerian Armed Forces. Some of the known politically associated prisoners have been released. In the last few weeks, the spate of violence as plummeted by over 40%. 2. State of security…:  2. State of security… Ladies and Gentlemen, here we are in the UK discussing the Niger Delta. This is because the time has come where other parties have realized that we are all stakeholders. An unabated Niger Delta crisis can – Affect world production of oil and the accompanying prices Exacerbate the current trade imbalance between Africa and Europe Affect the entire West African sub-continent Lead to negative examples by the emerging oil blocs in Africa Generally, affect the Nigerian economy. Indeed, we all have a role to Play. 3. Private sector approach to sustainable solutions:  3. Private sector approach to sustainable solutions We realize that the organized private sector can actually engineer a lasting solution. From the 24th to 30th September 2007, the PH Chamber shall be celebrating her 50th Anniversary. Part of our activities include a 3 day seminar on the Niger Delta economic and investment opportunities. We are collaborating with our banker – SKYE BANK Plc. Other financial institutions are willing partners to develop enterpreneual skills that will guarantee youth and community participation as stake holders. Some of the solutions being posited to the Federal Government include, but not limited to: 3. Private sector approach to sustainable solution:  3. Private sector approach to sustainable solution A re-modelled marshall plan for the Niger Delta: Coined after the post world-war marshall plan, we choose to call this the ‘Yar’Adua Plan’. This looks at a massive injection of funds to rapidly bring world class infrastructure to the Niger Delta in terms of road network, health plan, education reforms, socio-entrepreneurial development backed by microcredit schemes, etc Development of a specific Empowerment Fund to engender business creations. The details of this is being worked out with our bankers. Private Public (sector) partnership in the execution, monitoring and administration of projects. (NDDC). This is to ensure transparency and longevity. Initiating various BOT models for future developmental pojects. Also an initiative, named PaSAND, that will be strategically instrumental to ensuring a sustainable peaceful climate for business. Private sector approach to sustainable solution :  Private sector approach to sustainable solution 4. Peace and Security Alternative for the Niger Delta (PaSaND). This has been developed by PHCCIMA to identify the key security issues and come up with programmes that will reduce conflict and tension to allow the Niger Delta Master Plan to be implemented especially its development and peace-fostering programmes. The PaSaND Initiative is a private form of promoting a mutual sense of development within all stakeholders by continuously pursuing programmes such as the following: Open presentation to the Government Encouraging the Oil companies in setting up best business bureau that will ensure Oil companies become well known within the Organized business system of the Niger Delta and overall Nigeria as a whole. Phccima insist there should be digitally empowered surveillance in all oil and gas installations, including towns in the Niger Delta. to reduce drastically the huge risk of investment in the region, Initiating interactive sessions between companies and the communities to explore avenues that will ensure zero conflict. Effective training and employment of Niger Delta women and youth to relevant and useful enterprises. An overview of the future:  An overview of the future Let me welcome you to the Niger Delta World of Investment Opportunities. The following presents a diversified portfolio for good ROI: 1. Natural and Mineral Resources: - Kaolin, coal, granites, barites e.t.c 2. Agricultural Resources: -Cashew, Palm (the Niger Delta boasts of some of the largest palm plantations in Africa), Rubber, cassava, maize, tomatoes, etc. The Future:  The Future 3. TOURISM IN RIVERS STATE Rivers state of Nigeria is endowed with multifaceted cultural attributes and abundance of natures beauties and resources which provides the state the unique opportunity to focus the tourism development policy on promoting Eco and Cultural  Tourism. Private investors are yet to fully embrace the investment  opportunities afforded by nature in Rivers State. However, most five  star hotels in the state are owned by individuals whose testimonies on  their high level of success abound. These entrepreneurs have unique  facilities and activities added to hotel setting to attract and excite tourists. The people of Rivers State are blessed with indigenous activities that  thrill tourists. Rivers State is naturally endowed with rich, unique and attractive  culture with vast tourism potentials that need to be developed and  exposed to the world. Some of such include:- BEACHES HISTORICAL SITES/MONUMENTS LAKES AND PONDS BOTANICAL GARDENS AND RECREATIONAL CENTERS OIL/GAS PLANTS These are open opportunities for business investments. The Future:  The Future 5. Oil and Gas Park The Proposed Greater Port Harcourt Oil and Gas Park is the first of its kind south of the Sahara. The Oil and Gas Park (OGP) was the ideological mutation of the Trade Fair Complex-a brainchild of PHCCIMA. The OGP was engendered by the need to re-define Port Harcourt City (PHC) as the Oil and Gas hub of the African continent especially the GULF of GUINEA. Port Harcourt is the headquarters of all major oil companies and service companies in Nigeria; ranked as the sixth largest oil-producing nation, Nigeria is also the second largest gas-producing nation. These high rankings make it imperative for PHC to assume the vital position of the Afro-continental Oil and Gas hub. In order to assume its position more effectively as one of the global Oil and Gas hubs. Primarily, the OGP is tailored to provide business transaction facilities and conveniences in general, but with particular emphasis on the Oil and Gas Sector. The major facilities in the OGP were articulated in a master-plan that includes the following structures/facilities:-: Gateway Centre Convention /Exhibition Centre Office Tower Shopping Mall Park (5-Star) Hotel Bonded Warehouse Conclusion:  Conclusion Ladies and Gentlemen, While we are aware of the possible impacts on the gross inflation and other economic indices, we believe the administration of adjustable economic tools can be used to manage the overall development. Its no doubt that the future looks good and very inviting. This can be scientifically proven. We have put our estimate for economic growth of the region at 10% for the next year, 2008. The momentum has been built and waiting to unleash. Proven untapped resources approximate $10billion – we are indeed compiling a compendium on this. 3. The Chamber has been strategically reengineered to position itself as the leading organization from the Gulf of Guinea that will build portfolio of benefits for all our stakeholders and investors like yourselves who are looking forward to building a bouquet of investments that can only yield appreciable returns. The awareness has increased and the curve can only go up now. Nigeria last week experienced a very big success in the oil and gas, when the NNPC was split to five departments. This` will generate a positive and strategic investment management system in our economy and also beneficial globally. especially to the Niger delta. , Indeed, there is light at the end of this tunnel and the PHCCIMA shall be the vehicle for this journey of great opportunities. We invite you to take a ride with us on this journey as we redefine the economic landscape of the Niger Delta. THANK YOU.

Add a comment

Related presentations

Related pages

Nigeria eager to partner with NGC | The Trinidad Guardian ...

Prince Billy S Gillis-Harry, president of the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture, is urging the National Gas Company of T&T ...
Read more

Nigeria: PHCCIMA to Sanitise Business - allAfrica.com

Nigeria: PHCCIMA to Sanitise Business. tweet. share. ... Prince Billy Gillis-Harry, ... the business sector and restore confidence in the state's ...
Read more

Nigeria: 1st S'south Int'l Trade Fair to Discuss Impact of ...

Nigeria: 1st S'south Int'l Trade Fair to Discuss Impact of Region's Economy. tweet. share. ... (FOSSCCIMA), Prince Billy Gillis Harry, ...
Read more

36TH KADUNA INTERNATIONAL TRADE FAIR ... - ScanNews Nigeria

... mines and agriculture, prince billy gillis-harry; ... at the opening ceremony of the 36th kaduna international trade fair in ... nigeria association of ...
Read more

Port Harcourt Now Trade Fair Hub As 278 Firms Participate ...

Port Harcourt Now Trade Fair Hub As 278 Firms ... S. Gillis - Harry. According to Billy, ... It is the second oldest chambers of commerce in Nigeria, ...
Read more

H.E. (Prof) Chinedu O Nebo | Nigeria Oil & Gas (NOG)

Recent experience includes Nigeria’s first ... (Prof) Chinedu O Nebo Honourable Minister ... Prince Billy S. Gillis-Harry President Coalition of South ...
Read more

16-19 March 2015, Abuja, Nigeria Strategic Conference and ...

... Nigeria Strategic Conference and International Exhibition ... Nigeria’s Future Strategy in a Global ... Prince Haruna Momoh, ...
Read more