BOLAJI AKINYEMI & ASSOCIATES CONSULTING UNIT

Our Consultancy unit has been established to serve two key purposes or objectives.

• Be an advisory and risk analysis agent for potential Foreign Direct Investors (FDI’s)    in the Nigerian economy, including those looking for local partners.

• Act as a Consultant to produce business plans and other set-up documents and to guide the FDI’s in their set-up plans.

Since the year, 2003, and after the first term of the present administration in Nigeria, the level of Foreign Direct Investment (FDI) into the country has increased tremendously. Beyond this and even of greater importance is the interest shown by potential investors in the different areas of Nigeria’s economic landscape.

The Obasanjo administration has not relented in its resolve to privatise all its parastatals and disengage completely from managing such by disposing all its holdings to potential investors. The Bureau of Public Enterprises has been very busy and has been moving from one industry to the other in trying to meet this objective. Apart from selling its equity holdings to core investors both local and foreign, government has also encouraged visits by trade delegations from the industrialised countries.

The government has simplified entry visa procedures for genuine potential investors who are willing to visit the country.

• Our organisation’s objective in assisting potential investors will be as follows: -

• Identify potential areas of investments in various segments of the economy that might interest the FDI’s.

• Do a proper research of the viability of such investment and possibly carry out a feasibility study on the instruction of the client.

• Do a proper risk analysis of the economic, social and political factors that may affect such an investment in the country.

  • Some of the factors may be in terms of the location or site of an industry in which interest has been established. It could also be in terms of potential site restriction if any.

  • The culture of the host communities, behavioural patterns and expectations. The Niger Delta communities and their attitude to oil industry operators in the recent past are a vivid example.

  • The infrastructure realities of the environment and the challenges the organisation may face.

  • The financial or timeline implications of these risks.

• Do a due diligence or initial investigation of the organisation or parastatal for which the investor has shown interest.

• Advice the client comprehensively on all the above issues and more.

Nigeria remains probably the country with the highest Return on Investment (ROI) figures south of the Sahara and recent developments have proved it to be a potential have for investors. The successes recorded by all the telecommunication companies (both GSM providers and PTO’s) have proved all external sceptics wrong.

Organisations from various parts of the globe – South and North Africa, South-East Asia (especially China, India and South Korea), European Union and the Americas’ – are all reaching out for the opportunities provided by the economic reforms of the present administration. Recently, the CBN governor opined that the government are still expecting FDI’s of above USD800 million (112 billion Naira) before the end of the year.

The recent bank public offers, which were as a consequence of the 25 billion Naira recapitalization policy of the government, have yielded additional liquidity of above 200 billion Naira in the economy.

Nigeria’s potentials are not in doubt. She is currently the largest producer of cassava and the second largest producer of sorghum and millet globally. Her solid mineral reserves have remained largely untapped and hence not quantified. She is the largest producer of hydrocarbons (oil and gas) in Africa. Additionally, new discoveries of hydrocarbons especially in the Gulf of Guinea basin are been exploited.

Given the fragile yet emerging economic status of the country, any prospective investor needs to be well guided by the those who know the government and who can predict with almost 100% accuracy the policy drift or direction; persons who know the environment and all the socio-economic indices associated with the environment; persons who are in touch with the people and can reach both the local and state authorities; individuals who have built an impeccable reputation for themselves in a very trying environment. This is what we offer every interested investor that is willing to use our services.

Also, after the investor might have shown interest in a particular section of the economy or public enterprise (as a core investor) we will have the privilege of assisting such an investor produce all the necessary business documents) e.g. bid documents or business plans or business registration) preceding the successful acquisition or take off of the business

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