The breakfast seminar on Business opportunities in Nigeria and how Swedish companies can take part of the developments was opened by Kaj Persson from African Department in the Ministry of Foreign Affairs, Sweden. The Swedish Ambassador to Nigeria, H.E Ambassador Svante Kilander, spoke extensively on the quality of the present leader in Nigeria, President Muhammadu Buhari as forthright, uncompromising and prudent.
He emphasized the image the president has which brings confidence to the mind of the average Nigerian. This he said reflected in his installation speech where President Buhari said “I have been given a task from the Nigerian people and these tasks last for four years. During these four years l will contribute to setting the course for Nigeria”. The Ambassador concluded that President Buhari is perceived as a man that does not compromise.
The general overview of Nigeria was presented by Anthonia Adenaya from Business Sweden, where she highlighted some of the bilateral relations between Sweden and Nigeria with detailed statistics. On matching the strength and expertise of Sweden to the needs and opportunities in Nigeria, there are lots of opportunities within ICT, mining, agriculture, oil and gas, entertainment, transportation etc. for Swedish investors.
Opportunities within the Energy and ICT sectors were presented by Håkan Lind focusing on the challenges Nigeria is facing and how Swedish companies can contribute. Within the energy sector, only 40-50% of the population has access to energy and most people in Nigeria depend on generators. He presented more facts on the entire power grind which is under developed and needs to be expanded. This of course holds back the development of the entire country making it hard to maintain growth on 6-7% with the present distribution of electricity and in order to deal with this, a privatization on the energy sectors was implemented which are divided into three areas; generate, distribute and transmit. While the transmission is kept nationally, generate and distribution is being privatized.
On power production, Nigeria has about 10,000 megawatt total install capacity for production of electricity out of which about 6,000 megawatt (60%) is accessible and might be working while the current state of production is under 4,000 megawatt. The production is very low and hence he adviced Swedish companies to contribute in this sector to generate, distribute or transmit energy for Nigeria.
On Renewable energy, which is seen as the future, Swedish consulting firms, design and development corporation within this field will have a lot to benefit. Much of the energy today comes from non- renewable energy sources such as diesel, gas and so on. However, one of the main problems of attaining a reliable production of what already exists is the logistics for gas and diesel, while the gas is burnt out at the gas fields, the pipe lines are vandalized leaving the logistics to non-existing.These problems open the gap for Swedish companies to contribute.
In his close remarks, Håkan said Sweden has done and still is doing a lot in Nigeria within the telecommunication sector. Growth within the sector is strong and around 20 % per year. The ICT makes 8.5 % of the BNP. The reason for this growth is due to the young population combined with the competition between the operators.
Here are some of the pictures taken at the breakfast seminar:
Cross section of people at the breakfast Seminar
H.E Ambassador Svante Kilander and Kaj Persson
Anthonia Adenaya from Business Sweden
Håkan Lind from Business Sweden
Photograph by: Rilwan Lawal
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