13

Jun

2009

[CNBC Videos] Investment Bright Spots In Nigeria PDF Print E-mail
By CNBC/NVS

Sanusi Lamido Sanusi

 New CBN Governor Sanusi Lamido Sanusi (Then First Bank Nigeria CEO) discusses Nigeria's Investment Profile.

Governance

Rotimi Oyekan, Lagos Commissioner of Finance.

Travel

Obinna Ekezie, Former NBA Player, Zeep Travel founder. 

Waste Management

Isaac Durojaiye, founder and CEO of DMT Mobile Toilets. Using Waste to produce electricity

Clothing

Adenike Ogunlesi, Ruff 'N Tumble founder.

Food

Ayodeji Megbope, No Left Over founder.

Oil and Gas

Abiola Lawal, CAMAC senior VP

Oil and Gas

Wale Tinubu, CEO OandO Lagos

Investing in Africa: Opportunities & Risks

Fabienne Hara, of the International Crisis Group, and Stephen Hayes, of the Corporate Council on Africa, discuss the opportunities and risks of investing in Africa.

America's Big Money Bet on Africa

Quintin Primo, Capri Capital Partners.

Coca-Cola's Bet on Africa

Coca-Cola has been betting on Africa for more than 80 years, and today it is one of the largest private sector employers on the continent. Bill Egbe, head of Pan-African initiatives for Coca-Cola, discusses the company's presence there.

Spotlight on Africa's Standard Bank

Standard Bank is Africa's biggest bank and operates in 37 countries. The bank's CEO, Jacko Maree, tells CNBC's Erin Burnett how business is faring in this tough economy

Overall Landscape 

 CNBC Discusses oppotunities in Africa from Lagos:

 

Corey Modeste, of Greylock Capital Management, and Ella Gorgla, of the Khana Group, discuss the risks and rewards of investing in Africa.



ABOUT THE SHOW
CNBC PRESENTS “DOLLARS & DANGER: AFRICA, THE FINAL INVESTING FRONTIER”

The one-hour special anchored by CNBC’s Erin Burnett takes an unprecedented look at Africa, a continent rich in resources and fraught with risk.

Libya, Senegal, Egypt, South Africa, the Democratic Republic of the Congo and Nigeria -CNBC'sErin Burnett spent a year traveling to Africa to examine how the greatest economic crisis since the Great Depression may be the investment opportunity of a lifetime in a continent full of riches and risk.

The dollars: A continent three times the size of the United States is laden with resources--home to more gold, cobalt and diamonds than anywhere else in the world. The continent sells more oil to the U.S. and China than do the oil-rich nations of the Middle East.

And the danger: From Libya, a former state sponsor of terrorism, to the Democratic Republic of the Congo, where more people have died in war over the past decade than in any conflict since World War II, to Nigeria, where militants have declared an "all-out war" over oil, Africa is full of physical and financial risk.

Burnett offers viewers unprecedented access to each of those places, asking major American investors and companies how and where they are investing and why the possible returns make the risks worth taking. You'll find out why America's biggest publicly traded mining company is pumping billions into a country struggling to emerge from civil war and why an American infrastructure giant is doing business with Libyan dictator Muammar Qaddafi.

Among others, Burnett speaks with Wale Tinubu, CEO of Oando, Nigeria's largest energy company; Jacko Maree, CEO of Standard Bank, Africa's largest bank; Bob Johnson, billionaire Founder of BET Television; Quintin Primo, Capri Capital Partners; John Dionisio, AECOM CEO and Richard Anderson, Delta Air Lines CEO along with African and Chinese government officials.

CNBC's Erin Burnett is anchor of CNBC's "Street Signs" (2PM-3PM ET) and co-anchor of CNBC's "Squawk on the Street" (9AM-11AM ET).

Erin Burnett is the Executive Producer of "Dollars & Danger: Africa, The Final Investing Frontier." Tyler Mathisen is the Managing Editor, Lacy O'Toole is the Senior Producer, Joseph DeWitt is the Photographer and Field Producer, Robert Hand and Mary Catherine Wellons are Associate Producers and Candice Tahi is the Editor.




Your Comments

Please make The Square an enjoyable experience for everyone by refraining from gratuitous ad-hominem contributions, defamatory comments and off-topic posting. Such posts will be removed.

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RobotRobot is offline

 # 1 | 13.06.2009 14:09









Sanusi Lamido Sanusi
New CBN Governor Sanusi Lamido Sanusi (Then First Bank Nigeria CEO) discusses Nigeria's Investment Profile....Read the full article.

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Anioma777Anioma777 is offline

 # 2 | 13.06.2009 14:29

@NVS ADMIN

Thanks for posting the video clip. It is the first time I have heard the new CBN Governor speak. I must say I was very impressed and in particular his response to the question about credit facilities to the smaller businesses. I wish he will try and convince banks to lend more and also maybe reduce lending rates. :rolleyes:

Also I have still not been able to get the few banking officials I know in Nigeria to tell me why the vast majority of Nigerian banks old and new generation do not publish interest rates of their various lending products. I know you can get "personal" arranged rates depending on who you know and your history with the bank. Nigeria what an amazing country.:clap:

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BaloBalo is offline

 # 3 | 13.06.2009 21:26

Great clips from CNBC - I choose to focus on the positives of those clips and they just go to show us the energy and untapped potential of our people. What a blessed people we truly are.

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GbollyGbolly is offline

 # 4 | 13.06.2009 21:38

This is very encouraging. To the Diaspora Nigerians, l advice you to personaly visit home (Nigeria) before taking any action. Beauty is in the eye of the beholder. There are countless opportunities in Nigeria, but they come with a huge price. Hence, investing in Nigeria is an individual decision.

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BiafranPrincessBiafranPrincess is offline

 # 5 | 13.06.2009 22:44

If I were to judge Sanusi based on articulation and insight, I'd score him very high....He hit the nail on the head when he alluded to the lack of power/infrastructure which is the dearth of small businesses. I hope they can impress on the powers that be to fix the energy sector....all else na yawa!

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Anioma777Anioma777 is offline

 # 6 | 14.06.2009 09:31

Very interesting video clips. I must say Adenike brought up some very important issues regarding Chinese involvemnet in Nigeria and what benefits do Nigerians get.:clap: Also basic business training.

Once again thanks NVS admin for posting. I must say nothing gets me more irritated than hearing MOST bloody Yanks refer to Africa like its a "country".:(

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konkomitantkonkomitant is offline

 # 7 | 14.06.2009 11:17

Well, there you have it. America is trying hard to bring her citizens to invest in Nigeria while Nigerians abroad are saying, "there's a lion in Nigeria, I'll be slain if I go there".

Remember when George W Bush stated during his last Presidential visit to Africa that Africa is now an equal partner with America. That was when America woke up to the reality that China is outpacing her.

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NorrisNorris is offline

 # 8 | 14.06.2009 12:20

I don't think Nigerians abroad are advicing against any international conglomerate carrying out investments there, I think it is clear that what they are shouting about is for an awareness that will help check the misgovernance and corruption perpetrated by the ruling class. It can't be denied or wished away.

However I am impressed with the articulate and fluent nature of all Nigerians covered in the interviews, Nigeria will move notches forward if such people are represented at the front burner of governance, policy formulation and implementation in the country.

Kudos NVS !!!

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konkomitantkonkomitant is offline

 # 9 | 14.06.2009 13:02


=Norris;363415>I don't think Nigerians abroad are advicing against any international conglomerate carrying out investments there.



No they are not. But tell them to go back home and see what they can do for self and country, then you'll get a thousand and one excuses as to why they can't go home. Am talking from experience.

Before you know it Chinese and other foreigners will own more businesses in Nigeria than Nigerians. Then xenophobia will kick in.

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GbollyGbolly is offline

 # 10 | 14.06.2009 15:38


=konkomitant;363422>Before you know it Chinese and other foreigners will own more businesses in Nigeria than Nigerians.



This is my sentiment o. You read my mind, you have expressed my thought.
5 years ago, l made a statement that Nigerians abroad are slaving their lives to masters in their adopted countries; very soon this same Nigerians will come back to Nigeria to be slaves to foreigers in Nigeria unless these Nigerians come back home on time to investment in Nigeria.
 

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