Thread by @iBMC4PMB

PMB’s Economic Policies favour growth. A thread👇

1) Detractors have said this many-a-times: that the policies of the FGN is investment-unfriendly.
But is this the view of Nigerians with legitimate and high-ticket investments? This is apparently not the view of Dr. Amy Jadesinmi

2) Dr. Amy Jadesinmi is the Managing Director (MD) of the Lagos Deep Offshore Logistics Base (LADOL).
Amy is an Oxford University UK, trained Medical Doctor who also has a Masters in Physiological Sciences.

venturesafrica.com/amy-jadesimi-w…

3) She veered into Investment Banking working with Goldman Sachs and others after which she returned home to join LADOL and later became MD.
LADOL is the only Nigerian owned deep offshore logistics base and the largest privately financed logistics base in Nigeria.

4) These are excerpts of what Amy has to say about PMB’s economic policies. She wrote this👇 in the Forbes Magazine, which incidentally had named her in 2014, one of Forbes’ “Youngest Power Women in Africa.”

“Running a legitimate private sector company in Nigeria is fraught with

5)..challenges. Of those challenges, the negative perceptions of Nigeria’s business environment from both local and international sceptics is one of the most difficult to overcome.”
“In the worst cases, one is assailed with questions and concerns more appropriately addressed to..

6)...someone running a company in non-specific barren war-torn country run by pirates.”
“In reality, Nigeria is a largely peaceful, democratic country where the rapidly growing legitimate private sector is creating a level of growth and profitability that will soon rival Brazil"

7) “However, that’s not to say there aren’t challenges. The World Bank’s Ease of Doing Business index ranked Nigeria 169th out of 190 countries in 2016 and the country’s worst recession in 25 years is keeping investor expectations low.

8) "Until recently, Nigeria had a heavy-handed government famous for colluding with multinational companies and foreign governments, enriching a select few and keeping the economy from generating any sustainable momentum.

9) Unfortunately, this chequered past means that Nigeria is still considered a market only suitable for high-risk investors and oil companies.”
“Unfortunately, this misperception overlooks the resilience and year on year growth of Nigeria’s legitimate private sector and the...

10) ...new generation of Nigerian leaders that are changing the status quo.”
“President Buhari’s implementation of business focused Executive Orders show that this govt is committed to reversing the damage done to the economy by previous administrations which smothered the...

11)...the legitimate private sector.”

“In April 2017, President Buhari issued a directive putting an end to a long-standing corrosive monopoly in the maritime and oil and gas logistics sectors. This directive was noted for its solid legal basis, going so far as to rule out...

12)...return of such monopolies acknowledging the huge economic damage they inflict. “

“Then, in May 2017, Executive Orders were put in place to ensure the govt stays “out of the way of real businesses” and eliminates the temptation for government officials to extort the...

13)...companies seeking to ply their trade legally.”
“Such strong legal positions have reassured local biz owners that this Govt supports transparent, value-adding companies, & is willing 2 uproot long-standing quasi-private enterprises that have benefited from cronyism for years

14) “Huge strides have also been made in the maritime sector. Being Africa’s largest and most populous country and home to West Africa’s longest coastline, Nigeria is a natural hub for the continent, But for decades it has failed to live up to this potential.”

15) “Now under the leadership of Hadiza Bala Usman, one of Nigeria’s newest and youngest leaders, the Nigerian Ports Authority (NPA) has been transformed into an organisation that actively promotes competition and investment.
The NPA has rapidly embraced Buhari’s directives and

16) is leveraging them to create an efficient, technology driven parastatal which is discussing multi-billion-dollar investment opportunities on the world stage.”

Certainly, the Nigerian government has a long way to go, but in a world where many governments seem to be openly....

17) ...and increasingly acting against the interests of their citizens, Nigeria’s leadership is taking drastic steps to break with its past and move in the right direction.”
“Real private sector leaders, those that have been investing and struggling for decades against the odds..

18) ...are increasingly optimistic.The challenges they face today, from financing to manpower, pale in comparison to the almost insurmountable hurdles that they confronted from their own Govt and the multinationals that colluded with and instigated rent seeking in the past.

19. Now that the playing field is being levelled, they are rapidly gaining traction.”
“The UN forecasts that by 2050 Nigeria & greater sub-Saharan Africa will make up 22% of the world’s population. This impressive population growth not only alludes to the immense human capital...

20)...resources at sub-Saharan Africa’s fingertips, but also how but also how critical this region is to global growth and stability. Even as the growth in established Western countries continues its complex decline, the negative perceptions held about Nigeria prevent people...

21)...from seriously looking at its opportunities.”
“Given the importance of this region now and going forward, it is imperative that Nigeria’s leadership DOES NOT give up on the struggle against CORRUPTION and NEGATIVE perceptions.

22) The good news is that the reality is already much better than the perception and continues to improve every day.”

forbes.com/sites/amyjades…

23) What else will iBMC say that Dr. Amy Jadesinmi has not said. Genuine investments are protected and given support they need under PMB Government, but rent-seeking and monopolies will not be permitted to stifle initiative.

24) This is the PMB we voted for, the astute administrator with a genuine desire for growth for all and not growth for a few.

25)1st & 2nd pix: President Buhari in a one-on-one audience with the Chairman of LADOL, Oladipupo Jadesimi., and also with the Exec director

3rd pix: PMB with the MD of LADOL, Dr. Amy Jadesimi; Executive Director of LADOL, Ibrahim Alihu and the GM LADOL Abuja, Imam Abdulkadir.

26) The Chairman of LADOL and Chief Executive of the company, Chief Oladipupo Jadesimi said they had come to thank Pres. Buhari for creating an enabling environment & anti-corruption regime that have enable their business to create a 10 billion Dollar investment & 50,000 new jobs

27) Managing Director of the company, Dr. Amy Jadesimi informed the President that their investment had a mission to attract local and international companies that will help reduce the cost of off-shore support services.