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Tolu Ogunlesi, MON Profile picture
@toluogunlesi
Jun 13, 2022 • 32 tweets • 20 min read • Read on X
What follows will be a #thread of PRIVATE SECTOR investment in #Nigeria, under @MBuhari’s Presidency.

Will probably be the longest thread I’ve ever done, and will take some time to complete.

(Note that it’s not organised by sector, size or year).
Kimberly Clark’s new diaper manufacturing facility in Ikorodu, Lagos State, opened in 2022. An $80m investment. news.kimberly-clark.com/2022-02-28-Kim…
The Segilola Gold Project, Nigeria’s FIRST LARGE-SCALE gold mine, by @ThorExpl_THX, in Osun State. A ~$100m investment. Began producing and exporting gold in 2021, expected to produce between 80,000 and 100,000 ounces of gold in 2022: thorexpl.com/projects/segil…
As of 2016, #Nigeria had a total of 7 Fertilizer Blending plants, only FOUR of which were operating at partial capacity.

As of the end of 2021, there were 64 fully-functioning Blending Plants in the country. Another 8 new ones have been cleared to start operating in 2022. Image
Mikano Motors Assembly Plant in Warewa, Ogun State. Assembling Geely vehicles.
OLAM's 750,000 MT per annum Integrated Poultry Facility (consisting of Feed Mill, Hatchery and Breeder Farms) in Kaduna State, commissioned by President Buhari in 2017. ~$100m investment: olamgroup.com/news/all-news/…
GB Foods of Spain completed a new factory in Sango, Ogun State, in 2020, to locally produce Bama Mayonnaise: dmarketforces.com/gbfoods-relaun…

PMB met with them during his recent State Visit to Spain (photo) ImageImage
.@Microsoft opened the brand new offices of @MicrosoftADC in Lagos in March 2022, one of the company’s two debut engineering offices in Africa. An investment in the region of $200m: news.microsoft.com/en-xm/2022/03/… Image
In April 2022, @Google landed its 12,000km Equiano undersea cable (12,000km long, from Portugal to SA) in Lagos, Nigeria. Can deliver 6-times faster internet, and is named after a Nigerian writer: capacitymedia.com/article/2a01rs…
Zimbabwean businessman Strive Masiyiwa’s Cassava Technologies (part of his ECONET Group) has recently completed (2021) a brand new 10MW Data Center in Lagos, Nigeria, a $100m investment: cassavatechnologies.com/adc-confirms-b… Image
This here is Ikun Dairy Farm, in Ekiti State. A joint venture between Promasidor (who’ve invested $5m) and @ekitistategov: dailytrust.com/ikun-dairy-far…
Dangote Peugeot Automobiles Nigeria (DPAN) has recently completed a vehicle assembly plant in Kaduna State. JV between @GovKaduna, @DangoteGroup & Stellantis Group (formed from 2021 merger of Fiat Chrysler & PSA Group). Began assembling in Kaduna in 2022: thisdaylive.com/index.php/2022… ImageImage
.@Waltersmithng completed and began operating a brand new 5,000bpd Modular Refinery (MR) in Imo State in 2020. And simultaneously broke ground on the next phase - which will take total capacity to 50,000bpd. It is one of about six new MRs being developed in the Buhari era. Image
.@afreximbank broke ground 2021 on an African Medical Centre of Excellence (AMCE) in Abuja, being developed in partnership with King’s College Hospital, London @KingsCollegeNHS

Completion of first phase scheduled for 2024. ~$300m investment in all

afreximbank.com/construction-o…
.@EverCareNG hospital Lekki “is a 165-bed purpose-built multispecialty, tertiary care private hospital in Nigeria. Evercare Hospital Lekki offers care across a range of specialty medical and surgical services.” Part of a multinational healthcare group. Opened in 2021. ImageImage
In 2018, @nsia_nigeria & UFF African Agri Investments (owned by South Africa’s Old Mutual group) began co-investing in an agric project in Panda, Nasarawa State: Cultivation of maize and soybeans for production of poultry and fish feeds. A $31m investment. ftp.nsia.com.ng/~nsia/Projects… Image
Kasi Cloud Ltd broke ground on a new hyperscale data center in Lagos, Nigeria. 4 hectares of land acquired in Lekki, estimated investment of $250 million, with @nsia_nigeria among the investors. businesswire.com/news/home/2022… Image
In 2022, @MBuhari commissioned the largest granulated urea plant in Africa, built by @DangoteGroup. $2.5B investment. Has the capacity to export up to half a billion dollars worth of urea annually, in addition to local supplies. Now already exporting to North & South America. ImageImage
.@WACOTLimited is completing, in Jigawa State, an organic sesame farm project (drip irrigation) which was started 2 years ago. Jigawa Govt provided 500ha of land. In addition to the farm,there's a Farmers' Academy, a sesame cleaning plant, and warehouses. businessday.ng/news/article/j…
This from Chi Farms Ltd (like WACOT, a member of TGI Group). An announcement, in April 2022, of a "doubling" of their meat processing/production: sunnewsonline.com/chi-farms-doub…
thenationonlineng.net/firm-improves-… Image
Fouani Nig Ltd, which started life as a distributor of electronics, is diversifying into production of diapers.
"ANDRITZ has received an order from Fouani, Nigeria, to supply 2 baby diaper lines for its facilities in Lagos... Start-up scheduled for 2022." andritz.com/newsroom-en/no…
.@skaalfarms commissioned a brand new meat-processing plant in Iperu-Remo, Ogun State, in February 2022. Has the capacity to process 100 pigs and 50 cows daily. The opposition cannot say this one is a lie, lol:
OCP Africa Fertilizers Nigeria Ltd (parent company is Moroccan) is completing a Fertilizer blending Plant in Kaduna. Sitting on 10 hectares of land, with production capacity of 120 metric tonnes of fertilizer per hour. OCP is investing $11.7m, @USAID is putting in a $1.4m grant. ImageImage
Nord Automobiles @nordmotion, a Nigerian automotive manufacturer, opened a vehicle assembly plant in Lagos in 2020, to produce Nord Tank, Nord Max, Nord Tusk, Nord Flit, Nord A3 Sedan, Nord A5 SUV, etc. @PoliceNG recently acquired some Nord vehicles businessday.ng/amp/transport/… ImageImage
Anheuser-Busch InBev (AB InBev) (the world's largest beer company), invested $250 million in the construction of a new brewery in Sagamu, Ogun State. Factory completed and began production in 2018. reuters.com/article/us-nig…

thisdaylive.com/index.php/2018…
"The Kuda Gangara Integrated Tomato Farm, a project by Caraway, an Olam Group company in Jigawa State, has recorded its first commercial harvest at 40 metric tonnes per hectare... the company said the [...] yield was 4 times the average yield in Nigeria." thecable.ng/olam-caraways-…
This is happening in the livestock and dairy sector: Global players like Promasidor, Danone, etc are investing across #Nigeria. But of course most of what you will hear is how things are not working, with little focus on how things are changing for the better:
“Fan Milk, a Danone Company, is set to unveil their newly-completed model dairy farm in Odeda, Ogun State on Tuesday 21st June 2022.
Fan Milk Plc is part of the Danone group, a world-leading food company.” vanguardngr.com/2022/06/fan-mi…
#InvestNigeria
Rungas is building two gas cylinder manufacturing plants, one in Alaro City, Lekki Free Trade Zone, Lagos State, and the other in Polaku, Bayelsa State. Both are being actively supported by @NigeriaGov through equity investments from @OfficialNCDMB thisdaylive.com/index.php/2021…
Nigerian Breweries Plc investment: A 56 Billion Naira expansion in Enugu. #InvestNigeria
2020: “Investment firm Actis has taken a majority stake in Nigerian operator Rack Centre, as part of a $250 million plan to develop a chain of data centers in Africa. Actis plans to double the capacity of Rack Centre's Lagos facility…” datacenterdynamics.com/en/news/actis-…
April 2022: Equinix, Inc. today announced it has completed its deal to acquire @Mainoneservice for an enterprise value of US$320M… Equinix believes MainOne, HQ’d in Lagos, to be one of the most exciting technology businesses to emerge from Africa…” equinix.com/newsroom/press…

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More from @toluogunlesi

Tolu Ogunlesi, MON Profile picture
Jan 12
A #thread of departing Ambassadors talking about Nigerian Food (and Pepper!!!).

Let’s start with France’s Emmanuelle Blatmann (2024):

“I will be very honest with you and blunt, I will not miss the pepper soup because it’s too peppery. You people tried to kill me several times. I will be eating all sorts of things with my eyes red and crying, I have smoke coming out of my ears. I am exaggerating but honestly, why do you put so much pepper? In the North, it’s better but in the South West, my God! But I like the jollof rice, I like the moimoi and the puff-puff.”

punchng.com/i-like-nigeria…
Pirjo Suomela-Chowdhury (Finland) (2018):

“Nigerian food in general is spicier than food in Finland, but I do really enjoy suya, jollof rice, and pepper soup. My family has even ventured into things like giant snails and goat’s head (laughs).”

punchng.com/i-really-enjoy…
Mary Beth Leonard, USA (2023)

“Great food. You know everybody loves their Suya and their jollof rice. And I am a big fan of pepper soup; I really like a lot of spice so I will bring that with me.”

“Nobody ever believes me when I say I like spicy food and a bit of pepper soup. But of course, you can’t be a Nigerian and not appreciate suya and jollof rice. I can say I had fun eating amala at Amala Skye in Ibadan with our visiting pianist who came last year. It was lovely.”



premiumtimesng.com/features-and-i…
thisdaylive.com/index.php/2023…
Read 8 tweets
Tolu Ogunlesi, MON Profile picture
Dec 4, 2023
Gather around, folks.

Would like to share excerpts from this recent speech ON INFRASTRUCTURE from Mr Babatunde Raji Fashola, SAN, delivered at a Dinner in Lagos a few days ago.

He opened it guns blazing. Hit the ground firing.

This is a thread, so, stay with me. Image
But lest you think the speech was primarily about gbajue presidential candidates, it wasn’t.

It was instead about the power of infrastructure, why the @MBuhari Administration focused obsessively on it, and how heartwarming it is that @officialABAT is equally prioritizing it. Image
BRF outlines some of the prioritizing principles behind the Buhari Infrastructure Program:

—Roads leading to and out of Airports and Seaports

—Roads leading to international borders

—Bridges (the Buhari Admin delivered new bridges across Nigeria’s two main Rivers, Niger and Benue)

—Roads connecting critical agro-producing areas.

—Roads within tertiary educational institutions

Image
Image
Read 8 tweets
Tolu Ogunlesi, MON Profile picture
Sep 11, 2023
I want to tell the story of how this State House / Presidential Villa logo came to be. You may have seen it on some publicity materials (State House Press Briefing banner from prev admin, etc) from the State House.

It’s a thread. Image
Sometime in Feb 2016, shortly after I was appointed by PMB, I thought, everyone knows what the White House looks like, why isn’t there a similar visual equivalent - a symbol - for the Aso Rock Villa, seat of the Nigerian Presidency since 1991.
Good question, eh. Then a challenge came up. The White House is a single building, that houses both the residence and the office of the US President.
Aso Rock on the other hand is a sprawling assemblage of buildings. President’s residence and office are separate buildings.
Read 10 tweets
Tolu Ogunlesi, MON Profile picture
Aug 16, 2023
Some History:
In 1999 Obasanjo created a "Ministry for Cooperation and Integration in Africa."
Didn't last very long.
OBJ also created the Ministry of Environment, in 1999.
In 2011, GEJ created "Communication Technology" and "Trade and Investment" ("Industry" added in 2013)
PMB created the new Ministry of Humanitarian Affairs, Disaster Management and Social Development in 2019
—Added "Digital Economy" to "Communications" also in 2019
—Added "Innovation" to "Science and Technology" in 2021
—Added "Aerospace" to "Aviation" in 2023
PBAT has:
—Created a new "Ministry of Art, Culture and Creative Economy."
—Added "Ecological Management" to "Environment"
—Split "Finance" and "Budget/Planning", and renamed "Budget & National Planning" -- now "Budget & Economic Planning"
—Added "Sanitation" to "Water Resources"
Read 4 tweets
Tolu Ogunlesi, MON Profile picture
Jul 7, 2023
Taiwo Oyedele an excellent candidate to lead this Tax work. Was Vice Chair of the National Tax Policy Implementation Committee(NTPIC) set up to implement the 2017 National Tax Policy(NTP) for Nigeria. It was that work that led to introduction of the Finance Acts 2019—2022
#Thread
The then Minister of Finance, @HMKemiAdeosun set up, Aug 2016, a National Tax Policy Review Committee (NTPRC), chaired by Prof Abiola Sanni. NTPRC produced a revised National Tax Policy for Nigeria (FEC approval Feb 2017) updating the original Tax Policy first developed in 2012.

Following the FEC approval of the revised Tax Policy 2017, @HMKemiAdeosun set up a National Tax Policy Implementation Committee (NTPIC) in April 2017. That Committee submitted its report on February 2, 2018. Its work produced drafts of 2 Executive Orders and 5 Amendment Bills.





Read 5 tweets
Tolu Ogunlesi, MON Profile picture
Jul 1, 2023
I have to say that the thing that strikes me the most about the "corridors of power" in Nigeria is the sheer impermanence, the volatility, of it all. The fact that nobody is above falling out of power/favor, and nobody beyond rehabilitation, redemption.
I spend a lot of time thinking about this.
No Permanent Condition: See Ibori, superpower under OBJ/Yar'Adua, next thing GEJ enters & he's forced into exile in Dubai, next thing UK prison. Or Diezani, from co-President of Nigeria to London exile, unable to step foot in Naija 8 yrs. Or Asari, the 'Nnamdi Kanu' of the 2000s:
Read 5 tweets

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