Global Value Chain Participation enhancement in Nigeria

1. 1
Global
Value
Chain
(GVC) in
Nigeria
The Outlook, Challenges, Prospect and
Opportunities

2. 2
GLOBAL VALUE CHAINS
INSIGHTS TO GVCS
04
GVC creates opportunity for
dealing with challenges of
limited growth in a country .
06
This breakdown of the process means capacity and ability to
participate is broaden as it allows for smaller states with less
resources or capacity to focus on their core competencies
thereby giving them an opportunity to participate in global
trade at different levels of contributions
01
GVC creates room for development
through the strengthening of economies
of scale.
03
The theory allows for a collective
growth through the distribution of
contribution to each state.
.
05
It allows for the specialization and optimal
performance of each member; this is created
through breaking down a large task into
smaller components to allow participation of
different countries
02
It serves as a means of creating
jobs, creation and development of
industries as well as improved
standard of living in the
participating countries.

3. 3
PROPOSAL
NIGERIAN GOVERNMENT
1 2 3 4
01
GVC creates a huge
opportunity for Nigeria
02
Nigeria has predominately
focused on revenues for crude
oil.
03
Active participation in GVC will
allow Nigeria diversify and
strengthen its economy
04
With the growth of global
economies and the strength
therein, this proposal is aimed
at Nigerian government
specifically the Ministry of
Trade and Investment

4. 4
BACKGROUND
THE CASE OF NIGERIA
1 Monopolistic Market
2 Country Challenges
3 Outlook
The majority of the revenue and focus of Nigeria is from Crude oil
trading. Nigeria is a top producer of crude oil and a member of Oil
Producing Countries (OPEC)
The status of a developing economy coupled with political and
social challenges poses some restrictions on the country
With a population of over 180million and a vast deposit of national
resources , there is a huge potential in the Nigeria market/ economy

5. 5
CHALLENGES
THE NIGERIAN CASE
CORRUPTION
Nigeria ranks 144 out of 180 countries in the
Transparency International Index. This high level of
corruption increases cost of doing business and
slows down the processes
DEVELOPING POLITICS/
GOVERNMENT
With a developing political system of
democracy; the country is faced with
challenges of solid regulatory
framework .
INSECURITY
Insurgence and high levels of
insecurity in parts of the country is a
deterrent to doing business
INFRASTRUCTURAL
CHALLENGES
Low Infrastructural facility such as
electricity, road, railway limits the
ease of doing business
JUDICIAL/ LEGAL FRAME WORK
Lack of independence and limitation in the
working of the judicial system weaknesses the
enforcement of contracts and agreement ,
thereby weakening the business environment

6. 6
GLOBAL VALUE CHAIN AS AN APPROACH TO RESOLVING CHALLENGES
CASE OF NIGERIA
1
2
3
DIVERSIFY
The development of business and
sectors such as Agric, and other
natural minerals aside for crude
IMPROVE
Improve the offering of the country
through activate participation of GVCs
through the development of
Agriculture related business
CONSOLIDATE
Creating a framework to improve the ease of doing
business in Nigeria

7. 7
SPECIFIC GVC GOALS
CASE OF NIGERIA
02 05
01
03 04
ENHANCE
REGULATORY
FRAMEWORK
05
Improve the import and export process through an
enhanced Nigerian Custom Services. Through
improved shipping cost and conditions
01
Improve Local Participation through
enhance local production of components
needed abroad
02
Enhance the laws round natural
recourses exploration/ export and
development
04
Attract GVCs through the signing of
Memorandum of Understanding (MOU),
giving perlatives and generally
encouraging trade amongst different
countries and companies .
03
Improve the legal and political process through
enhance political stability and independence of
the judiciary system

8. 8
STEPS TO DEVELOPING GVC
NIGERIA
CREATE AWARENESS
Need for the key decision
makers to buy into the idea.
This will be done through
elaborate training on the
benefits therein .
IMPROVE
ENVIRONMENT
Creating an enabling
environment for
International Trade to
prosper. The will include
Laws, Policies and
Regulations round GVCs.
STRATEGIC ALLIANCES
Entering into alliances with
giant corporation. This will
be strategic companies/
countries with demand for
the local resources in
Nigeria: Land, Human
Capital, Agric, & Mineral
resources.
IMPROVE BUSINESS
Continues enhancement of
the process to give room
for growth, development of
the country through
improved GVCs
arrangement.

9. 9
SUSTAINING GVC
NIGERIA
MARKET
Continues promotion of the Nigeria
Brand in the appropriate markets
(countries/ companies) this will help
increase the participation of Nigeria
in GVCs
FOCUS
Focus on ways to enhance the
operation of the partner countries
and companies
Support
Create necessary support to local
firms to participate in GVCs. This can
be done through access to finance,
technology, palliative and reforms .
LUNCH
Commence the strategic alliances to
improve GVS .
BUILD
Creating a framework on how to
improve GVC in Nigeria.

10. 10
CONCLUSIONS
GLOBAL VALUE CHAIN ENHANCEMENT IN NIGERIA
03
Nigeria is highly endowed with natural and human assets
which makes its well positioned to participate in GVCs.
01
GVC creates an avenue to reduce poverty, improve the
economy of Nigeria.
02
Nigeria faces challenges of monopolistic economy,
infrastructural and regulatory deficiencies .
04
Challenges of doing business in Nigeria need to be
enhanced to allow for the growth of GVC

11. 11
CONTACT
Omotola Oshinowo
Instagram: Omotolaoshinowo
Twitter: Omoshine
Facebook: Omotola Oshinowo
tolaforeal@yahoo.com
+234 909 990 8900
www.ampersandng.com