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BEING A PRESENTATION BY ROBERTS ORYA MD/CE OF NIGERIAN EXPORT - IMPORT BANK (NEXIM) AT THE 2013 BORDERLESS ALLIANCE CONFERENCE HELD IN ACCRA, GHANA 21ST 22ND FEBRUARY, 2013
OUTLINE
INTRODUCTION
OVERVIEW
WEST AFRICAN ECONOMIES AND INVESTMENT CLIMATE
ON ECOWAS INVESTMENT CLIMATE AND POLICY FRAMEWORK INVESTMENT THROUGH FREE MOVEMENT CLIMATE
IMPROVING
CONCLUDING REMARKS 2
Historically,
This has become models for sustainable development Free movement within ECOWAS have been quite an
issue due to transport and logistics challenges. West Africa has the lowest quality of transport services, as measured by the Logistics Performance Index (LPI: 2.19), compared to both other regions in Africa (2.272.73) and the rest of the world (3.01-3.99).
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there are correlations movement of goods, people, and improvement in business environment
with beneficiary countries / regions evolving various policies to continually retain and attract investments.
4.0 VALUE PROPOSITON - THE PROPOSED REGIONAL SEALINK PROJECT Based on the foregoing and the need to improve investment climate and free movement of goods and services, a proposed regional sealink project was conceptualized to ameliorate the following;
Low level of ECOWAS intra-regional trade at less that 10% Growth of intra-ECOWAS trade volume in the past decade
from 4.7 million tonnes to 13.2 million tonnes without corresponding increase in key infrastructure.