DOCSLIB.ORG

Nigeria's Renewal: Delivering Inclusive Growth in Africa's Largest Economy

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Nigeria's Renewal: Delivering Inclusive Growth in Africa's Largest Economy McKinsey Global Institute McKinsey Global Institute Nigeria’s renewal: Delivering renewal: Nigeria’s inclusive largest growth economy in Africa’s July 2014 Nigeria’s renewal: Delivering inclusive growth in Africa’s largest economy The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Our “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on six themes: productivity and growth; natural resources; labour markets; the evolution of global financial markets; the economic impact of technology and innovation; and urbanisation. Recent reports have assessed job creation, resource productivity, cities of the future, the economic impact of the Internet, and the future of manufacturing. MGI is led by three McKinsey & Company directors: Richard Dobbs, James Manyika, and Jonathan Woetzel. Michael Chui, Susan Lund, and Jaana Remes serve as MGI partners. Project teams are led by the MGI partners and a group of senior fellows, and include consultants from McKinsey & Company’s offices around the world. These teams draw on McKinsey & Company’s global network of partners and industry and management experts. In addition, leading economists, including Nobel laureates, act as research advisers. The partners of McKinsey & Company fund MGI’s research; it is not commissioned by any business, government, or other institution. For further information about MGI and to download reports, please visit www.mckinsey.com/mgi. McKinsey in Nigeria McKinsey & Company is a global management consulting firm that helps many of the world’s leading organisations address their strategic challenges, from reorganising for long-term growth to improving business performance and maximising revenue. With consultants deployed in more than 60 countries across the globe, McKinsey advises on strategic, operational, organisational, and technological issues. For more than eight decades, the firm’s primary objective has been to serve as an organisation’s most trusted external adviser on critical issues facing senior management. McKinsey opened its first office in Africa in 1995 and is playing an active role in the continent’s economic rebirth, making a difference to both individual clients and whole countries. McKinsey has more than 350 consultants working in Addis Ababa, Cairo, Casablanca, Johannesburg, Lagos, Luanda, and Nairobi and has completed more than 2,000 engagements across the continent. Since 2002, McKinsey has helped support the growth and development of Nigeria. Since opening its Lagos office in 2010, McKinsey has completed more than 200 projects in the country, serving a range of private local companies, multinationals, state-owned enterprises, and the public sector. Copyright © McKinsey & Company 2014 McKinsey Global Institute July 2014 Nigeria’s renewal: Delivering inclusive growth in Africa’s largest economy Acha Leke Reinaldo Fiorini Richard Dobbs Fraser Thompson Aliyu Suleiman David Wright Preface Global investors and business leaders are focusing on Kathryn Zealand. Geoffrey Lewis provided editorial Africa as the next frontier of growth and opportunity, support, and we thank MGI’s production and assuming the role that Asia has played in the past design team—Julie Philpot and Marisa Carder—as 30 years. As in Asia, rapidly developing economies have well as Rebeca Robboy and Marlynie Moodley in the potential to lift millions of people out of poverty, external relations. contribute to global labour pools, and create a new consuming class. Nowhere is this potential more apparent We are grateful for the advice and input of many than in Nigeria, which is the largest African nation not only McKinsey colleagues, including Rolando Balsinde, in population, but also in economic output. Dominic Barton, Martin Bratt, Armando Cabral, Bruno Carrilho, Elsie Chang, Michael Chui, Dan Cole, This report was prepared through a collaboration Eoin Daly, Scott Desmarais, Diana Farrell, Lutz Goedde, between the McKinsey Global Institute (MGI) and Marte Guldemond, Indrek Heinloo, Adam Kendall, McKinsey’s Nigeria office to assess the opportunity that Alastair Levy, Susan Lund, Anu Madgavkar, Karl- Nigeria’s growth represents for global, local, and regional Hendrik Magnus, James Manyika, Jan Mischke, businesses and, most importantly, for its people. We find Derek Neilson, Liane Ong, Sree Ramaswamy, that the substantial progress that Nigeria has made in Jaana Remes, Joao Viana Rodrigues, Occo Roelofsen, the past 15 years has not been fully appreciated in the Bill Russo, Namit Sharma, Marc Stoneham, Ade Sun- outside world, where the nation’s challenges—including Basorun, Amine Tazi-Riffi, Arend Van Wamelen, and security issues—have garnered more media attention. Jonathan Woetzel. Nigeria has, in fact, established a record of steady growth and improved political stability. Despite persistent poverty, This work was made possible by the insights that the country has a rapidly growing consuming class. In the were shared by our academic advisers and experts following pages, we describe how Nigeria can build on from industry, the nonprofit sector, and the Nigerian its recent success and ensure that in the coming decade government. We thank our academic advisers Paul Collier, growth is more inclusive so that more Nigerians can professor of economics and public policy at the Blavatnik escape poverty and enjoy a decent standard of living. School of Government, Oxford University; Richard Cooper, Maurits C. Boas Professor of International Economics, This research was led by Acha Leke, director of Harvard University; Shelby Grossman of Harvard McKinsey in Africa and member of the MGI Council; University; and Daniel Rogger of University College Reinaldo Fiorini, managing director of the McKinsey London. Industry leaders who contributed include Lagos office; and Richard Dobbs, an MGI director in Lazarus Angbazo, president and CEO, GE Nigeria; London. Fraser Thompson, an MGI senior fellow based in Hakeem Belo-Osagie, chairman, Etisalat Nigeria; Singapore, directed the research with Aliyu Suleiman, an Aliko Dangote, chairman and CEO, Dangote Group; associate principal based in London. The research team Dharnesh Gordhon, managing director, Nestlé Nigeria; was led by David Wright and consisted of Tim McEvoy, Phillip Ihenacho, CEO, Seven Energy; Kola B. Jamodu, Amuche Okeke-Agba, Roelof van Schalkwyk, and chairman, Nigerian Breweries; Razia Khan, head of regional research (Africa), Standard Chartered Bank; This report contributes to MGI’s mission to help business Timothy Okon, director of transformation, Nigerian and policy leaders understand the forces transforming the National Petroleum Corporation; Oscar Onyema, CEO, global economy, identify strategic locations, and prepare Nigerian Stock Exchange; and Foluso Phillips, executive for the next wave of growth. As with all MGI research, this chairman, Phillips Consulting. work is independent and has not been commissioned or sponsored in any way by any business, government, We also benefited from the insights of Donald Kaberuka, or other institution. We welcome your comments on the president of the African Development Bank; Elsie Kanza, research at [email protected]. head of Africa at the World Economic Forum; John Litwack, lead economist for Nigeria, the World Bank; Marie Francoise Marie-Nelly, World Bank country director for Nigeria; Frank Nweke Jr., director-general, Richard Dobbs Nigerian Economic Summit Group; and Ada Osakwe, Director, McKinsey Global Institute Elumelu fellow at the Tony Elumelu Foundation and London senior investment adviser to the Nigerian Ministry of Agriculture and Rural Development. We are also James Manyika indebted to Joe Abah, director-general, Bureau of Director, McKinsey Global Institute Public Service Reforms; Yemi Kale, CEO of the Nigerian San Francisco National Bureau of Statistics; Bambo Kunle-Salami, Jonathan Woetzel special adviser to the minister of industry, trade and Director, McKinsey Global Institute investment; Kingsley Obiora, special adviser to the chief Shanghai economic adviser to the president; Kelechi Ohiri, senior technical adviser to the minister of health and lead, Acha Leke Saving One Million Lives; Ngozi Okonjo-Iweala, Nigeria’s Director, McKinsey & Company, and member of MGI coordinating minister for the economy and minister of Council finance; Philip Osafo-Kwaako, special assistant to the Africa co-ordinating minister for the economy; Dapo Oyewole, technical adviser to the minister of national planning; Muhammad Ali Pate, former minister of state for health; and Christopher Shyers, team leader for Growth and July 2014 Employment in States, an employment project supported by Nigeria’s Federal Ministry of Trade and Investment and funded by the World Bank and the UK Department for International Development. We are grateful for all of their input, but the final report is ours and any errors are our own. Nigeria today … The largest
Load more

Recommended publications
  • PDF/Population/ P9p10%20Literacy%20Rates%20By%20District,%20Sex%20An Census and Statistics, Sri Lanka) D%20Sector.Pdf 5 Department of Census and Statistics Sri Lanka
    Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized i | Broadband in Sri Lanka: A Case Study ii | Broadband in Sri Lanka: A Case Study © 2011 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: [email protected] All rights reserved The findings, interpretations and conclusions expressed herein are entirely those of the author(s) and do not necessarily reflect the view of infoDev, the Donors of infoDev, the International Bank for Reconstruction and Development/The World Bank and its affiliated organizations, the Board of Executive Directors of the World Bank or the governments they represent. The World Bank cannot guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply on the part of the World Bank any judgment of the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to infoDev Communications & Publications Department; 2121 Pennsylvania Avenue, NW; Mailstop F 5P-503, Washington, D.C.
    [Show full text]
  • Mobile Broadband - the 'Killer Ap' for 3G in Asia-Pacific?
    Broadband Report 3 Mobile broadband - the 'killer ap' for 3G in Asia-Pacific? The author, Janice Chong, is an industry manager at global growth consulting company Frost & Sullivan. She spearheads research in mobile and wireless communications, covering services, applications and devices in the Asia Pacific telecommunications ive years on from its initial launch in applications, there is little that differenti- F Japan and South Korea, 3G (third ates 3G from 2.5G services. The latter is generation) network deployment is on a already capable of delivering most mobile global scale. With the exception of China, services and applications over its existing India and Thailand, the 3G movement has network. The only compelling proposition permeated the Asia Pacific region, ranging that 3G offers is user experience due to from the highly saturated to the emerging its bigger bandwidth pipe, which allows for markets. Apart from the mature (tier-i) 3G shorter download time and better quality of markets i.e. Japan and South Korea, coun- service. As it stands, the lack of compelling tries that have launched 3G services now content and a business case for users to include Hong Kong, Australia, New Zea- embark on this migration path has inhib- land, Singapore and Malaysia (collectively ited the mass adoption of 3G. known as tier-2 3G markets). The strategic positioning for 3G services The 3G subscriber base in Asia Pacific so far has mainly centred on price plays grew 54.7 percent (year-on-year) in 2006 as an immediate means of enticing users reaching 90.6 million subscribers, which to migrate onto the 3G platform.
    [Show full text]
  • Fresh Apples, Grapes, and Pears: World Markets and Trade
    United States Department of Agriculture Foreign Agricultural Service June 2021 Fresh Apples, Grapes, and Pears: World Markets and Trade FRESH APPLES World production for 2020/21 is projected down 3.6 million tons to 75.9 million on a severe spring frost significantly affecting China’s northwest provinces. Trade is also forecast down on lower exportable supplies in the European Union and United States. China production is estimated lower by 1.9 million tons to 40.5 million on a severe spring frost in northern provinces that affected flowering. Although total production is down, higher volumes of lower grade fruit are expected, boosting shipments to price‐conscious Southeast Asia markets and lifting exports to 1.1 million tons. Imports are projected over 30,000 tons lower to 70,000 as COVID‐19 led to logistical disruptions, generating more cautious buying from importers. EU production is expected to rise over 500,000 tons to 12.2 million as greater supplies from an on‐year in non‐commercial orchards more than compensates for losses in weather‐affected commercial orchards. Exports are projected down 135,000 tons to 880,000 on fewer commercial supplies, while imports are also expected lower to 460,000 as reduced shipments from Eastern European suppliers more than offsets supplies from the Southern Hemisphere. Turkey production is projected to Turkey Apple Exports Trending Higher surge nearly 700,000 tons to 4.3 million despite some hail in Kayseri 300 and the largest apple production Forecast Rest of World Tons province of Isparta. Overall good 250 Libya growing conditions and plantings of India Metric new varieties coming into production 200 Syria are expected to generate a sixth Iraq Russia straight year of growth.
    [Show full text]
  • What Is the Impact of Mobile Telephony on Economic Growth?
    What is the impact of mobile telephony on economic growth? A Report for the GSM Association November 2012 Contents Foreword 1 The impact of mobile telephony on economic growth: key findings 2 What is the impact of mobile telephony on economic growth? 3 Appendix A 3G penetration and economic growth 11 Appendix B Mobile data usage and economic growth 16 Appendix C Mobile telephony and productivity in developing markets 20 Important Notice from Deloitte This report (the “Report”) has been prepared by Deloitte LLP (“Deloitte”) for the GSM Association (‘GSMA’) in accordance with the contract with them dated July 1st 2011 plus two change orders dated October 3rd 2011 and March 26th 2012 (“the Contract”) and on the basis of the scope and limitations set out below. The Report has been prepared solely for the purposes of assessing the impact of mobile services on GDP growth and productivity, as set out in the Contract. It should not be used for any other purpose or in any other context, and Deloitte accepts no responsibility for its use in either regard. The Report is provided exclusively for the GSMA’s use under the terms of the Contract. No party other than the GSMA is entitled to rely on the Report for any purpose whatsoever and Deloitte accepts no responsibility or liability or duty of care to any party other than the GSMA in respect of the Report or any of its contents. As set out in the Contract, the scope of our work has been limited by the time, information and explanations made available to us.
    [Show full text]
  • Strategies for Transition to Third Generation Cellular Communication in Sri Lanka
    ENGINEER - Vol. XXXX], No. 03, pp.[42 - 55], 2008 © The Institution of Engineers, Sri Lanka Strategies for Transition to Third Generation Cellular Communication in Sri Lanka M. R. M. Hazary and A. T. L. K. Samarasinghe Abstract: The mobile market is currently in the phase of being restructured. The introduction of third generation (3G) networks incurs to high expenditure. These expenses have to be compensated with revenues from successful applications and mobile services, which contribute to a positive Return on Investment (ROI). Researchers' ultimate objective is to understand the user acceptance of 3G services in Sri Lanka and formulation of strategies to make 3G a reality in Sri Lanka. Research findings shows that there is a market i ' acceptance for 3G services in Sri Lanka and the service providers are technically capable of absorbing the technology in to their systems. Further implementation should prioritize on the delivery on benefits to customers rather than clever technology. Key Words: Third generation (3G) ,Mobile market, restructuring, Return on Investment (ROI),technology, Strategies 1. Introduction operations in late 1980's or early 1990's, but some are still new to the business with regard to the 1.1 Background new technologies. But within few years some operators were able to reach the standard of Economic growth, the pace of technical change, developed country operator's technology. and the element of mobility in modern lifestyles, will continue to drive demand for mobile It is decision time, as many mobile operators must services. Mobile services will grow in number now commit to 3G rollouts and launches.
    [Show full text]
  • Product & Service Guide
    Product & Service Guide Your complete guide to JohnsonDiversey cleaning and hygiene solutions www.johnsondiversey.co.uk 2 Your complete guide to 1 JohnsonDiversey cleaning and hygiene solutions Whether you are a new or existing customer we want you to get the most from this guide. Contents Contents Features of this guide: There is a product index at the back Sustainability 2 72 Product Index A A Cif Wood Floor Cleaner 65 Enhance Foam Shampoo 27 Supply Chain 4 Agressor 31 CLAX 100 OB 48 Enhance Spot & Stain 27 Aquamat 10 56 CLAX 100 S 48 Ensign 360/460 55 Aquamat 20 56 CLAX 500 49 Ensign SM1/2 55 Aquamat 30 56 CLAX Bright 47 Ensign Stealth 1/2 55 Aquamat 45 56 CLAX Build 48 Ergodisc 1200 57 Customer Service Commitment 5 CLAX Diamond 47 Ergodisc 165 56 CLAX Elegant 3CL2 47 Ergodisc 200 56 B B CLAX Hypo 48 Ergodisc 238 56 Bactosol Beerline Cleaner 11 CLAX Kombi Citric 48 Ergodisc 400 56 Product Index Bactosol Cabinet Detergent 11 CLAX Mild 3RL1 47 Ergodisc 438 57 Bactosol Cabinet Glasswash Rinse Aid 11 CLAX Novix 49 Ergodisc Accessories 60 Kitchen Hygiene 6 Bactosol Glass Renovator 11 CLAX Oxy 4EP1 49 Ergodisc duo 56 Bactosol Hand Glasswashing Liquid 11 CLAX Perfect 48 Ergodisc Foam Generator 56 Balimat 45 58 CLAX Profi 47 Ergodisc Mini 56 Bourne Aqua Seal 27 CLAX Revita 49 Ergodisc omni 57 Bourne Seal 27 Clax Revoflow 45 Exact System 40 Bar & Cellar Cleaning 11 Bourne Traffic Liquid Wax 27 CLAX Saturn 49 Brillo Catering Scourers No.96 69 CLAX Sigma 48 Brillo Cleaner & Degreaser 68 CLAX Silver 48 F B Florzip Sweeping System 54 Brillo Concentrated
    [Show full text]
  • The Rise and Fall of Israel's Bilateral Aid Budget 1958-2008
    A mere ten years after Israel gained its independence from British mandatory rule in 1948, it launched an official development cooperation program. At a time when Israel was itself still a developing country, it began a training and technical assistance program that expanded within a few short years to include the dispatch of hundreds of Israeli technical assistants to other developing countries and the training of thousands of Africans, Asians and Latin Americans annually. Driven by both political necessity and the moral vision of Israel’s leaders, the program rapidly grew in size and scope. At its height, in the late 1960s and early 1970s, MASHAV, the government body responsible for managing the aid program, was the largest department in Israel’s Ministry of Foreign Affairs, and Israel had, per capita, one of the most extensive technical assistance programs in the western world. Unfortunately, this vision of cooperation, at least as far as Africa was concerned, proved to be short-lived. Within 15 years of the establishment The Rise and of Israel’s official aid program, the "golden age" of Israel's development cooperation came to an abrupt end, as all but four African countries Fall severed relations with Israel in the wake of the October 1973 Arab-Israeli War. Africa’s rejection of Israel dealt a deep blow to Israeli public and of Israel's political support for its aid program, marking a turning point from which Bilateral Aid Israel technical assistance has never recovered. The rupture of relations led to an immediate 50% drop in MASHAV’s operational budget and further Budget substantial budgetary cuts over the past 35 years.
    [Show full text]
  • In Emerging Markets
    IN EMERGING MARKETS A list of the global companies with the Enterprise expertise to deliver profitability to 5G: Cisco (It’s a short list.) Over 85 percent of service provider CEOs agree that enterprises are key to monetizing 5G.1 Cisco has the expertise to make the transition to 5G seamless and profitable. Find out why at cisco.com/go/5g 1. Global Mobile Trends 2018, GSMA Intelligence, 2018. ©2019 Cisco and/or its affiliates. All rights reserved. 5G IN EMERGING MARKETS Contents 04 Foreword by James Barton DEVELOPING TELECOMS 05 Partners CISCO / MATRIXX / OOREDOO / ZTE 07 5G Statistics DEVELOPING TELECOMS 10 Evaluating Market Opportunities of 5G in Emerging Markets By Malik Saadi ABI RESEARCH 16 Enabling the Telco Cloud Platform By Omar Sultan CISCO 21 5G To Follow a Politicized Path in Developing Markets: Telcos Beware By Matt Walker MTN CONSULTING 27 Monetizing 5G in Emerging Markets By Jennifer Kyriakakis MATRIXX SOFTWARE 31 Video: Jio & Cisco Network Parnership in India is Transforming Lives CISCO 32 5G: The Opportunity for the Emerging Markets to Drive Innovation By Leonard Lee NEXTCURVE 39 Making 5G a Reality For All; Taking an Evolutionary Approach By Sheikh Saud Bin Nasser Al Thani OOREDOO 44 ZTE Accelerates the Commercial Use of 5G Networks with Innovative Technologies By Alex Wang ZTE 47 Neutral Host Networks: Emerging Markets Dean Bubley DISRUPTIVE ANALYSIS 54 Farms, Food, and 5G By Dan Kurschner And Susan Daffron CISCO www.developingtelecoms.com | October 2019 3 5G IN EMERGING MARKETS Foreword by James Barton Are emerging markets ready for 5G? Releasing a report exploring 5G in emerging markets might seem a little premature – after all, the first launches of commercial 5G networks have taken place just this year across several developed markets.
    [Show full text]
  • (AWS) AUDIT REPORT Nigerian Bottling Company Limited
    ALLIANCE FOR WATER STEWARDSHIP (AWS) AUDIT REPORT Based on AWS Standard Version 1.0 Nigerian Bottling Company Limited (Member of Coca Cola Hellenic Group) #1 Lateef Jakande Road, Agidingbe Ikeja, Lagos State Nigeria. Report Date: 23-08-2019 Report Version: 02.0 Prepared by: Control Union Certification Services Accra, Ghana. Project No.: 867406AWS-2019-07 AWS Reference No.: AWS-010-INT-CU-00-05-00010-0072 Nigerian Bottling Company Limited AWS Audit Report Contents 1. General Information ............................................................................................................................. 3 1.1. Client Details ................................................................................................................................. 3 1.2. Certification Details ....................................................................................................................... 3 2. Executive Summary ............................................................................................................................... 3 3. Scope of Assessment............................................................................................................................. 4 4. Description of the Catchment ............................................................................................................... 4 5. Summary on Stakeholder and shared Water Challenges ..................................................................... 7 6. Summary of the Assessment................................................................................................................
    [Show full text]
  • GAIN Report Global Agriculture Information Network
    Foreign Agricultural Service GAIN Report Global Agriculture Information Network Voluntary Report - public distribution Date: 5/2/2003 GAIN Report #MY3019 Malaysia Market Development Reports Fresh Produce Market in Malaysia 2003 Approved by: Bonnie Borris U.S. Embassy, Kuala Lumpur Prepared by: Spire Research Sdn Bhd Report Highlights: This report provides background on the Malaysian fresh produce market and its future prospects; consumers’ taste and preferences and distribution patterns. It also provides recommendation for US fresh produce exporters on market penetration. Includes PSD changes: No Includes Trade Matrix: No Unscheduled Report Kuala Lumpur [MY1], MY GAIN Report #MY3019 TABLE OF CONTENTS 1.Country Profile ............................................. Page 1 of 18 1.1 Country Overview .................................... Page 1 of 18 1.2 Malaysian Economy ................................... Page 2 of 18 1.3 Demography of Malaysia ............................... Page 3 of 18 1.4 Malaysia’s Agriculture Industry .......................... Page 3 of 18 2. Consumption of Fresh Produce in Malaysia ...................... Page 4 of 18 3. Import of Fresh Produce ..................................... Page 6 of 18 4. Major Exporters of Fresh Produce ............................. Page 8 of 18 5. Consumer Preference ....................................... Page 11 of 18 6. Government Import Requirements and Tariffs ................... Page 12 of 18 7. Distribution of Fresh Produce ................................ Page 12 of 18 8. Recommendations
    [Show full text]
  • AFRICAN ECONOMIC CONFERENCE 2016 Feed
    AFRICAN ECONOMIC CONFERENCE 2016 Agenda (as of December 4, 2016) Feed Africa Towards Agro-Allied Industrialization for Inclusive Growth Hotel Transcorp Hilton Abuja, Nigeria December 5 - 7, 2016 www.afdb.org/aec-2016 1 PRELIMINARY AGENDA Sunday, December 4th 2016 11:30 – 18:00 Registration of Participants at Hotel Transcorp Hilton DAY ONE: Monday, December 5th 2016 8:30 – 9:00 Registration of Participants 9:00 – 9:45 Official Opening Ceremony Room: Congress Hall Master of Ceremony: Wole Famurewa, Journalist, CNBC Africa Opening Remarks Akinwumi Adesina, President, African Development Bank (AfDB) Abdalla Hamdok, Acting Executive Secretary, United Nations Economic Commission for Africa (ECA) Abdoulaye Mar Dieye, UN Assistant Secretary General and Director, Regional Bureau for Africa, United Nations Development Programme (UNDP) Official Opening: Representative of the Federal Republic of Nigeria (TBC) Rapporteurs: Amarakoon Bandara, UNDP, Deniz Kellecioglu, ECA, Emmanuel Chinyama, ECA 9:45 – 9:50 End of the Official Opening Ceremony 9:50 – 10:50 Round-Table: The way forward to transforming Africa’s agriculture Room: Congress Hall Moderator: Wole Famurewa, Journalist, CNBC Africa Special presentation: “Globalization, Inequality and Policy Responses” Eric Maskin, Nobel laureate and Professor, Harvard University, USA Akinwumi Adesina, President, African Development Bank (AfDB) Abdalla Hamdok, Acting Executive Secretary, United Nations Economic Commission for Africa (ECA) Abdoulaye Mar Dieye, UN Assistant Secretary General and Director,
    [Show full text]
  • Annual Commencement / Northwestern University
    One J-fundred and Tifty^Third Jlnnual (Commencement NORTHWES UNIVERSr J^une ly, ion Enclosed: Corrected Copy of Commencement Book [ ^'Northwestern University One Hundred and Fifty-Third Annual Commencement 10:30 A.M., Friday, June 17, 201 l Ryan Field EvANSTON, Illinois University Seal and Motto Soon after Northwestern University was redesigned the seal, retaining the book University and the date of its founding. founded, its Board of Trustees adopted and light rays and adding two quota- This seal, which remains Northwestern's an official corporate seal. This seal, ap- tions. On the pages of the open book official signature, was approved by the proved on June 26, 1856, consisted of he placed a Greek quotation from the Board of Trustees on December 5, 1890. an open book surrounded by rays of light Gospel of Saint John, chapter 1, verse 14, and circled by the words Northwestern translating to The Word . full of The full text of the University motto, University, Evanston, Illinois. grace and truth. Circling the book are adopted on June 17, 1890, is from the first three words, in Latin, of the the Epistle of Paul the Apostle to the Thirty years later Daniel Bonbright, University motto: Quaecumque sunt vera Philippians, chapter 4, verse 8 (King professor of Latin and a member of (Whatsoever things are true). The outer James Version). Northwestern 's original faculty, border of the seal carries the name of the NORTHWESTERN UNIVERSITY '^^hatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure, whatsoever things are lovely, whatsoever things are ofgood report; ifthere he any virtue, and if there be any praise, think on these things.
    [Show full text]