Abuja, Nigeria. May 5, 2014–The Initiative for Global Development (IGD) convened its tenth Frontier 100 Forum today, bringing together CEOs and senior executives from sector-leading corporations around the world. The Forum’s theme, “Nigeria: Navigating for Success in a Dynamic Market,”highlights the importance of Nigeria as an investment destination, and the economic potential of the country.
“It is our pleasure to host the tenth Frontier 100 Forum here in Abuja, demonstrating IGD’s commitment to catalyzing business investment to drive poverty reduction,”said Lisa Nelson, IGD’s interim CEO and president. “The choice of Abuja as a host city was a strategic decision for IGD, presenting the prime backdrop to discuss the many challenges and opportunities Nigeria specifically and Africa as a whole present for our members.”
Between 2005 and 2013, Nigeria’s GDP growth rate averaged 6.8 percent, and the country last month became the largest economy in Africa. Nigeria has recently made progress in diversifying its economy away from the oil and gas industries, and has experience growth in the film, music, telecoms, and e-commerce industries. But challenges ranging from education to political violence have haunted Nigeria, slowing growth and discouraging investment.
Through its Frontier 100 Forums, IGD brings together corporate leaders to explore partnerships and address challenges through discussions. This Forum featured high-level guest speakers such as H.E. Olusegun Aganga, Nigeria’s Minister of Industry, Trade & Investment; and H.E. Chinedu Nebo, Nigeria’s Minister of Power. The discussion groups centered around entrepreneurship and jobs creation; agribusiness; power; ICT, and structured networking sessions, organized by IGD to identify and foster opportunities for collaboration. Attendees included Andrew Alli, CEO of Africa Finance Corporation; Joseph C. Brandt, President & CEO of ContourGlobal, who joined IGD’s Frontier Leader network to make valuable connections with other CEOs and executives, which lead to strategic investments that make meaningful impact throughout Africa.
As part of the Forum, IGD also partnered with the General Confederation of Moroccan Enterprises (CGEM) to welcome a delegation of senior executives from The Kingdom of Morocco to discuss ways to expand economic and commercial engagement across the African continent. Morocco serves as a key facilitator of international investment in Africa, a gateway to the continent and a collaborative partner of African businesses committed to private sector-driven economic growth in several important sectors.
Additionally, IGD also welcomed its Forum collaboration with its new partner, the Nigeria Leadership Initiative, an international non-profit and non-partisan organization that provides a platform for highly accomplished Nigerian leaders to enhance or develop their value-based skills and to assume a transformative role in Nigeria.
ABOUT THE INITIATIVE FOR GLOBAL DEVELOPMENT (IGD)
The Initiative for Global Development (IGD) is a 501(c)(3) organization that drives significant poverty reduction by catalyzing business growth and investment in the developing world. IGD brings together an influential Frontier Leader network of CEOs and senior executives with the interest and capacity to make strategic investments in high-need, high-potential regions. Learn more: www.igdleaders.org.
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Abuja, Nigeria – The Initiative for Global Development (IGD), a non-profit organization based in Washington, D.C., will convene its tenth Frontier 100 Forum in Abuja, Nigeria on May 5-6, 2014. The two-day event, “Nigeria: Navigating for Success in a Dynamic Market,” will convene corporate leaders from around the world to discuss opportunities and address challenges to investment in Nigeria specifically, and Africa as a whole.
The selection of Nigeria as the host country for the tenth Frontier 100 Forum was a strategic decision by IGD, which brings together corporate leaders to catalyze business investment to drive poverty reduction. Nigeria recently became the largest economy in Africa, and has boasted an average GDP growth rate of 6.8 percent between 2005 and 2013. Still, challenges and uncertainties surrounding the economic and political climates have discouraged some investors, leaving much of Nigeria’s potential untapped.
In addition, IGD is partnering with the General Confederation of Moroccan Enterprises (CGEM) as part of the Forum to discuss ways to expand economic and commercial engagement across the African continent. The Kingdom of Morocco serves as a key facilitator of international investment in Africa, a gateway to the continent and a collaborative partner of African businesses committed to private sector-driven economic growth in several important sectors.
IGD’s experienced staff convenes the Frontier 100 Forums to provide opportunities for its members to foster partnerships and address challenges together. These twice yearly events attract representatives from sector-leading companies including ContourGlobal, Olam International, and Africa Finance Corporation. This year, the Forum also has the honor to welcome H.E. Olusegun Aganga, Nigeria’s Minister of Industry, Trade and Investment; and H.E. Chinedu Nebo, Nigeria’s Minister of Power.
What: IGD’s tenth Frontier 100 Forum
Where: Abuja, Nigeria
When: May 5-6, 2014
For more information about the Forum, including registration and sponsorship opportunities, please contact:
Emma Green: email@example.com
Jason Brooke: firstname.lastname@example.org