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NPL Advisors - Nigerian steel production

Mining 2022 with Optiva Securities and NPL Advisors

NPL Advisors is the financial adviser for Optiva Securities, a United Kingdom based mining and investment organization who wants to acquire mining licenses in Nigeria. A delegation from NPL Advisors and Optiva Securities recently paid a courtesy visit to the Nigerian Ministry of Mines and Steel Development in Abuja , Nigeria. The Minister of Mines and Steel Development, Architect Olamilekan Adegbite and his Ministry Officials welcomed the delegation to his office.

NPL Advisors Mining 2022 with Optiva Securities

Those at the meeting included, from the head of the table left to right, all sitting: [1] The Nigerian Minister of Mines and Steel Development, Architect Olamilekan Adegbite, [2] The Managing Director and Chief Executive Officer NPL Advisors, Francis Nwokedi, [3] The Chief Executive Officer Optiva Securities Ltd, Christian Dennis, [4] The Technical Director Optiva Securities Ltd, Douglas Hamilton, [5] The Executive Director and Head of Oil and Gas NPL Advisors, Confidence Shielu, [6] The Corporate Finance Executive Optiva Securities Ltd, Mariela Jaho. Also at the meeting was the Executive Director and Head of Energy NPL Advisors, Duro Omogbenigun and Associate Director NPL Advisors, Michael Osu.

The Minister who expressed joy over Optiva Securities Ltd’s interest in Nigeria’s mining sector, stated that Nigeria has huge investment opportunities in the mining and minerals sector. The Federal Government is intensifying efforts at attracting direct foreign mining investment. He also told the delegation that Nigeria’s mining sector is now technology-driven and that it is now easy for investors to access information about the mining sector, apply for a licence and certificate online.

In his remarks, Francis Nwokedi, Managing Director and Chief Executive Officer NPL Advisors, said that even though Optiva Securities Ltd has invested in a number of projects across Africa, this was the first time that they were showing a keen interest in coming to Nigeria.

The Chief Executive Officer, Optiva Securities Ltd, Christian Dennis who led the team said that the company had been in Africa and added that they are on a fact-finding mission to Nigeria because of its key interest in exploring investment opportunities in the precious metals and battery metals sector.

Also speaking was the Director General, Abdulrazaz Garba, Nigeria Geological Survey Agency, NGSA, who commended Optiva Securities Ltd for expressing interest to invest in the mining sector. He told the delegation that the Federal Government has provided funds for massive exploration of the mineral potentials of the country. The seven minerals identified include Coal, Bitumen, Limestone, Iron Ore, Barites, Gold and Lead/Zinc Ore.

In another remark, the Director, Investment Promotion and Mineral Trade, IPMT, Yunusa Mohammed, noted that the visit of the investor is an indication that the Ministry’s effort at wooing and attracting international investors is yielding positive results.

The visit to the Ministry was on the heels of the ‘Mines and Money’ conference held by the Federal Government in London in December 2021 to woo investors to the country’s mining sector. The Minister of Mines and Steel Development, Architect Olamilekan Adegbite enjoined the delegation to visit other Agencies of the Ministry, for them to grasp the mining potentials in the country.

The delegation then visited the Mining Cadastre Office (MCO) where the Director General of the MCO, Engineer Obadiah Simon Nkom and his team welcomed them. He pledged the readiness of the country’s mineral licensing agency, the Mining Cadastre Office to collaborate with reputable investors in the organized private sector in order to achieve the mandate of the present administration in the mining sector, adding that Public-Private Partnership can drive huge investment into the mining sector. He said that the government collaborated with the World Bank to upgrade the agency’s system and it is compatible with the rest of the world, stating that with electronic Mining Cadastre (eMC+) application based system, a ready-made platform has been provided for investors all over the world to come on board.

On the successful completion of its mission, the members of the delegation returned to London, the United Kingdom and Lagos, Nigeria. In the weeks since the visit to Nigeria, NPL Advisors and Optiva securities have taken positive steps to actualize the venture.

npl advisors invest in africa housing

Invest in Africa and help leave a Legacy of the Built Environment

At NPL Advisors our first commitment is to our investors. With 100% propriety interest in Africa, and other emerging economies, we choose to recommend investment in African projects which provide the best returns but which are founded on the principles of improving the quality of the local economy and peoples lives. As human beings, we will all at some time or later, have to leave this world. What we leave behind is a legacy of the built environment. What we have built presently in this world so far, has taken us well over two thousand years. We at NPL Advisors appreciate the amount of work done by individuals and governments to help develop this world so far.

Today, with modern technology, we are able to capture, store and save all the knowledge acquired so far in the world. Knowledge from Ancient Egypt, Africa, Europe, Asia and the Americas. With this in mind, all of humanity should come together and develop a great world designed and developed holistically.

When the world thinks as one, we will develop as one whilst respecting one another. There is no longer any need to fight over resources and commodities. The developed world should assist the under developed world to develop. Bio fuels, modern technology and artificial intelligence means that plain water can now be cleaned and used as fuel. Also rubbish can be turned to wealth. We are rapidly living in an age of sophistication and advanced civilisation. There should be no more primitive wars over commodities since the earth has given us all we need to develop as a collective.

NPL Advisors was founded to help project originators and project investors to develop our world and in so doing to leave Legacies of The Built Environment.

Every stage of each projects development will be filmed to ensure compliance to international standards and successful completion. Do contact us if you have project ideas and/or resources to invest in projects that will leave a legacy as we explore the “Art of Investing”.

NPL Advisors facilitate investment in renewables

Renewable Energy 2018 with Carbon Afrika and NPL Advisors

 

NPL Advisors have been instrumental in facilitating the signing of a Memorandum of Understanding between Anambra State Government of the Federal Republic of Nigeria and Carbon Afrika Limited an investment company for a 9.4 Billion Naira Waste to Energy project.

With a time line of 12 to 15 months, the waste treatment plant will be constructed on a 4 hectare piece of land at Ozubulu. It will generate green energy of 24 megawatts of electricity.

The investor is to provide 8.4 Billion Naira representing 90% of the equity while the state government will bring the remaining 10% totalling 9.4 Billion Naira.

The Governor of Anambra State said that the project provides solutions to the environmental and health challenges posed by congested dumpsites across the State. He hopes that effective waste management in line with global best practices will commence in the state and that the project will compliment his administration’s efforts at boosting power supply in the State .The Governor urged the investor to immediately hit the ground running to ensure that the project is realised on schedule.

The Chairman of ANSIPPA (Anambra State Investment and Promotions Agency) explained that the project will generate 250 direct and one thousand and five hundred indirect jobs.

The Managing Director and Chief Executive Officer of Carbon Afrika, the investment company Ms Chizoba Adigwe said that they have reliable financial partners for the project from the French and German Governments and that what they are bringing to Anambra State is a project that is realisable.

The Chairman of the State Power Committee Mr Chike Okonkwo explained that the project will generate power which will be off taken by industries in the Nnewi region.

In a vote of thanks, the Managing Director of the State Waste Management Agency ASWAMA Mr Phil Chiwuba promised they will work closely with the investor to facilitate the movement and management of waste when the project comes on stream.

The formal signing of the Memorandum of Understanding documents by the Governor Chief Willie Obiano and The Chief Executive Officer of Carbon Afrika Ms Chizoba Adigwe at Governor’s Lodge was the high point of the event.

NPL Advisors were central in assisting Carbon Afrika by being its Financial Advisor. More specifically in providing preliminary and detailed discussion / paper on the cross border structural diagrams of the Project including initial and on going flow of funds as well as cash flow analysis. A double spv structure was introduced through Mauritius and the relevant double taxation treaty on withholding taxes and other exempt taxes was furnished by NPL Advisors.

NPL Advisors - invest in Africa

Tectonic shift in political and economic thinking

Now that the Nobel Peace Prize Winner President Obama is on his “way out” and President Elect Trump is on his “way in” to the office housing the world’s oldest surviving federation, what impact will this tectonic shift in US political and economic thinking have on .US.-Nigeria relation; more specifically, on the U.S.-Nigeria Trade and Investment Framework Agreement (TIFA) Council whose aim ever since it was established in 2000 was to create a civilised inclusive forum for regular, high-level dialogue on enhancing and improving co-ordination between the United States of America and the Federal Republic of Nigeria on multilateral and bilateral trade and investment issues?

The answer, on one level, is simple: we do not know. Nevertheless, one can hazard an educated deduction based on the character, rhetoric, knowledge and critical thinking of the President Elect. This will be the subject matter of NPL’s weekly blog in the forthcoming weeks.

Francis Nwokedi
Managing Director