FARINA E PETROLIO IN AFRICA

L’attacco della Russia all’Ucraina e le sanzioni di ritorsione dall’Occidente potrebbero segnalare una buona notizia per le economie legate ai petro dollari come la Nigeria. Il Brent, l’indicatore del petrolio greggio nigeriano, ha superato i 100 dollari al barile per la prima volta dal 2014.

Con l’escalation della crisi Russia-Ucraina, le materie prime come il grano e il mais dovranno affrontare interruzioni dell’approvvigionamento e l’ aumento dei prezzi.

L’effetto a catena sarà pesante per le aziende nigeriane che operano nel settore alimentare che attualmente stanno già affrontando un aumento dei costi di produzione a causa della volatilità del range di cambio.

I dati commerciali hanno mostrato che Egitto, Turchia, Bangladesh e Nigeria erano le principali destinazioni del grano russo nel 2019 e la tendenza non è cambiata.

Il conflitto minaccia la più grande economia africana, la Nigeria, a causa del costo dei prodotti alimentari a base di grano.

La Nigeria, a causa della bassa capacità di raffinazione del grezzo è costretta ad importare benzina e gasoli, il Governo sostiene l’economia calmierando il prezzo di questi prodotti con massicci aiuti.

Lo sviluppo di questa situazione potrebbe significare un aumento del costo della vita per i 250 milioni di abitanti della Nigeria ed esporre ulteriormente la persistente incapacità del paese di trasferire le fortune petrolifere alle realtà economiche, nonostante la sua ricchezza energetica.

La nuova mega raffineria di Dangote dovrebbe entrare in funzione quest’anno, se non subirà ulteriori ritardi, questo dovrebbe permettere al Governo di eliminare totalmente l’enorme spesa per calmierare i prezzi di benzina e diesel.

Le prospettive a medio termine dell'Africa sembrano più ottimistiche con 1,2 milioni di barili al giorno (mb/g) di nuova capacità prevista entro il 2026, metà della quale sarà rappresentata dal progetto di raffineria 650.000 bpd Dangote oil project in Nigeria, che dovrebbe entrare in funzione nel 2022"

Romano Pisciotti

NIGERIA: WAR RISK INSURANCE

War Risk Insurance: Again, Nigeria makes case for removal of punitive shipping fees
Nigeria has continued to press for the lifting of the War Risk Insurance (WRI) imposed on vessels delivering goods and merchandise to Nigeria due to fears of insecurity.

ROMANO PISCIOTTI: NIGERIA NEWS

https://businessday.ng/maritime/article/war-risk-insurance-again-nigeria-makes-case-for-removal-of-punitive-shipping-fees/?mc_cid=d3e38123a1&mc_eid=f1ca3f878b

GREAT BUSINESS IN NIGERIA

Why should you invest in Nigeria?

There are many reasons why you should consider investing in Nigeria. Nigeria is the largest economy in Africa ahead of South Africa, Egypt and the rest. With so many opportunities for growth, PwC has projected Nigeria among the top world economies in 2050 ahead of Italy, Canada, South Korea, Spain, Netherlands, Australia and others.

With over 200 million people….the best deal is to provide the food!!

Agriculture accounts for 33 percent of GDP and provides employment, both formal and informal, to more than 60% of the population.

However crop production dominates the agricultural sector and accounts for about 85 percent of agricultural activities; livestock and poultry accounting for 10 percent, fisheries and forestry, less than one percent…

…but rapidly growing.

There is a growing demand for animal protein in Nigeria!

Poultry production has not kept pace with the rapid increase in domestic consumption.

There is enormous potential for the poultry industry in Nigeria to enhance food and nutritional security, while contributing to household and economic growth.

There is no more efficient place to invest than in pullets. Pullets are the future of an integrated company. Successful pullet rearing is simply attention to detail, management, serology, biosecurity, vaccination, and worming.

https://youtu.be/Y65GVfGtsjo?t=84

Presented by Romano Pisciotti

Nigeria – FDI: foreign direct investment

We all know that Nigeria is Africa’s largest economy, and with a population of 200 million people, one with huge potential for growth. It is therefore a country of the significant potential for foreign direct investment and foreign investors. But, for several reasons including a weak macroeconomic environment, policy inconsistency and the absence of a well-defined strategy for FDI as a component of economic growth strategy, FDI into Nigeria has declined markedly in the past several years.

Nigeria’s strategy for FDI
1. First, have a strategy: the priority sectors for the governments at federal and state levels need to be clear. The quality of investment, the quality of the government structure that handles FDI and formulates investment policy, and measurable, long term objectives regarding FDI and performance management regarding the contribution of FDI to economic development, are essential. These should be woven into a single thread that becomes the basis for execution, communication and engagement with potential investors.

2. Develop factor endowment: with skilled human capital as a priority need, strategies for FDI must focus on this frequently neglected objective. The presence or absence of productive knowledge in a society is the most important foundation for economic transformation, which remains necessary for a country such as ours with an economy still in need of diversification.

3. Align FDI with a transformational paradigm shift, for example away from extractive industries or towards value-added derivatives of such industries.

4. Improve national coordination of FDI activities between national and sub-national units.

5. Offer strong investor protections: Legal regimes in Nigeria must be adapted to facilitate increased flows of high-quality investment, in particular in light of regional trade realities such as ECOWAS, and now the African Continental Free Trade Area (AfCFTA). Beyond this, Nigerian authorities – and foreign investors- should incorporate political risk guarantees into major FDI agreements. This includes making use of guarantees offered by the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) for losses relating to currency inconvertibility and transfer restrictions, expropriation, terrorism, war and civil disturbances, breaches of contract, and failure to honour sovereign financial obligations.

6. Partial Risk Guarantees offered by the World Bank’s International Development Association (IDA), the arm of the Bank that leads to low income and lower-middle-income developing countries, cover an even more extensive range of situations than MIGA products. They can support participants in private projects such as Build-Operate-Transfer (BOT) and concession projects, public-private partnerships (PPP), and privatizations.

7. Improve the quality of governance and institutions: Assessments of governance and institutional capacity to create a sustainable investment environment play an important role in attracting quality investment.
The Nigerian Investment Promotion Commission (NIPC) has done a good job in recent years despite a difficult macroeconomic environment, including in terms of revenues it has generated for the Federal Government from foreign investments into Nigeria. I know from personal experience that, despite the early stages of the security challenges from terrorism, the Central Bank of Nigeria’s far-reaching reforms in the banking and financial sector which stabilized the sector after the global financial crisis of 2008, contributed to marked increases in FDI into Nigeria from 2009-2014. These reforms led to improved ratings of Nigerian by agencies such as Standard and Poor’s, Fitch, as well as the inclusion of Nigeria in the JP Morgan Africa Emerging Market Bond base Index alongside South Africa, which was previously the only sub-Saharan African country on the index.

Address by Professor Moghalu, President & CEO, Sogato Strategies LLC, Former Deputy Governor, Central Bank of Nigeria at the United States-Nigeria Investment Summit held in New York City, recently.

Presented By Romano Pisciotti

NIGERIA: Bio-fortified Crops, sustainable but not sufficient

In Nigeria, climatic zone is divided into three main categories: a tropical forest from the south to the north; a savanna in the middle with 800 to 1,200 mm of annual rainfall; and a Sahel, semi-arid land in the north, with 300 to 800 mm of annual rainfall. There are two climatic seasons, rainy season (May to October) and dry season. Since agricultural production mainly relies on rainfalls, the crop cultivation is influenced by seasonality and the amount of rainfalls every year.

In addition to the climatic influence, product losses due to storage and transport methods must be considered.

The result is a lack of vitamins to which is added a very deficient situation for the supply of animal-derived proteins (poultry, etc.). Intensive animal breeding is under development, but due to the precariousness of agricultural supply and for the health situation, the sector must be developed with the support of controlled nutrients for animal welfare and an increase in production.

Presented by Romano Pisciotti

TEMPERATURE-CONTROLLED CHAIN, NIGERIA

In Nigeria, 40–50% of fresh fruits and vegetables
are lost during crating, transportation, storage and processing. In the tomato sector, for instance, it is estimated that more than 40% of tomato production does not reach consumers.

One of the main reasons for this massive waste is the lack of a temperature-controlled supply chain— known as cold chain—which prevents fresh foods from spoiling between farm and market. Tomatoes, for example, must travel long distances as they are largely grown in the north of the country, but mostly consumed in urban centres in the south.

A higher, quality and more predictable supply ultimately means more stable prices for consumers and a good deal in logistics.

Motor Parts Industry

COLD SECTOR

Info: italmotor@gmail.com

231 Moshood Abiola Way, Ijora (Old Apapa road)

Lagos – Nigeria

Romano Pisciotti

NIGERIA: USED VEHICLE

In Nigeria, a used vehicle is often a viable and economical solution.

MPI imports selected used vehicles from the IVECO network

MPI:

Motor Parts Industry:

231 Moshood Abiola Way, Ijora (Old Apapa road)

Lagos – Nigeria

Romano Pisciotti

TASTE OF ITALY…IN NIGERIA

Land of Fire: Divine forces flowing to the sea in crystal rivers between lava rocks and deep lakes, invisible to mortals and to the envious Moon; theatre of magnificence for the Deities that reign the Earth, battlefield for the splendour of the God who rules the waves: infinite clash for the power of beauty.

Romano Pisciotti

Terra del fuoco: Divine forze scorrono al mare in fiumi di cristallo tra rocce di lava e laghi profondi, invisibili ai mortali e alla Luna invidiosa; teatro della magnificenza per le Divinità che regnano la Terra, campo di battaglia per lo splendore del Dio che regna le onde: infinita battaglia per il potere della bellezza.

Romano Pisciotti

http://www.auroraviewresort.it

ARREDIL ART

To build, renovate, decorate and furnish

ARREDIL ART

INFO IN NIGERIA: Romano Pisciotti, mail to italmotor@gmail.com

VOLCANO GIN

METHOD OF PRODUCTION
Cold Compaund: Following the distillation of cereals, we proceed with the cold infusion, with different timing, of the botanists. At the end of the process, these come next
assembled according to a recipe that is the result of sixty-seven infusion tests.
Handcrafted in small quantities and without additives in Santa Venerina, at the foot of the Etna volcano, in the oldest Sicilian distillery of Mastro Mariano.

Antichi Vinai wines are born from the secrets and passion for the vine.

For four generations the Gangemi family has been dedicated to viticulture and to the enhancement of Sicilian indigenous vines, especially Etna. In one hundred years of work in the vineyards on the slopes of Etna and in the aging cellars, experience has been added to the passion, to experience the technology, to give admirers of Sicilian wines great certainties to savor.

CONSORZIO ETNA DOC

Etna was the first controlled designation of origin to obtain the
recognition of the designation of origin, the Doc Etna, in fact, was
recognized with DPR of 11.08.1968 published in the Official Gazette of 25.09.1968.

Furthermore, the disciplinary has remained intact since the year of its drafting, maintaining
unchanged the forecast of the indigenous vines of the volcano, for production

Etna doc in its types Red, Rosé, White and Superior White.
The production area of the designation of origin covers part of the territory
of the municipalities of Aci, Sant’Antonio, Acireale, Belpasso, Biancavilla, Castiglione di
Sicily, Giarre, Linguaglossa, Mascali, Milo, Nicolosi, Paternò, Pedara, Piedimonte
Etneo, Randazzo, Sant’Alfio, Santa Maria di Licodia, Santa Venerina, Trecastagni,
Viagrande and Zafferana Etnea, on the slopes of Etna, in the province of Catania.