MSME COMMITTEE MEETINGS

Transcription

1 MSME COMMITTEE MEETINGS LIST OF IMPLEMENTATION COMMITTEE MEETINGS DATE NO OF PARTICIPANTS MAIN TOPICS 22/5/ Inaugural meeting and the way forward toward fss 2020 Objectives 6/6/ First Business Meeting 4/7/ To Harmonize the documents,repetition were expunged,key issues and challengeges were brought together and strategic objectives were streamlined 18/7/ Introduction of a new chairman of the committee as a result Mr Bamisiles resignation from the bank. Mr Alegiuno takes over 12/9/ Presentation of world Bank team to assist the committee to concludes its work on the SMEs/Credit 11/10/ MSME/Credit Sector key Issues and Challenges andthe implementation of the Overall FSS 2020 vision for the MSME/Credit Sector 1

2 MSME COMMITTEE MEMBERS S/N NAME INSTITUTIONS Sesan A. 1 Bamishinle/Alegieuno Central Bank Benjamin 2 I. Adamu Central Bank Andrew Efurhievwe 3 ELAN Asibong Enebong 4 MAN Ignatius Ijegwa 5 Adaji NACCIMA Emaka Ile 6 WORLD BANK/FGN MSME PROJ. Oloyede Olatunde 7 SMEDAN Obi Iwuagwu 8 (Dr) Fed.Min. Of Commerce & Ind. Abdul Ganiyu 9 Muhammed BOI Waheed Olagunjun BOI Kelvin Quinlan DFID Ihedioha Ebere Cordelia NSE Sani Badamosi NSE Abdul Kadir Idris NACRDB Ado Abdullahi UBN PLC, Lagos Hope Yongo NEXIM S. Giwa Osagie NEPAD Business Group Ike Abugu NASME Sariki Shetima UBN Richard Ogunmodede FBN A.O. Olufidepe UBN Prince J.C. Ijeoma NASSI Isu, S.I Chartered Consultant Chikwerem U. Obi NDE Iranloye M. Adebayo NEPC Michael Fuch World Bank Anthonia C. David World Bank Ismail Radwan World Bank Mark flaming CGAP/World Bank Jose.M. CGAP/World Bank Jennifer Isern CGAP/World Bank Wendy Agres World Bank Guilia Pellegrini World Bank Nwamaka Agbokoba CGPA 2

3 Financial System Strategy 2020 MSME Committee Output INSTITUTIONAL DEVELOPMENT MARKET DEVELOPMENT LEGAL/REGULATORY DEVELOPMENT CAPACITY BUILDING To set up a National Collateral Registry To diversify collateral instruments (NHF, NHIS, Pension contributions) To create a Credit Statistics Division within the National Bureau of Statistics To establish SMEDEF To create MSME window on NSE To create a Micro-credit Fund To increase long-term asset allocation ceilings of pension funds To improve legal and operating framework for leasing, including enactment of Equipment Leasing Bill To update Legal Framework for Credits. (CBN Act; Evidence Act, BOFIA, Land Use Act, Investment and Securities Act etc) To establish Credit Training Institute and upgrade existing Financial Training Institutes To require certification of Chief Credit Officers To promote publication of a Credit Journal To establish a Personal Identification System To grant pioneer status for SMEfocused Venture Capital funds To create linkages between research centres and SME spinoffs To establish industrial parks, business and technology incubation centres To enact Law to establish National Consumer Credit Regulatory Commission To ensure Credit Bureau activities are supported by an enabling legal and regulatory framework To formulate policies for establishment of Credit Rating agencies To streamline business registration process 3

4 FINANCIAL MARKETS MEETINGS DATE NO OF PARTICIPANTS MAIN TOPIC 28/11/ Introduction and origin of Fss 2020 by the coordinator 22/4/ Discuss on the importance of Fin.Market. And the way Forward 9/9/ World Bank assistance/as Corporate governance should be extended 29/1/ World bank presentation on the modus operandi of the sector 30/6/ Strategy Collapse Into implementation team.and why financial Market is left behind compare to other sectors. 9/10/ Adopt the two documents as officially ready for presentation to the steering committee and to incooperate the world Bank report. 4

5 FINANCIAL MARKET COMMITTEE MEMBERS S/N NAME INSTITUTIONS 1 Ike Chioke Afrivest 2 IBB Shetima Central Bank 3 Yakashim Madaki 4 Agama Emomotomi SEC 5 Salihu Muhemmed SEC 6 Shamsudeen M. Sadiq NDMA 7 Yetunde Ogunseyi Associate Discount 8 Emeka Osuji Diamond PFC 9 Prof. Herbert NUC 10 Maraizu Nwakwo DMO 11 Suleiman Baba FSDH 12 Chichi Nwandu FSDH 13 Sani Badamosi SEC 14 Yushau Ango FORESIGHT 15 Fatima A Eshiobor NSE 16 Wale Abe Money Market Ass. 17 Umma Dutse CBN 18 Uche Molokwu SEC 19 George Okorie CBN 20 Uche Ihewere Legacy Pension 21 Semiu Dele Summonu ADH ltd 22 Sani Badamasi SEC 23 Hilary Nnaji Media Ltd 24 Ayetunde Hamidu DMO 25 Tope Fasua Global Analytical 26 Abdulkadir Abbas SEC 27 Dr. Musa Ibrahim Pencom 28 Tony Nwachennata LSC Consulting 29 Ubong Awah XDS Credit Bereau 30 Sam N. Ordu NAICOM 31 Bello Maccido Legacy pesion 5

6 Financial System Strategy 2020 Financial System Strategy 2020 FINANCIAL MARKETS COMMITTEE OUTPUT CAPITAL MARKETS LEGEND: Joint FSS2020 WB Initiative WB Initiative FSS2020 Initiative FSS2020 OBJECTIVES Foster and encourage liquid and Establish an Internationally efficient secondary markets for Competitive Market Infrastructure securities trading Facilitate a culture of securities innovation and development To strengthen SEC's supervision of filings by listed issuers To upgrade NSE governance and prepare it for demutualization To promote new types of securities to increase market depth and efficiency INSTITUTIONAL DEVELOPMENT To support SEC's institutional reorganization and governance To build SEC's risk-based supervisory capacity To strengthen SEC's enforcement capacity (and IST and EFCC) To strengthen SEC's market surveillance capacity To develop repo market, securities lending and short-selling framework To integrate NBFI (NSC/CSCS brokersdealers) into CBN payment system To facilitate linkages of local and regional exchange platforms MARKET DEVELOPMENT To establish a Nigeria International Futures and Forwards Exchange Promote a strong knowledge-based capital market and continuously enhance capacity building To encourage emergence of OTC markets in unlisted securities, settled through CSCS To upgrade NSE exchange trading platform To modernize CSCS (institutional autonomy, dematerialisation of certificates, upgrade of registrars' IT infrastructure, international linkages ) To launch electronic auction system for Government debt Change market trading convention from order-driven to quote-driven system To review structure of fees and commissions - to remove VAT and stamp duties on secondary market Discount Houses to be allowed to trade FX To establish new trading platforms (ECN, Virtual Exchanges,..) and corresponding regulatory framework To mandate use of rating companies CAPITAL MARKETS LEGEND: Joint FSS2020 WB Initiative WB Initiative FSS2020 Initiative FSS2020 OBJECTIVES Foster and encourage liquid and Establish an Internationally efficient secondary markets for Competitive Market Infrastructure securities trading Facilitate a culture of securities innovation and development To streamline SEC registration process for To review guidelines and rules for non-exchange traded securities new instruments (book-building, shelf registration, GDR issuance, underwriting, listing by introduction, bond issuance, money market and islamic funds, SPVs) To review guidelines and rules to encourage cross-border listings and transactions To increase minimum paid-up capital and develop risk-based capital adequacy for market operators, also to encourage consolidation of brokers To assess regulatory changes needed for rating agencies LEGAL/REGULATORY DEVELOPMENT To revise Securities Act To revise Code of Corporate Governance for issuers - and make its compliance for listed companies compulsory To review market infrastructure needs supporting corporate bond market ICT INVESTMENTS To upgrade SEC's IT systems To stipulate infrastructural standards for system-wide IT newtworks in line with international standards To create electronic vehicles for e-filing, e-trading, e-certificates, e-bonus CAPACITY BUILDING Supporting SEC Institutional Development Initiatives To introduce SEC licensing of key professionals and certification by industry Director Training Program Investor education through media Introduce vocational qualifications and certifications for continuous professional development of operators Increase collaboration with academic institutions to offer specialised capital markets courses Provide incentives to encourage research in the market to foster a research-driven and information-led capital market Supporting corporate bond market participants Promote a strong knowledge-based capital market and continuously enhance capacity building 6

7 INSURANCE COMMITTEE MEETINGS DATE NO OF PARTICIPANTS MAIN TOPICS 28/11/ Review Of Insurance Sector Strategy 21/4/ Coordinator FSS 2020 openning Remark and the way forward 17/6/ The committees challenges and the way forward. 17/7/ Presentation of Subcommittee report on FSS 2020 Insurance Sector 14/8/ /9/ The Harmonisation of joint efforts of fss2020 and ministry of finance Summary of implementation committee activities from inception and the way 7

8 INSURANCE COMMITTEE MEMBERS S/N NAME INSTITUTIONS 1 Bala Zakariau Niger Insurance 2 Alh. Teslim Sanusi NCRIB 3 E.O. Chiejiina NIA 4 Jide Aminu NCRIB 5 Lana Loyinmi Pencom 6 Yemi Soladoye RISKGUARD 7 Thomas O.S. NAICOM 8 J.C. Uranta Niger Insurance 9 Olusoye I. (Mrs) Equity Life Insurance 10 Joachin Omonefine Equity Life Insurance 11 Bola Oyebode Magnum Trust Ins. Brokers 12 Amos Oyefalade Guardian Exp. Asurance 13 Adeyemi Adejumo CIIN 14 Darazo T.A. CBN 15 Egunre Pascal E. Afribank Ins. Brokers 16 Chief D.O. Ijere NCRIB 17 Seyi Ifatoruti CrystalLife Insurance 18 Michael Fuch World Bank 19 Suzanne otis World Bank 20 Wendy Agres World Bank 21 Ismail Radwan World Bank 22 Temitope Eric Equity Life Insurance 23 Oliver Reichert Global Reinsurance (Australia) 8

9 Financial System Strategy 2020 INSURANCE COMMITTEE OUTPUT INSURANCE LEGEND: Joint FSS2020 WB Initiative WB Initiative FSS2020 Initiative FSS2020 OBJECTIVES To achieve a Nigerian insurance To become the fastest growing To create an efficient insurance market with a strong positive insurance market in Africa market of first choice in Africa image To become the safest insurance market in Africa To build NAICOM's risk-based supervision To strengthen ombudsman's capacity effectiveness To support consumer association To review draft Insurance Act and regulations to introduce international solvency standards & risk-based supervision To introduce IFRS To implement good corporate governance rules for insurance directors To launch consumer awareness campaign INSTITUTIONAL DEVELOPMENT MARKET DEVELOPMENT To help launch Microinsurance initiative To incorporate compulsory insurance of all public assets and for government contractors To collaborate with mortgage, telecom, education, tourism, independent marketers, post office to distribute insurance To extend professional indemnity insurance to medical, legal and accounting To introduce practices Takaful and mutual insurance products To promote risk retention in Nigeria LEGAL/REGULATORY DEVELOPMENT To establish Nigerian Insurance Benefits Corporation To establish reliable statistics and database for insurance operations To design regulatory and supervisory infrastructure for Microinsurance ICT INVESTMENTS To upgrade NAICOM's IT platform (Industry Portal) CAPACITY BUILDING Supporting NAICOM Institutional Development Initiatives To build a single West Africa insurance market 9

10 MORTGAGE COMMITTEE MEETINGS DATE NO OF PARTICIPANTS MAIN TOPICS 22/11/ Inaugural meeting and the way forward 20/5/ Inclusion of 7professional bodiesin the mortage sector 22/7/ Six member Committee to Harmonised opinions 12/8/ ways that could invite professionals to add value 3/9/ To harmonize report of the technical committees 10-11/9/ consensus of individuals opinion/ visitation to National Assembly 10

11 MORTGAGE COMMITTEE MEMBERS S/N NAME INSTITUTIONS 1 Jide Bakare UACN 2 M.T Abu Fed. Ministry of ENV. & Housing 3 Musa L. Kuru FHA 4 Engr. Felix Nwanko NSE 5 Effiong Bassey Mortgate Banking ASS. 6 Darl c. Uzu Crown Realities 7 Arc. Ramatu Aliyu NIA 8 Sam O. Oni CBN 9 Abdul Bello UACN 10 Osita Okoli Nig. Institute of Estate Surv. 11 Chief Cliff E. Mbagwe. SIMEON & Rose 12 Ukwuoma Acho CBN 13 Kola Durojaye CBN 14 Shola Olubode Refuse Home saving/loans 15 Rowland Igbinoba PISON 16 Friedemoun Koy IFC 17 Sola Olubi IFC 18 Olayemi Idris IFC 19 Wambui Chegie IFC 20 Adedeji I. Adesemoye OFID 21 O.G Omotoye FMBN 22 Osaretin Omodara IFC 23 Femi Fabanwo CBN 24 Osaro Eghobamien 25 Charles Y.A FHA 26 Hassan Usman Aso savings 27 Maina S.J FMBN 28 Ogunibiyi Adebayo NSC 29 Nwanekezie C.V Off.. Of the Surveyor general 30 Olaniyi Omotoye FMBN 31 Usman Abba Fed. Ministry of ENV. & Housing 11

12 Financial System Strategy 2020 Mortgage Committee Output MORTGAGES LEGEND: Joint FSS2020 WB Initiative WB Initiative FSS2020 Initiative FSS2020 OBJECTIVES To establish a safe and profitable To introduce a new framework Use existing mortgage market Enhance use of market mechanisms to mortgage market by setting up to strengthen mechanismsto make affordable long improve housing delivery system appropriate property/security rights term finance available to all classes of infrastructure/institutions/processes Nigerians to own their homes and build wealth. INSTITUTIONAL DEVELOPMENT To reposition State Housing Corporations To make land transactions To restructure Federal Mortgage Bank of Government strategy for infrastructure cheaper, quicker and easier Nigeria development and financial support To restructure Federal Housing Authority To computerize land registries To redesign National Housing Fund To strengthen collective representation of To create efficient registries for To recapitalize and refocus PMIs To organize and monitor housing delivery real estate developers mortgage assets system To commission study of rental market To establish Commercial Courts To ensure private sector has adequate incentives to participate in mortgage markets To create Alternative Dispute Resolution mechanisms MARKET DEVELOPMENT To establish framework for Special Purpose Investment (SPI) to provide LT funding liquidity (e.g., Nigeria Mortgage Refinance Company) LEGAL/REGULATORY DEVELOPMENT To modernize building permit procedures To review foreclosure CBN to regulate mortgage products and improve building codes and quality of procedures under current Law (underwriting limits and business construction materials conduct/consumer protection) To create framework for urban CBN to assign lower CAR requirement to To create mortgage insurance products renewal and slum upgrade mortgage assets PENCOM to allow pension funds to increase their asset allocation to mortgages through intermediaries To prepare new capital regime for PMIs ICT INVESTMENTS Study tours to India/Jordan to draw on successful experiences CAPACITY BUILDING Attendance at Wharton International Housing Finance Program IFC Mortgage Toolkit and Mortgage Standardization Program West Africa Regional Housing Conference 12

13 FINANCIAL SYSTEM STRATEGY (FSS2020) DOCUMENT IMPLEMENTING COMMITTEES ACTIVITIES A. DIAGNOSTIC COMMITTEES 1. PROJECT TEAMS Teams Consultant Project Management/Overall Nextzon Business Services & Industry Strategy KPMG Money & Foreign Exchange Financial Derivatives Market Company Limited Capital & Regulation Market Suleyman Consulting Insurance Market Riskguard Africa Associates Credit Market BAA Consults Mortgage Market Crown Realties ICT PriceWaterHouse Coopers Legal Framework Globaljuris Consulting Human Capital Phillips Consulting Central Banking Bank of International Settlement SME H.Pierson Communications CBN 13

14 Money Market Team Financial Derivatives Company External Consultant Limited CBN Director CBN Representative Federal Inland Revenue Service Rep. Parastatal CBN Support Staff Rappoteur Foreign Exchange Team Financial Derivatives Company External Consultant Limited CBN Director(s) CBN Representative NEXIM Representative CBN Support Staff Rappoteur Capital Market Team Suleyman Consulting External Consultants CBN Director CBN Representative SEC Representative Industry Regulator CBN Support Staff Rappoteur 14

15 Insurance Market Team Risk-guard Associates CBN Director NAICOM Representative CBN Support Staff Credit Market Team BAA Consults CBN Director(s) Representative CBN Support Staff Mortgage Market Team Crown Realties CBN Director FMBN Representative CBN Support Staff External Consultant CBN Representative Industry Regulator Rappoteur External Consultant CBN Representative Rappoteur External Consultants CBN Representative Rappoteur 15

16 Information & Communications Technology Market Team PriceWaterHouse Coopers External Consultant CBN Director CBN Representative NCC Representative Industry Regulator CBN Support Staff Rappoteur Legal Framework Team Globaljuris Consulting External Consultant CBN Director(s) CBN Representative Nigerian Bar Association Representative CBN Support Staff Rappoteur Human Capital Team Phillips Consulting Limited External Consultants CBN Director CBN Representative CIPM/NIM Representative Industry Association CBN Support Staff Rappoteur 16

17 Regulation Team Suleyman Consulting External Consultant CBN Director CBN Representative NDIC, NAICOM, PENCOM Industry Regulator(s) Representative CBN Support Staff Rappoteur Central Banking Team Bank of International Settlement External Consultant CBN Director(s) CBN Representative Bank Representatives CBN Support Staff Rappoteur SME Team H.Pierson External Consultants CBN Director CBN Representative SMEDAN Representative CBN Support Staff Rappoteur Communications Team Handled by CBN 17

18 2. DETAILED TIMELINES Activity Due Date Luncheon Launching of the Technical Committee August 11, 2006 Invitation for Bid from Consultants August 17, 2006 Conclude Selection of Consultants August 23, 2006 Communicate discussions to Consultants August 24, 2006 Request for assistance from IMF and World Bank August 25, 2006 Request for Memoranda from the Public August 28, 2006 Workshop to Commence Activities of the Working August 29, 2006 Groups, Crafting of Vision/ Mission Take off of the Project Management Office August 29, 2006 Communique on outcomes of the Kick Off Workshop August 29, 2006 Commencement of Meeting of the Sector Teams September 12, 2006 Meeting of the Technical Committee and Team Weekly (Thursday, 10am) Leaders Send out feedback from Call for memorandum from September 13, 2006 the public to various teams Focus group sessions 4th week in Sept/2nd week in Oct 1st draft of team output - current position assessment, 3rd week in Oct overall strategic direction, optional sector models, etc FS Industry wide strategy session 4th Week of October (26th-28th ) 2nd draft of team outputs Sector Model, Strategic 1st week in November initiatives, Performance Measurement Framework, Roll out plans Steering Committee/Technical Committee Meeting 3rd week in October Submission of draft report To Steering Committee Nov. 15, 2006 Submission of Final Report December 15,

19 B. IMPLEMENTATION COMMITTEES FINANCIAL SYSTEMS STRATEGY (FSS) 2020 LIST OF MSME/CREDIT IMPLEMENTATION COMMITTEE MEMBERS 1. Director, Development Finance Dept. CBN, - Chairman 2. The Managing Director NACRDB, Yakubu Gowon Way, Kaduna 3. The Managing Director Bank of Industry, Opposite National Hospital, Central Business Area, Abuja 4. The President Equipment Leasing, Plot 294, Gbagada Phase II, Gbagada Expressway, Lagos 5. The Secretary/Director General National Identity Management Commission Office of the Secretary to the Govt. of the Federation, Federal Secretariat, Abuja 6. The Managing Director First Bank of Nigeria Plc, 37 Marina, Lagos 7. The Managing Director Union Bank of Nigeria, Marina, Lagos 8. Prof. Ndi-Okereke-Onyuike Nigerian Stock Exchange, Maina Court Building, Central Business Area, Abuja 9. The President Credit Risk Management Association of Nigeria 46, Olutunde Street, Off Coker Road, Ilupeju, Lagos 10. The Honorable Minister Federal Ministry of Commerce & Industry Federal Secretariat, Abuja 11. The Honourable Minister Federal Ministry of Finance, Cadastral Zone 5, Abuja 12. The Chairman Nigerian Association of Small & Medium Enterprises 191 Ikorodu Road, Palmgrove, Marina, Lagos 19

20 13. The President Manufacturers Association of Nigeria, Tofa House (1 st Floor) Central Area, Abuja 14. The President Nigerian Chambers of Commerce Industry, Mines & Agriculture, 8A Oba Akinjobi Road, GRA Ikeja, Lagos 15. Director General Small and Medium Enterprises Development Agency of Nigeria Port Harcourt St., Area 11, Abuja 16. The President (Attn: Alhaji Sanusi Maijama a National Association of Small Scale Industrialists Estate (NASSI) Small Scale Industrialists Estate, Fatai Atere Way, Matori G.P.O. 709, Marina, Lagos. 17. President Association of Microfinance Banks 18. Project Manager World Bank MSME Project NIPC Building, Maitama, Abuja 19. The Country Director DFID, British Council, Abuja 20. (Ms) Sweet Giwa-Osagie NEPAD Business Group Nigeria, 3 rd Floor, Eleganza Biro Plaza Plot 634 Adeyemo Alakija Street, Victoria Island, Lagos. 21. The Commissioner of Insurance National Insurance Commission, PMB 80144, V/Island - Lagos 22. The Managing Director Nigerian Export Import Bank (NEXIM) Plot 975, Cadastral Zone A), Central Business District Abuja 23. The Resident Representative United National Development Programme United Nations House, Central Business Area, Abuja 24. The Executive Secretary National Planning Commission Central Bank of Nigeria Building, Garki Abuja 20

21 25. Deputy Director Product Management Office, Development Finance Dept, Central Bank of Nigeria, Central Business District, Abuja 26. Project Management Office Secretary 27. Chikwerem Obi National Directorate of Employment (NDE), Abuja. 28. Mr. Sunday J. Isu, Managing Consultant, Chartered Consultants Ltd, 37, Itire Road, Surulere FINANCIAL SYSTEM STRATEGY (FSS2020) MSMSE/CREDIT IMPLEMENTATION COMMITTEE SCHEDULE OF MEETINGS S/N 1 22 nd May, th June, th July, st August, th September,2008 DATES 21

22 FINANCIAL SYSTEM STRATEGY (FSS) 2020 LIST OF FINANCIAL MARKET IMPLEMENTATION COMMITTEE MEMBERS 1. The DG, Securities & Exchange Commission Chairman SEC Towers, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District, Abuja. 2. The Managing Director Standard Chartered Bank Nig. Limited 105B Ajose Adeogun Street, Victoria Island, Lagos 3. The Managing Director UBA Global Markets, UBA House, 57, Marina, Lagos 4. The Managing Director Emeka Osuji Diamond Pension Fund Custodian Limited 1A Tiamiyu Savage Street, Victoria Island, Lagos 5. Wale Abe, Executive Secretary/CEO Money Market Association Plot 1398B Tiamiyu Savage Street, Victoria Island, Lagos 6. The Director General Debt Management Office NDIC Building, Constitution Avenue, Abuja 7. The Managing Director Bello Maccido Legacy Pensions Limited, Adetokunbo Ademola Crescent, Abuja 8. Prof. Ndi Okereke-Onyuike Nigerian Stock Exchange, Maina Court Building, Central Business Area, Abuja 9. The President Association of Pension Fund Administrators, 4 th Floor, 131, Broad Street, Lagos 10. The President Association of Issuing Houses, Plot 1698A Oyin Jolayemi Street, V/ Island, Lagos 11. The President, Association of Stock Brokers 12. The President Association of Discount Houses, St. Nicholas House, Catholic Mission St, Lagos. 22

23 13 Director, Trade and Exchange, CBN 14. Mr. Ike Chioke ; [email protected] Managing Director Afrininvest, 12 th, Floor, 2A, Foreshore Towers, Ikoyi Lagos 15 Mr. Tony Nnacheta S.W. 28, Raymond Njoku St., Ikoyi Lagos 16 Mr. Ubong Awah Xds 9, Gauges Street, Maitama Abuja 17. Hilary C. Nneji Median Ventures Nigeria Limited 33, Osolo Way, off Int l Airport Road, Ajao Estate, 2 nd floor, First Inland Bank Building, Lagos. (Phone ; The Commissioner, - Attn: Mr. Sam N. Ordu (Director, Finance & Accounts) National Insurance commission Shippers Plaza, Michael Okpara Street, Zone 5, Wuse, Abuja. 19. The Director-General National Pensions Commission, Adetokunbo Ademola Street, Abuja. 20. Prof. Wilson Herbert - National Universities Commission Aguisi Ironsi Street, Maitama, Abuja - [email protected] 21 Tope Fasua (Group CEO) Global Analytics Suite 34, Dansville Plaza, Plot 859 Gudu District (Adjacent to Fed. Legislative Qtrs) Apo, Abuja. [email protected] or 22 The Registrar Chartered Institute of Stock Brokers (CIS) Level 15, Nigerian Stock Exchange House, 2/4 Customs Street, Marina, Lagos. 23. Tony Ojisua, Greenwich Trust Ltd. 24. Shamsuddeen, M.S First Security Discount House Limited 25. The Director, Banking Operations Department, Central Bank of Nigeria, Abuja. 23

24 26. Yusha u Ibrahim Ango Foresight Express Link Consult Ltd., Hungu House, 10 Zoo Road, P. O. Box 10057, Kano [email protected]; GSM: Aminu Yusuf, Dept. Of Economics, Kaduna State University, Kaduna. FINANCIAL SYSTEM STRATEGY (FSS2020) FINANCIAL MARKETS IMPLEMENTATION COMMITTEE SCHEDULE OF MEETINGS S/N DATES 1 28th November, nd April, th September, th June, th October,

25 FINANCIAL SYSTEMS STRATEGY (FSS) 2020 LIST OF INSURANCE MARKET IMPLEMENTATION COMMITTEE MEMBERS 1. Bala Zakariya u - Chairman Niger Insurance Plc 48/50 Odunlami St, Lagos C/o Abuja Office, Plot 32, Obana Motors, Gwagwalada, FCT 2. Mr. O.S. Thomas NAICOM Shippers Plaza, Michael Opara Street, Zone 5, Wuse, Abuja 3. The Director-General Nigeria Insurers Association, NIA House 42, Saka Tinubu Street, Victoria Island, Lagos 4. The Managing Partner Riskguard Africa (Nig) Limited 3 rd Floor Wing E, Elephant House, Alausa Ikeja 5. The Director General Chartered Insurance Institute of Nigeria C/o Equity Life Insurance company Limited, 15B Joseph Street, Lagos 6. The General Manager Guardian Express Assurance, 2B Gbagada Expressway, Anthony, Lagos 7. The Managing Director Niger Insurance Plc., 48/50 Odunlami Street, Lagos 8. Director, Banking Supervision Department, CBN 9. The President Institute of Loss Adjusters of Nigeria 2, Fagbile Street, Off Ojuelegba Street, Suru-Lere, Lagos 10. Executive Secretary Nigeria Council of Registered Insurance Brokers 56, Moleye Street, Off Herbert Macaulay Street, Yaba, Lagos 11. The Secretary Nigeria Actuarial Society C/o Alexander Forbes, Etim Inyang Street, Victoria Island, Lagos. 25

26 12. T.S. Darazo Head, Insurance PSSD, CBN 13. The Honourable Minister, Federal Ministry of Finance C/o. Director, Home Finance, Abuja. 14. Bola Oyebode Managing Director Magnum Trust Insurance Brokers Ltd 190, Ikorodu Road, Palmgroove, P.O.B Ikeja, Lagos Abuja Office: WEMA Plaza, CBD Plot 464 Airport Rd, Garki, Abuja 17. The Managing Director, Nigerian Deposit Insurance Corporation (NDIC) Plot 447/488 Constitution Avenue, Central Business District, Abuja. 18. The Director-General National Pension Commission (PENCOM) Plot 2774 Shehu Shagari Way, Maitama, Abuja. 20. Project Management Office Secretary THE FINANCIAL SYSTEM STRATEGY (FSS2020) INSURANCE IMPLEMENTATION COMMITTEE SCHEDULE OF MEETINGS S/N DATES 1 22 nd November, st April, rd June, th July, st August, th September, th October, th October, nd November, th January,

27 FINANCIAL SYSTEMS STRATEGY (FSS) 2020 LIST OF MORTGAGE COMMITTEE MEMBERS 1. Sam Azeez Oni, Director, Other Financial Institutions Dept. CBN - Chairman 2. Mr. Darl Uzu Chief Executive Officer Crown Realties Limited 3A, Lalupon Close Off Keffi Street,South West Ikoyi Lagos 3. The Honorable Minister (Representative) Federal Ministry of Environment & Housing Abuja 4. The Director-General (Rep) Federal Housing Authority Asokoro Abuja 5. Engineer Emeka Maoma Eze President Nigeria Society of Engineers (off National Mosque Labour House Rd.), Central Business District, Abuja 6. Chief (Hon) Dosun Fatokun FNIV President/Chairman Nigerian Institute of Estate Valuers & Surveyors National Secretariat, AISA House 9, Ndande Crescent, Off Accra Street, Zone 5, Wuse, Abuja 7. Mr. Hassan M. Usman Director/Chief Executive Officer Aso Savings & Loans Plot 266, FMBN Building, Cadastral Zone AO, CBD, Abuja 8. Arc. Umaru Aliyu ; President Nigerian Institute of Architects 2 Kukawa Close, Area 11, Abuja 9. Mr. Effiong Bassey Vice President, Mortgage Banking Association of Nigeria (MBAM) c/o Finacorp Building Society, 14B, Anifowose Street, Off Adeola Odeku Street, P.M.B , Victoria Island, Lagos 27

28 10. The Managing Director UAC Property Development UAC House, 1-5, Odunlami Street, Lagos 11. The Managing Director Urban Development Bank Plot 977, CBD, Zone 6, Wuse, Abuja 12. Managing Director, Federal Mortgage Bank of Nigeria 13. Nigerian Institute of Building Engineers 14. Nigerian Institute of Town Planners 15. Nigerian Institute of Quantity Surveyors 16. The Academia 17. Project Management Office - Secretary 18. Chief Clifford Mbagwu Block G Atinuke Complex 95 / 126, Okota Rd. Okota, Isolo, Lagos 19. Mr. Osaro Eghobamien Managing Director Perchstone & Graeys 1, Lagoon View Estate, Ajah Addo Rd, Ajah - Lagos 20. The Representative, Country Manager International Finance Corporation, (IFC) Louis Solomon Close, Victoria Island, Lagos. 21. The Representative, Country Director The World Bank Office, Asokoro, Abuja. 22. Mr. Adesemoye, OFID, CBN, Lagos Mr. Sola Olubode, Managing Director Refuge Home Savings & Loans Ltd., Ikeja, Lagos 24. Managing Director Federal Mortgage Bank Plc Central Business District, Abuja. 25. Roland Igbinoba, Pison Housing Company, Lagos. 28

29 FINANCIAL SYSTEM STRATEGY (FSS 2020) MORTGAGE IMPLEMENTATION COMMITTEE SCHEDULE OF MEETINGS S/N DATES 1. 20th May, nd November, th June, nd July, th August, nd September, th September, th October,

30 FINANCIAL SYSTEMS STRATEGY (FSS) 2020 LIST OF HUMAN CAPITAL DEVELOPMENT COMMITTEE MEMBERS 1) Director General - CHAIRMAN Financial Institutions Training Centre FITC Building, Commercial Avenue, Yaba Lagos 2) Director General Chartered Institute of Personnel Management CIPM House Alausa, Ikeja, Lagos 3) Managing Partner PriceWaterhouse Coopers 252E Muri OKunola Street, Victoria Island, Lagos 4) Managing Director H. Pierson Associate H. Pierson Place Plot A11 Alhaji Layi Yusuf Crescent, Lekki Phase 1, Lekki Peninsula, Lagos. 5) Prof. Wilson E. Herbert Executive Secretary, National Universities Commission, Maitama Abuja 6) Director General Nigerian Institute of Management Idowu Taylor Street, Victoria Island, Lagos 7) Managing Director Philips Consulting Limited, 4 th Floor, UBA House, 57, Marina Lagos 8) Honourable Minister Federal Ministry of Education Federal Secretariat, Abuja 9) Prof. Aize Obayan Vice Chancellor Covenant University, Ota, Ogun State. 10) The President Academic Staff Union of Universities (ASUU) Flat 2, Mellanby Hall, Univ. of Ibadan, P.O.B. 9021, Ibadan, Oyo State 11) Nigerian Economic Society (NES) C/o Dept of Economics, University of Ibadan, University POB 22004, Ibadan 12 Nigeria Labour Congress Plot 820/821 Labour House, Central Business District, Abuja 30

31 13. Mr. Sam ozougwu Dept of Marketing Institute of Management & Technology, Enugu 14. Mr. Mukaila Abdulsalam Managing Director Grand Union Associate, 1, Lagoon View Estate, Ajah Addo Rd, Ajah Lagos 15. The Director-General Securities & Exchange Commission (SEC) Tower 421 Constitution Avenue, Opp. NDIC / ICPC, Central Business District, Abuja 16. Director-General Nigeria Deposit Insurance Corporation (NDIC) Plot 447 / 488, Constitution Avenue, Central Business District, Abuja 17. Director-General Pension Commission (PENCOM) Plot 2774, Shehu Shagari Way, Maitama, Abuja 18. President Chartered Institute of Insurance of Nigeria 19. The Director Chartered Institute of Stock Brokers Stock Exchange Building, 2/4 Customs Street, Lagos 20. The Director-General National Insurance Commission (NAICOM) Shippers Plaza, Michael Opara St., Zone 5, Wuse, Abuja 21. The President Chartered Institute of Bankers of Nigeria (CIBN) PC 19, Adeola Hopewell St., V/Island, Lagos 22. Mr. Dipo William, President, CISN Mr. Isiaka Yinusa FCMB, Training Department, McCarthy Street, Onikan, Ikoyi, Lagos Alternate: Mr. Sola Oyegbade, FCMB ( ) 24 The Managing Director, Accenture, 4 th floor, Stanbic IBTC Chartered Bank Building, Plot 1712 Idejo Street (off Adeola Odeku Street, V/Island, Lagos. 25 Director, Human Resources Dept, CBN Abuja 26 Project Management Office Secretary 31

32 FINANCIAL SYSTEM STRATEGY HUMAN CAPITAL DEVELOPMENT IMPLEMENTATION COMMITTEE SCHEDULE OF MEETINGS S/N DATES 1 11 th December, th March, rd April, th May, nd July, nd July, rd July, th August, th August, th August, th August, th September, th October, nd February,

33 FINANCIAL SYSTEMS STRATEGY (FSS) 2020 LIST OF INFORMATION & COMMUNICATION TECHNOLOGY IMPLEMENTATION COMMITTEE MEMBERS 1) Dr Femi Aladesulu Director, Information Technology Dept, CBN- Chairman 2) Managing Director/CEO Nextzon Consulting 33A, Bishop Aboyade Cole Street, Victoria Island, Lagos 3) Managing Director /CEO Zenith Bank PLC Plot 84, Ajose Adeogun Street, Victoria Island, Lagos 4) Managing Director Guaranty Trust Bank, Victoria Island, Lagos 5) Honourable Minister National Planning Commission CBN Abuja Branch, Garki Abuja 6) Director General National Information Tech. Dev. Agency (NITDA) Plot 695, PortHarcourt Crescent, Off Gimbia Street Area 11, Garki Abuja 7) Vice Chairman/CEO Nigerian Communication Commission Plot 423, Aguiyi Ironsi Street, Maitama Abuja 8) The Managing Director International Finance Corporation 2121 Pennsylvania Avenue, NW Washington, DC20433 USA Mr. Solomon Adegbie-Quaynor, Country Manager for Nigeria Tel ) The Managing Director Society for Worldwide Interbank Financial Telecommunication (SWIFT) HQ & Belgium Headquarters, Avenue Adile 1, B-1310 La Hulpe, SWIFT Bic: SWHQ BE BB Local Rep: Mr. Garba Ladan, Swift Chairperson for Nigeria, CBN, Abuja GSM:

34 10) Mr. Chinyenye Mba-uzoukwu The Country Manager Microsoft Nigeria 29, Kampala Street, Off Cairo Street, Wuse II, Abuja 11) Bayo Egunbiyi Director-General Central Securities Clearing System LTD Stock Exchange House (1st Floor), 2/44 Custom Street, Lagos, Nigeria. 12) The Secretary/Director General National Identity Management Commission Office of the Secretary to the Government of the Federation Federal Secretariat, Abuja 13) The Executive Vice Chairman Nigerian e-government Strategies (NeGSt) Office of the SFG, Federal Secretariat, Central Biz District, Abuja 14) Managing Director/CEO Galaxy Backbone Ademola Adetokunbo Street, Wuse II, Abuja 15) Managing Director Telecom Technologies International (TTI) Limited Suites Yasua Plaza, Adetokunbo Ademola Crescent Wuse, Abuja 16) The President Nigerian Computer Society 10, Otunba Jobi Fele Way, Alausa, Ikeja, Lagos. 17) National Security Adviser (NSA) C/o The Presidency Villa - Aso Rock, Abuja 18) The Managing Partner Attention: Gabriel Ukpeh PriceWaterhouse Coopers 252E Muri Okunola Street, Victoria Island, Lagos 19) National Security Adviser (NSA) C/o The Presidency Aso Rock Villa, Abuja 34

35 20) Managing Director (Muhammed Rudman) Internet Exchange Point of Nigeria 15 Marina Street, Marina, (Nitel 2 nd floor), Lagos. 21) Managing Director/CEO Nigeria Inter-Bank Settlement System Plc. 10 th floor, ICON House, Plot 999F, Idejo Street (off Adeola Odeku Str.), Victoria Island, P.M.B , Lagos. 22) The Postmaster General Nigerian Postal Services (NIPOST) Corporate Headquarters, Garki II, P.M.B , Garki, , Abuja. 23) The Chief Executive Officer The Nigeria Internet Exchange Ltd. (NIX) 53, Oduduwa Way, Ikeja, GRA, Lagos. 24) Mohammed Rudman IxPN 25) Mr. B.O. Owolana ITD, CBN 26) Project Management Office Secretary FINANCIAL SYSTEM STRATEGY ICT IMPLEMENTATION COMMITTEE SCHEDULE OF MEETINGS S/N DATES 1 17 th March, th March, th May, th June, rd July, th August, th September, th October,

36 FINANCIAL SYSTEMS STRATEGY (FSS) 2020 LIST OF LEGAL IMPLEMENTATION COMMITTEE MEMBERS 1. Chief Olisah Agbakoba (San) Olisa Agbakoba & Associates, Maritime Complex, No. 34, Creek Road, Apapa, Lagos. 2. The Chairman House Committee on Banking & Currency, National Assembly, Abuja 3. The President, Federal Court of Appeal, Abuja 4. N. P. Ikokwu Senate Committee on Banking & Insurance, National Assembly, Abuja 5. Mr. Gbenga Oyebode Aluko & Oyebode Co., 35, Moloney Street, Lagos 6. The Managing Director/CEO, UBA Group, UBA House, Marina, Lagos 7. Prof. J.O. Fabunmi, Faculty of Law, University of Ife, Ile-Ife, Osun State 8. Dr. G.O.S. Amadi Faculty of Law, University of Nigeria, Enugu Campus, Enugu 9. The Chief Judge, Federal High Court, Abuja 10. The Managing Director Leadway Assurance Company Oakland Centre, 1 st Floor, Plot 2940, Aguiyi Ironsi Street, Maitama, Abuja 11. Mrs. Hajo Umar Farouk Deputy Chief Registrar c/o Chief Justice of the Federation, Supreme Court Building, 3 Arm Zone, Abuja. 36

37 12. Director General National Pensions Commission, Adetokunbo Ademola Street, Abuja. 13. Mr. Augustine Edet Nextzon Business Services Limited 33A Bishop Aboyade Cole Street, Victorial Island, Lagos. 14. Nuhu M Jamo, Ph.D Faculty of Law, Kongo Campus, Ahmadu Bello University, Zaria 15. The Managing Director Globaljuris Consulting Terra Solar Suite, 2 nd Floor, Labour/NSITF House, Abuja. 16. P.T. Akper Esq Office of the Hon. Attorney-General of the Federation and Minister of Justice Federal Ministry of Justice, Shehu Shagari Way, Maitama, Abuja 17. B.S.D Sanga Lexfield Chambers Suite A6, 2 nd Floor, Halima Plaza, Plot 1496, Balanga Street, Garki 11, Abuja 18. Dr. Amucheazi Offonze 55, Moorehouse Street, Ogui, Enugu, Opposite Railway Sub Station, Enugu 19. President International Federation of Women Lawyers (FIDA), Abuja 20. E. K. Aigbekaen/Bala Sanga Securities Exchange Commission, Central Business District, Abuja. 21. Director General - ATTENTION: Inye Kembabonta, National Information Tech. Dev. Agency (NITDA) Plot 695, PortHarcourt Crescent, Off Gimbia Street, Area 11, Garki Abuja 22 Talmiz Usman National Insurance Commission (NAICOM), Abuja. 23 B. A. Taribo Nigerian Deposit Insurance Corporation (NDIC) Plot 447/488 Constitution Avenue, Central Business District, Abuja. 37

38 24. A. G. Abubakar Corporate Affairs Commission, Abuja. 25. Seye Opasanga Olaniwun Ajayi & Co., 4 th floor, UBA House, 57 Marina, Lagos 26. Dare Odumosu Kedine Akesola & Co. 27, Igbosere Road, Obalende, Lagos. 27. Attention: J. O. OBOTU, Clerk, Bkg. & Currency Committee The Chairman, House Committee on Banking & Currency House of Representatives, National Assembly, Abuja. 28. Attention: N. P. IKOKWU, Clerk, Bkg & Currency Committee Senate Committee on Banking & Currency, National Assembly, Abuja 29. Project Management Office - Secretary FINANCIAL SYSTEM STRATEGY LEGAL IMPLEMENTATION COMMITTEE SCHEDULE OF MEETINGS S/N DATES 1 15 th November, th April, th September, nd January, th February, th March, nd September, th September,

39 B. MINUTES (SEE ATTACHMENT) C. SUMMARY Table 1: CONSOLIDATED SCHEDULE OF IMPLEMENTATION PLANNING COMMITTEE MEETINGS SECTOR Q Q Q Q Q Q Q Q Q Q Q Q MSME 2 3 FIN MKT INS MORT GAGE HCD ICT LEGAL

40 Table 2: FINANCIAL SYSTEM STRATEGY (2020) ANALYSIS OF COMMITTEE MEMBERSHIP BY STAKEHOLDER SECTOR MSME FIN.MKT INS MORT HCD ICT LEGA TOTAL CBN SEC NAICOM PENCOM NDIC NSE DMO FMF FIRS SMEDAN FMBN NASB CIBN ELAN M of J NIMCI NASS NBS NBTE NUC FITC NITDA NCC NeGST NIPC M of C&I Govt. Inst OPS PRIVATE

41 Table 3: FINANCIAL SYSTEM STRATEGY (FSS020) ANALYSIS OF COMMITTEE MEMBERSHIP BY CATEGORY SECTOR PUBLIC CIVIL PRIVATE TOTAL INST. SOCIETY SECTOR MSME FIN.MKT INSURANCE MORTGAGE HCD ICT LEGAL GRANDTOTAL

42 Table 4: SCHEDULE OF WORLD BANK MEETINGS WITH IMPLEMENTATION COMMITTEES SECTOR Q Q Q Q Q Q Q Q Q MSME 1 FIN. 1 2 MKT INS 1 MORTG 1 1 AGE HCD ICT 1 LEGAL 1 Q Q Q

43 Table 5: FINANCIAL SYSTEM STRATEGY (2020) ANALYSIS OF ATTENDANCE BY STAKEHOLDER SECTOR MSME FIN.MKT INS MORT HCD ICT LEGA TOTAL CBN SEC NAICOM PENCOM NDIC NSE DMO FMF FIRS SMEDAN FMBN NASB CIBN ELAN M of J NIMCI NASS NBS NBTE NUC FITC NITDA NCC NeGST NIPC M of C&I Govt. Inst OPS PRIVATE