Bilateral Economic & Commercial Relations: Czech Republic and Nigeria
Czech Republic and Nigeria have strong economic ties, with Nigeria being Africa's largest economy and Czech Republic having a notable industrial footprint in the country. The European Union is also a significant trading partner for Nigeria. Explore the contemporary commercial relations between these countries and the prospective economic sectors for future growth.
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CZECH REPUBLIC and NIGERIA: Bilateral Economic & Commercial Relations: Moving Forward Ing. Michal Prokop NADPIS PREZENTACE (upravit v p edloze) Autor prezentace (upravit v p edloze) funkce autora (upravit v p edloze) Department of Africa, Asia and Australia
Outline Nigeria: Africa s Economic Giant European Union and Nigeria Czech Industrial Footprint in Nigeria Contemporary Commercial Relations with Nigeria Conclusion: Prospective Economic Sectors Ing. Michal Prokop NADPIS PREZENTACE (upravit v p edloze) Autor prezentace (upravit v p edloze) funkce autora (upravit v p edloze) Department of Africa, Asia and Australia
Nigeria: Africas Economic Giant Nigeria is the largest economy in Africa (405 billion USD, 2016, the World Bank) Population: 187 million people 500 million people by 2050 Nigeria = 72 % of ECOWAS GDP African Countries in terms of GDP (2017) 24% Nigeria Nigeria 27% Others Egypt South Africa Algeria Morocco 15% Egypt Sudan 3% Ethiopia Angola 3% 12% South Africa Ethiopia Angola 7% 4% Others Algeria 5% Sudan Morocco Ing. Michal Prokop NADPIS PREZENTACE (upravit v p edloze) Autor prezentace (upravit v p edloze) funkce autora (upravit v p edloze) Department of Africa, Asia and Australia
European Union and Nigeria Cotonou Agreement (2000) The Africa-EU Strategic Partnership The EU is Nigeria's largest trading partner (23.1%) EU s Import EU s Export Total 2016 (mil. EUR) 10 900 9 000 19 900 The Nigeria EU Joint Way Forward (2009) Pending EU-ECOWAS Economic Partnership Agreement (EPA) 5th EU-Africa Summit will take place in Abidjan, Ivory Coast, on 28 - 29 November 2017 President Muhammadu Buhari and President Donald Tusk Ing. Michal Prokop NADPIS PREZENTACE (upravit v p edloze) Autor prezentace (upravit v p edloze) funkce autora (upravit v p edloze) Department of Africa, Asia and Australia
Czech Industrial Footprint in Nigeria 1932 - First Ba a franchise opened in Lagos 1965 first modern Ba a shoe factory opened Mini tractors Vari Exhibition in Lagos L-39 Albatros Subsonic Jet Nigerian Air Force Printing of Beer Etiquette for Nigerian Breweries L-29 Delf n TrainingJet Nigerian Air Force Ing. Michal Prokop NADPIS PREZENTACE (upravit v p edloze) Autor prezentace (upravit v p edloze) funkce autora (upravit v p edloze) Department of Africa, Asia and Australia
Contemporary Commercial Relations with Nigeria (1) Czech trade exchange with ECOWAS 2016-2017/I-VII Nigeria is the Czech Rep s most important trade partner within ECOWAS (35% of trade) 19% Others 7% 35% Nigeria Nigeria Senegal Ivory Coast Ghana 17% Mali 2nd most significant country in terms of trade in Africa Mali Senegal 31% Ivory Coast Others 19% Ghana Ing. Michal Prokop NADPIS PREZENTACE (upravit v p edloze) Autor prezentace (upravit v p edloze) funkce autora (upravit v p edloze) Department of Africa, Asia and Australia
Contemporary Commercial Relations with Nigeria (2) Year Czech Export to Nigeria (in thous. USD) Nigeria (in thous. USD) Czech Import from Volume of Trade (in thous. USD) Major export articles (2016) Automatic data processing machines, units, sensors (23.9%) Blades, razors (22.4%) Telecommunication equip. (11%) Arms and weapons (10.9%) Major import articles (2016) Scrap metal (73.8%) Rubber (11.6%) Plastic (2.6%) Plants for cosmetics (2.3%) 2008 49 424 32 439 81 863 2009 27 076 594 27 669 2010 60 583 1 414 61 997 2011 73 479 2 340 75 819 2012 71 370 4 618 75 988 2013 76 188 6 144 82 332 2014 72 978 2 145 75 123 2015 72 800 2 480 75 280 2016 42 572 5 620 48 192 2017 (I.-VII.) 26 148 6 538 32 686 Turnover is still high but fluctuating; effects of low oil prices Ing. Michal Prokop NADPIS PREZENTACE (upravit v p edloze) Autor prezentace (upravit v p edloze) funkce autora (upravit v p edloze) Department of Africa, Asia and Australia
Conclusion: Prospective Economic Sectors Czech brand is still popular in sub-Saharan Africa Two sides of Nigeria: very prospective market/many structural challenges Energy sector Growing demand in the construction, agriculture, water and oil industries. Lack of electricity and obsolete energy infrastructure often causes power blackouts Defense industry Participation in the modernization of the Nigerian army Nigeria is one of the largest contributors to UN peacekeeping operations (1,667 troops in 2017) Railway transportation Development and rebuilding of tram lines and new railway networks Automotive Two large cities in Nigeria (Lagos and Abuja) have recently launched a public bus service. Nigerian government announced the so-called New Automotive Policy, which aims to curb car imports and to revive local automobile production Agriculture and food processing industry Nigerian government considers reforming of agriculture and the development of the food industry to be one of its main priorities. Nigeria currently 300 ths. new tractors, they have only 30,000. Pharmaceutics Licensed drug production as well as imports Ing. Michal Prokop NADPIS PREZENTACE (upravit v p edloze) Autor prezentace (upravit v p edloze) funkce autora (upravit v p edloze) Department of Africa, Asia and Australia
Useful links www.mpo.cz http://www.mzv.cz/jnp/cz/encyklopedie_statu/afrika/nigerie/index.html www.mzv.cz/abuja/cz/index www.czechtrade.cz www.businessinfo.cz https://eeas.europa.eu/delegations/nigeria_en http://www.naccima.com/ http://lagoschamber.com/ http://ictp.travel/nigerian-association-of-small-and-medium-enterprises/ http://www.nigerian-shipping.org/ Trade fairs in Nigeria in 2017 and 2018: Buildmacex Nigeria Lagos - International trade fair for construction and building materials (31 Oct. - 02 Nov. 2017 ) West Africa Building & Construction Abuja - International civil engineering, building, industrial and residential construction trade fair (14. - 16. November 2017 ) Water Africa Abuja - International trade fair for water treatment and waste water technology (14. - 16. November 2017 ) Agfopex Nigeria Kano Fair for agriculture, food and packaging (22. - 24. January 2018 ) Nigeria Manufacturing & Equipment Expo Lagos Manufacturing & Equipment Expo (13. - 15. March 2018 ) agrofood Nigeria International trade fair for agriculture and animal husbandry, food processing and packaging technology (27. - 29. March 2018) Power Steel & Housing- Power, Steel & Housing Expo (August 2018) Upstream & Downstream Oil & Gas Expo Trade fair for the oil industry in Nigeria (August 2018 ) Power Nigeria Trade fair for the energy industry (September 2018) Ing. Michal Prokop NADPIS PREZENTACE (upravit v p edloze) Autor prezentace (upravit v p edloze) funkce autora (upravit v p edloze) Department of Africa, Asia and Australia
Thank you for your attention Contact: Ing. Michal PROKOP prokopm@mpo.cz Ing. Jozef HERCEG herceg@mpo.cz NADPIS PREZENTACE (upravit v p edloze) Autor prezentace (upravit v p edloze) funkce autora (upravit v p edloze)
