NISM YProResearchFramework Launch

Promoting the participation of young professionals in Nigeria’s development

3rd September 2015

Message from the Chairman

Who we are

The NISM YPro team

Today’s event

Overview

Programme

Panellists

The issues at a glance

Security

Youth unemployment

Infrastructure

Health

Discussion

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Contents...

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It is with great pleasure that I welcome you to The NISM YPro Framework launch event.

Founded in December 2008, Nigerians in the Square Mile (NISM) is an unincorporated association of Nigerian

professionals based in the City of London. Our membership boasts of high-ranking Nigerian professionals who

work in leading organisations within the financial districts of London.

NISM’s overarching vision is to strengthen the relationships between Nigerian professionals at home and abroad.

One of our main goals is to encourage and mentor the future generation of Nigerian professionals. This is how the

YPro sub-group came to be.

We are proud of these talented, intelligent and hardworking young professionals. With their intellectual rigour,

dedication and focus, there is little doubt that the future is bright indeed. To invest in YPro is to invest in the future,

and I am confident that this will be demonstrated in today’s events.

I thank my colleagues in the Executive Board for their vision and devotion to this cause in spite of their often busy

schedules. Special thanks also go to the members of the Advisory Board, particularly Dapo Ladimeji of Ladimeji &

Co – today’s keynote speaker – and Segun Osuntokun of BLP – our host for today’s event.

Ladies and Gentlemen, I commend YPro to you.

Welcome...

Paul Onifade

NISM Chairman

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Young people make up 43% of Nigeria’s estimated

population of 170 million. That’s almost 80 million

people!

Sadly, we are not pulling our weight. Young people

are often marginalised from the key socio-economic

debates which will shape our country’s future.

This has to change. Our young professionals must be

empowered to drive progress.

As a recently instituted subgroup of the well-established

Nigerians in the Square Mile (NISM), we at NISM YPro

seek to foster an empowered network of young Nigerian

professionals by building links between Nigerians at

home and abroad and encouraging active participation

in Nigeria’s future.

Being overseen by the NISM Executive Committee and

Advisory Board, we have unfettered access to their

invaluable experience and knowledge.

Adopting an inclusive approach, NISM YPro aims to engage with young Nigerian professionals,

and encourage them to be informed about Nigerian issues, while remaining involved and

invested in our country’s development.

Nigeria accounts for c.20% of the SSA

population, and is due to continue rising to

over 1.4bn by 2025! Assuming growth remains

constant, GDP would rise to over £650bn.

Who we are...

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The NISM YPro team...

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Today’s event...

Overview

Today, we want to hear your thoughts on the above - the four aspects of our research framework.

We want you to be bold and open-minded as we brainstorm solutions to Nigeria’s challenges in these areas. No

idea is off limits.

After the breakout sessions, an expert panel will discuss the issues raised in a Q&A session. This discussion will

inform our research and ultimately result in policy recommendations on each topic, which we will present in a white

paper.

We look forward to a stimulating debate as you think with us.

Programme

6:00pm – 6:30pm – Arrival / Registration

6:30pm – 7:10pm – Introduction

7:15pm – 8:00pm – Breakout sessions

*** BREAK ***

8:10pm – 8:40pm – Panel discussion + Q&A

8:40pm – 8:50pm – Closing remarks

8:50pm – 9:45pm – Refreshments and networking

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Panellists...

Infrastructure: Olumide Hassan

Olumide is the founder and director of Hasol

Engineering Ltd., which provides engineering

consultancy services to the oil & gas industry.

Olumide holds a B.Eng in Chemical Engineering

from University College, London and an M.Sc. in

Process Systems Engineering from the University

of Surrey.

Youth Unemployment: Ikenna Iroche

Ikenna is the founder of Black & Gold Advisory,

a boutique consulting firm specialising in Human

Capital Management and Business Development.

He has 15 years of experience in the executive

search industry, and has executed search projects

for financial services, tech and telecomms clients

across the world. Ikenna holds a BSc in Economics

from the London School of Economics.

Health: Melvin Mezue

Melvin is an academic physician and clinical

neuroscientist at the University of Oxford. He runs

Idozi, a Nigeria-based venture that empowers

people to self-manage chronic conditions. Melvin

received his doctorate as a Wellcome Trust Scholar

in Clinical Neurosciences from the University of

Oxford.

Security: Akin Iwilade

Akin is a lecturer in International Relations at the

Obafemi Awolowo University, Ile-Ife. He is also

an ENI Scholar and Doctoral Researcher at the

University of Oxford. His research covers post-

Amnesty violence in Nigeria’s oil-rich Delta, and

regional security architecture in West Africa. He

has served as a consultant with the UN University

of Peace Africa Program, Addis Ababa.

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The issues at a glance...

Security

• The African Insurance Organisation lists

Nigeria as the ransom capital of the world,

accounting for 26% of global kidnappings

in 2013.

• The UK government labels 13 Nigerian

states, as well as the Federal Capital

Territory, as no-go areas, due to security

concerns.

• UK-based risk consultancy Maplecroft lists

Nigeria as having the highest number of

terrorism fatalities between June2013 and

2014, with around 3500 casualties - an

average of 24 deaths per incident.

Youth unemployment

• Youth unemployment statistics vary from

14% (World Bank) to 50% (McKinsey).

• Even going by lower estimates, these

figures suggest that millions are currently

unemployed and/or unemployable – 2013

figures show almost 40% of unemployed

youths are either educated below

primary level, or have not received formal

education at all.

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Infrastructure

• According to figures from 2013, Nigeria has the

second highest number of on-going infrastructure

projects in Africa.

• Nevertheless, inefficiencies such as inadequate

power supply and poor transport networks persist.

• Survey data from Nigerian polling company

NOIPolls Ltd shows the average Nigerian

household received less than six hours of

electricity supply per day from April 2013 to June

2015. 17% of the entire population did not receive

power supply at all during this period.

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Health

• Among the MINT economies, Nigeria has the

second lowest expenditure on health as % of

GDP at 3.9% and the lowest life expectancy by 16

years (Nigeria’s is 55, Indonesia’s is 71, Mexico’s

is 75, and Turkey’s is 76), according to WHO

data.

• Despite having the largest economy in Africa,

statistics from Nigeria’s WHO report suggest that

her under-five and maternal mortality rates are

lower than the African average.

• Diseases like HIV/AIDS and Malaria continue

to constitute a major health risk to many young

Nigerians. At present around 250,000 Nigerian

children die annually from Malaria and it is the

cause of 30% of hospitalisations among children

under the age of five.

• Nigeria is one of only 3 countries worldwide yet to

eradicate polio. We have not seen new infections

in the past year, but must maintain this for three

years to be declared polio-free.

Source: WHO

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As you brainstorm solutions to these challenges, we would like you to be guided by three main questions: What,

Why and How?

1. WHAT – do you think of Infrastructure/ Youth Unemployment/ Health/ Security in Nigeria?

a. When you think of Infrastructure/ Youth Unemployment/ Health/ Security in Nigeria, what is the first

thing that comes to mind?

b. What do you think of the current state of this issue in Nigeria?

2. WHY – do you think the current situation is the way it is?

a. What are the current barriers to improving Infrastructure/ Youth Unemployment/ Health/ Security in

Nigeria?

b. How do you feel the current decision-making process contributes to this?

3. HOW – would you like to see it change?

a. Describe how you would like to see the system improve.

b. What tools would you like to see incorporated in the implementation of change in this area?

Of all the points raised, what would you prioritise and why?

Discussion...

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