BEING THE COMMUNIQUÉ From Your PERCHSTONE And GRAEYS 8TH Yearly LAW Collection/INDIA NIGERIA BUSINESS FORUM, 2015 - HELD In The VIVANTA BY TAJ HOTEL, MUMBAI, INDIA ON Sept 10 - 11, 2015
- For almost ten years, the commercial law firm of Perchstone & Graeys has front-lined.
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- 10.The deployment of ICT in the Nigerian business and public industry is not a luxury but an imperative which.
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Theme: Changing the levers of Emerging Economies: Rigs to Potato chips
For almost ten years, the industrial law firm of Perchstone And Graeys has front-lined the focused user interface between law, company and plan, through an yearly thought leadership occasion christened the “Annual Legislation Series” (“ALS”). The big event has showcased company and plan leaders from around the globe, and it has constantly birthed new business synergies, information and legislative reforms (a draft Securitization Expenses, immediately linked to a previous edition of the Series, is currently pending prior to the Nigerian National Set up for legislative assent). India-Nigeria Business Forum series|
In 2012, emphasis from the ALS turned to Asia, and this culminated within the hosting of the ALS event, together with the Federation of Indian native Compartments of Business and Industry (“FICCI”), in New Delhi, India in 2013.Using the 2013 event widely adjudged successful, the firm once again searched to India in 2015 because the location for its 8th Annual Law Collection, labeled the India Nigeria Company Community forum (“INBF”) 2015.
Labeled the India Nigeria
Once more in collaboration with FICCI, Perchstone And Graeys convened the 2015 version of its Yearly Law Series/INBF 2015 in India, at a two-day occasion kept at the Vivanta by Taj Hotel, Mumbai. The forum showcased a wealthy variety of worldwide famous speakers, panelists and businessmen from India and Nigeria. Up against the history of doubt in the worldwide economic climate and decreasing oil prices, the conference theme sought-after to emphasize and articulate the potential for Details and Interaction Technologies (“ICT”) to do something as a handle for your further development and growth of the Nigerian economy. With ICT making up about $50 Billion dollars of nationwide GDP in Nigeria, and with a eager examination of the expansion of ICT in India, the discussed work at home opportunities between the two countries came sharply into focus. Near to 70 (seventy) businesses and around 100 (one hundred) delegates went to the big event, having a mandate to recognize and investigate these possibilities for ICT to help permeate and maximize the potential for various sectors within the Nigerian economy; from agriculture, to transport, health care, training and energy.
To seventy businesses and around one
The big event was graced by an eminent board of source persons and panelists: Mr. Bismarck J. Rewane; Managing Director/Main Professional Official of Financial Derivatives Company Restricted; Mr. Gerald C. Ilkuwe; Local Basic Manager, Western Africa, Motorola Solutions Restricted; Mr. Uyi Akpata; Nation Senior Partner, PwC Nigeria; Mr. B. Gopalakrishnan, Affiliate V . P ., HCL Learning and Enterprise Application Solutions, HCL Infosystems Restricted; Mr. Dinesh Madhavan, Director Health care Services, HCG Businesses Limited; Mr. Adebayo Ogundipe, Ag. Director, Information Technology, Afe Babalola College, Ado Ekiti; Mr. Frank Aigbogun, CEO/Creator, BusinessDay, Lagos, Nigeria; Mr. Tony Verghese, Companion, J. Sagar Representatives, Bengaluru; Mr. Rajrishi Singhal, Senior citizen Geo-economics Other, Entrance House, Mumbai; Mr. R. Kannan, Brain - Corporate Performance Administration, Hinduja Team. Dignitaries present included Mr. Jagdish Chanrai; of Chanrai Summit Group; Ms. Sheila Sudhakaran, Associate Secretary Basic (Africa, Arab & South Asia Regions), FICCI; the Nigerian Nationwide Investment Promotion Commission payment (NIPC) was also ably symbolized by some of its top functionaries.
Deliberations at the INBF 2015 yielded a clear direction regarding likely financial developments and future prospects for ICT improvement and relationships in Nigeria. This direction/vision for ICT development has been reduced into the following recommendations by the Nigerian and Indian native businesses present in the INBF 2015:
1.India has set for itself the “Smart Cities” mission - to utilize technical or “smart” answers to drive economic growth by allowing neighborhood development throughout different claims of India. Condition Government authorities in Nigeria (with Lagos Condition as leader) should similarly embrace digital technologies/ICT to enhance the quality of its urban services and participate more effectively using its citizenry. This could be achieved by collaborating with existing telecommunications businesses and internet service providers, to leverage on their fibre optic and digital systems. As a result this can create a harmonized ICT system for Governments to manage and keep track of protection, transportation as well as other social infrastructure solutions and systems.
2.Oil & Gas remains the lifestyle blood of the Nigerian economy, and therefore, enactment from the Petroleum Business Expenses (PIB) is vital. However, technological innovations regarding details management within the Oil And Gas industry could be used to greatly curb waste and robbery. For example, fitted wellhead with detectors to look at the real oil drilled, as against what comes in the terminals, will make sure accountability and maximisation of worth when it comes to managing our essential oil and gas assets.
Be used to greatly curb waste
3.Specific identified non-oil sectors; Agriculture, Healthcare, Training, Telecommunications and Public administration, retain the most prospects for high ICT adoption in Nigeria and should be courted by serious traders.
Retain the most
4.There presently exists 40% waste of agricultural create in Nigeria because of insufficient infrastructure; such as ICT infrastructure. High level of investment from both the public and private industry in ICT and technical know-how is vital to boost efficiency and improve Nigeria’s economic perspective.
5.The Nigerian telecommunications market is but to reach its optimal possible, and stands around the brink of electronic revolution. Massive opportunities are plentiful within this industry, particularly in broadband internet systems and digital services. The Bharti Airtel outsourced workers model could be emulated,
Broadband internet systems and digital
6.The policy and regulatory framework for ICT in Nigeria is insufficient. Industry stakeholders, gamers and end-customers of ICT should constitute a joints forum for the formulation of appropriate plan, and also to determine terms for comprehensive implementation and checking.
7.Public Private Partnerships are crucial for the enhancement of ICT infrastructure. Condition Government authorities should partner with private organizations to integrate their mixed ICT infrastructure into a solitary unit for the benefit of the larger populace.
8.Diversification from oil is the greatest essential for the ICT industry. ICT has the possibility to be Nigeria’s largest income earner as well as an financial motorist resulting in the transformation of other industries.
9.Personal firms in Nigeria had been encouraged to step up by diversifying (export) earnings to include more professional solutions.
Diversifying export earnings to include
10.The implementation of ICT within the Nigerian company and general public sector is not a luxury but an essential which should be seized within this political dispensation. Reps of the Nigerian Purchase Advertising Commission payment (NIPC) were present and provided the full support from the NIPC in facilitating the unimpeded stream of International Immediate Investment into Nigeria to further build her ICT facilities.
ABOUT PERCHSTONE AND GRAEYS
Perchstone And Graeys is really a leading industrial law practice that gives exceptional lawful services within the diverse areas of arbitration, essential oil and gas, financial and finance, capital marketplace, income tax, litigation, intellectual property, property, corporate commercial and telecommunications. The Firm’s powerful reputation is founded on its distinctive capability to offer revolutionary solutions to complex legal issues inside a way customized towards the client’s person needs. We adopt a visionary approach to client services which allows us to foresee business difficulties prior to they occur positioning us in front of our contemporaries.
Established in 1997 from the duo of Remi Okunlola and Osaro Eghobamien , SAN , Perchstone And Graeys from the beginning experienced, set for itself, the objective of making a top notch law firm driven by high quality, professionalism and trust and reliability. In time, it offers grown to one of Nigeria’s pre-prestigious law firms. In Challenge Quality, Perchstone & Graeys is famous because of its level of information, advancement and a grasp of how our clients’ interests converge with the Legislation. The company has recognized itself inside a string of notable instances in extremely specialised areas; it really is presently performing for any Nigerian oil organization inside a contentious $USD 5.5 billion dollars power arbitration which may properly set up a precedent on the computation of income tax revenues from Essential oil & Gasoline invoices.
Itself the objective
Leveraging on our success within the corporate/industrial and financial industries of the economy, Perchstone And Graeys is nowadays one of the leader law offices in low interest financial in Nigeria so we take part in monetary plan development having performed a lead role in drawing up a Securitisation Expenses shortly to become provided in the Nigerian Nationwide Assembly. Our engagement using the Monetary System Balance (FSS) 2020 Project Management Team in the direction of a change of legislations affecting on the Nigerian Monetary Industry is definitely an additional tag of our level and expertise. In 2012 the Firm was employed by the Asset Management Corporation of Nigeria (AMCON) to conduct due diligence solutions on the part of the Company.
Low interest financial
Perchstone & Graeys is regularly positioned amongst the primary Nigerian law offices in leading legal magazines such as The Legal 500, IFLR 100 as well as the United Kingdom’s Department of Industry and Business. It had been also recently outlined by Business Day Paper as one of the most successful Nigerian Commercial Law Offices. Private Client Law|
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