PRESS RELEASE: INDIA NIGERIA BUSINESS FORUM (INBF) 2015 HOLDING IN MUMBAI, INDIA ON SEPTEMBER 10-11, 2015

Gentlemen of the Press,

Thank you for taking time to attend this press briefing.

Perchstone & Graeys is pleased to announce that, in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI; India’s largest and oldest apex chamber of commerce), it will be convening the 2nd edition of its India Nigeria Business Forum (INBF) themed “Changing the levers of emerging economies: Rigs to Chips”.

This edition, which is scheduled to take place on September 10 – 11, 2015 in Mumbai, India, will focus on Information and Communications Technology (ICT) and how this can be harnessed to widen the space of commercial opportunities and deepen the exchange of best practices between Nigeria and India. This year’s theme takes account of the strides India has recorded in ICT and how it has established itself as a global ICT leader. This is, of course, coming at a time when Nigeria’s rebased GDP indicates that about 10% (or $50billion) is attributable to ICT. In view of the fact that ICT is an indispensable enabler to all sectors of the economy, its share of contribution to Nigeria’s GDP is likely to witness a steady upswing. In practical terms, this will mean more jobs, skill acquisition and transfer and overall positives for Nigeria. We rightly believe that there are obvious synergies which can be built between both Nigeria and India around ICT and this is partly what informed the initiation of the INBF as a private sector platform through which businesses from both countries can explore new opportunities.

The first day will be devoted to a conference plenary session discussing broad policy issues and will feature sessions on matters of broad ICT policy and financing. To wrap up, there will be a brief business-to-business (B2B) matchmaking session. The attendees will also be hosted to a cocktail later that evening. The second day will be dedicated to exclusive networking and business-to-business (B2B) matchmaking in which companies and business leaders from Nigeria are invited to network with their Indian counterparts, sharing competences and creating new commercial opportunities. We have secured, among other notable speakers: Mr. Gerald Ilukwe, one of Nigeria’s foremost ICT practitioners and the Regional General Manager, West Africa, Motorola Solutions Limited;Mr. Bismarck J. Rewane, one of Nigeria’s leading economists, and Managing Director, Financial Derivatives Company Limited. He is to speak on the financial architecture to support ICT.

It is expected that the Conference will serve as a platform to boost investment opportunities in ICT in Nigeria and raise the level of best practices operators, policy makers and the business communities.

Our Annual Conference Series

2007 witnessed the maiden edition of a conference christened the Annual Law Series (ALS), to mark our tenth anniversary as a law firm and the opening of our own purpose built office. The enthusiastic response from the audience convinced us of the desirability of making it an annual non-paying event by which we regularly seek to deepen the interface between public policy makers, the business and legal communities. Over the years we commenced a strategic relationship with FICCI and in June 2013, collaborated with it to convene the maiden edition of the INBF in New Delhi, India; there were almost 30 Nigerian companies in attendance.

The ALS has continued to attract a rich and distinguished spread of both local and international participants from the public and private sectors. Over time, we have secured the attendance of a rich array of persons from within and outside such as Dr. Shamsudeen Usman, the former Minister of National Planning; Ambassador Mahesh Sachdev, the former Indian High Commissioner to Nigeria; Prof. Jayanth Krishnan of Indiana University; among several others; Mr. Sitesh Mukherjee, a Partner with Trilegal;Mr. Frank Nweke, the Director General of the Nigerian Economic Summit Group (NESG); Dr. Emmanuel Egbogha, the former Senior Special Adviser to the President on Petroleum; Mr. Rotimi Akeredolu, SAN, former President of the Nigerian Bar Association; Ms. Bolanle Onagoruwa, the former Director General of the Bureau of Public Enterprises; Mrs. Ifueko Omogui-Okauru, the former Executive Chairman of the Federal Inland Revenue Service; Dr. Kingsley Moghalu, the former Deputy Governor of the CBN; Mr. Odein Ajumogobia, SAN, the former Petroleum Minister;Mr. Tonye Cole, Chief Executive Officer of Sahara Group.

We are pleased with the record of achievements which our initiative has garnered over the years. These include our advisory role to government parties within and outside Nigeria; our work on the concept of securitization and in conceptualizing an international private sector driven energy roundtable between India and Nigeria, among others.

About Perchstone & Graeys

Perchstone & Graeys is a leading Nigerian commercial law firm with an innovative approach to delivering exceptional legal solutions. With a practice fueled by a deep commitment to the highest standards of quality, professionalism, integrity and client care, the firm has developed an outstanding reputation for offering high value transactional advice and representation tailored to the needs of our clients. The breadth of our expertise and the quality of our lawyers and support staff has seen us emerge as one of the preferred law firms in the country with a diverse spread of clientele across industry sectors worldwide.

The resourcefulness and experience we apply is evident in the high rankings we regularly garner; in April 2014, the British The Lawyer magazine ranked us as one of the forty-six elite African law firms “…you need to do business with”.