Bank of Agriculture (BOA)
Commercialization of Some None Core Assets
Request for Expressions of Interest (EOI)
The Bank of Agriculture Limited is Nigeria’s premier agricultural and rural development finance institution, 100% wholly owned by the Federal Government of Nigeria. The Bank was incorporated as Nigerian Agricultural Bank (NAB) in 1973 and in 1978, was renamed Nigerian Agricultural and Cooperative Bank (NACB). Subsequently in 2000, it was merged with the People’s Bank of Nigeria (PBN) and took over the risk assets of Family Economic Advancement Programme (FEAP) to become Nigerian Agricultural Cooperative and Rural Development Bank Limited (NACRDB). In 2010, the Bank’s name was changed to Bank of Agriculture Limited (BOA) in a bid to reposition the Bank into an effective and sustainable National Agricultural and Rural Development Finance Institution.
In furtherance of the Bank’s Vision of becoming the foremost self-sustaining development finance institution in Africa, the Bank intends to select competent private investors to Re-develop, Manage and Operate (RMO) its Plazas to free the Bank to concentrate on its core mandate.
The locations of Plazas being considered for this transaction are as follows:
i. Abuja, FCT;
ii. Ikeja, Lagos State;
iii. Kano, Kano State;
iv. Port-Harcourt, Rivers State and
v. Enugu, Enugu State.
To actualize this, the BOA wishes to engage the services of Consultants to assess the Strategic Fit, Achievability, Value for Money (VfM) and Affordability for the Procurement of Concessionaires to Finance, Re-develop, Operate and Maintain the above named Plazas.
The Transaction Advisory Services to be provided by the Consultants in the Assignment shall include, but not limited to the following:
A. Development Phase Covering:
i. Preparation of an Outline Business Case (OBC) which shall include Options Appraisal, Value for Money/Affordability Assessment, Preliminary Risk Matrix, Budgets and deliverable.
B. Procurement Phase Covering:
i. Preparation of Expression of Interest(EOI) with its attendant Evaluation Criteria, Invite and Receive EOIs, Short list or Prequalify Bidders, prepare Request for Proposal (RFP) or Bid Documents with its attendant Evaluation Criteria;
ii. Bid Administration Issuance of RFP or Bid Documents to
short listed Bidders, hold Bidders’ Conference, Evaluate Bids and select Preferred Bidder, Conduct Value for Money Test and finalize Concession Agreement; and
iii. Preparation of the Full Business Case (FBC) to be used in seeking the necessary approvals.
Consultants are to note that a comprehensive Term of Reference (TOR) will be made available in the Request for Proposal (RFP) for pre-qualified Consultants.
Submission of Expression of Interest (EOI)
Prospective Consultants should submit an Expression of Interest detailing the following minimum requirements as basis for pre-qualification:
- Profile of firm including organizational structure with full contact details and roles of key staff;
- Evidence of business registration in home country and evidence of filing of Annual Returns;
- Details of experience in areas of similar transaction in the last 2 years;
- Copies of unabridged financial reports for the last 2 years;
- Copy of Firm’s current Tax Clearance Certificate and Taxpayer Identification Number (TIN); and
- Evidence of VAT registration and remittance.
Expression of Interest which shall be in English must be submitted in six (6) copies in a sealed envelope clearly marked “Expressions of Interest for Transaction Advisory Services for Commercialization of Boa’s Plazas. A CD-ROM version should also be included.
The expressions of interests should be addressed and delivered not later than 31st August, 2011 at the address below:
The Managing Director/CEO,
Bank of Agriculture Limited (BOA)
I , Yakubu Gowon Way, Kaduna, Nigeria.
Attention: Executive Director, Corporate Services
Interested applicants may obtain further information at the address above from 8.00 am to 4.00 pm, Monday through Friday (except public holidays) or visit
Tel: No. 07040202222, 07042262222
Only short-listed Consultants will be contacted.
Furthermore, submissions shall not be construed to be a commitment on the part of the Bank of Agriculture Limited to select any consultant nor shall it entitle any individual/firm submitting Expression of Interest to claim any indemnity from the BOA.
Signed: Management
