Niger State Development
Minna, Niger State,
OBJECTIVE
In line with the Niger State Government’s vision of attaining the status of being among the three best economics in Nigeria by the year 2020, the Niger State Development Company (NSDC) is inviting prospective investors to express interest in redeveloping a 5,325 square meter property situated along Wumo Road in Kaduna, the Kaduna State capital, under a Public-Private Partnership (PPP) arrangement.
NSDC’s desire to diversity its operations has necessitated the Company envisaging the redevelopment of this property into a commercial development that leverage on its location in a prime commercial area. To this effect we have made available for this proposed development a structure set on a 5,325 square meter plot along Wumo Road, Kaduna. This area is within a commercial area that houses the NAF Club and Gombe Jewel Hotel among others modern shopping outlets, cateries, offices and/or hotel space.
PRE-QUALIFICATION:
Applicants are expected to have a proven track record in construction and facility management. In order to have pre-qualified, prospective investors must supply verifiable evidence of their ability to construct and manage a commercial property. In this regard, the following information will be required:
- Track record of successful investment in similar assignments.
- Adequate and verifiable proof of financial resources to commerce and complete the development, such as a letter from a bank or financial institution indicating willingness to fund the project and cover the first years of operational costs.
- Willingness to deposit project funds into an escrow account
- Proven evidence of technical ability to manage the facility upon completion
- Interested investors should indicate their interest by further providing the following documentation and information
- Proof of registration with NSDC
- Company profile containing contact person, telephone number and e-mail address
- Copy of CAC registration certificate.
- Brochure showing similar tasks accomplished
- Composition and profile of management team
- Schematic drawings of proposed construction with proposed period of development
- Methodology for undertaking the assignment and work plan
- Cash flow projection for the duration of the lease period
- A proposed financial model for the project with particular emphasis on the source of funding
- Any other additional information that may enhance the application
THE LEASE:
The lease holding period is expected to be between 15 to 20 years in order to allow adequate returns on investment. An irrevocable lease term will be executed with the developer for the period. The property and assets will be valued and will form a part of Niger State. Development Company’s equity contribution in the project. A sign-on fee will be paid to NSDC upon execution of the contract.
SUBMISSION:
Copies of Expressions of Interest (EOI) must be delivered in a sealed envelope marked Expressions of Interest in the Redevelopment of Wumo Road, Kaduna and delivered to the address below on or before 5th March 2012 by 5.00p.m.
Late Submissions will be Rejected:
To inspect the property, call Mohammed Mohammed -08036155448
All submissions must be accompanied with a non-refundable bank draft for N50,000 payable to “Niger State Development Company” and submitted to the following address.
ATTENTION:
Mr. Mohammed M. Aliyu,
Managing Director,
Niger State Development Company,
A44, Muazu Mohammed Road,
Minna, Niger State, Nigeria.
