Bank of Agriculture (BOA)
Improving lives, Growing communities
Request for Proposals for Consultancy Services
Bank of Agriculture Limited, Nigeria’s foremost agricultural and rural development finance institution, is inviting tenders from suitable and qualified consulting firms/companies, in form of proposals for the provision of consultancy services for the design, creation and operationalization of a national microfinance bank subsidiary.
Introduction
As part of our strategy to reposition Bank of Agriculture Limited (BOA) in order to create a viable and sustainable agricultural value chain and rural enterprises finance system, BOA proposes to restructure into 2 divisions; a wholesale finance parent/holding company and a national microfinance bank subsidiary.
The new subsidiary, BOA Microfinance Bank shall be a Central Bank of Nigeria (CBN) licensed microfinance bank with an agricultural and rural finance focus and a mandate to operate nationwide, It is proposed that BOA Microfinance Bank shall eventually inherit all the retail assets of BOA, including at least 80 existing retail branches, with the plans of eventually extending delivery channels to all the LGAs of the Federation.
The proposed BOA Microfinance Bank shall be freshly capitalized, but shall in addition assume all the agricultural and non-agric micro, small and medium enterprises (MSME) credit, savings mobilization and other retail non-credit support mandates of Bank of Agriculture.
The indicative Terms of Reference
The indicative Terms of Reference (ToR) of this engagement shall indude:
1. Organizational design of the proposed microfinance bank
2. Preparation of the feasibility report, business plan, operations manuals, HR policies and all the other documentation required for the pursuance of the CBN license.
3. Assist in sourcing for an experienced strategic partner, preferably with domain expertise, to invest and possibly participate in the management of the MFB.
4. Coordination of the application process to the CBN, and subsequent follow-ups, including dealing with any queries that may arise during the license processing.
5. Assist in the development of the memorandum of association and incorporation of the MFB at the Corporate Affairs Commission.
6. Advise on the branding, and appropriate communications strategies for effective market entry of the MFB
7. Advise on the setup, choice of locations, distribution channels, roll-out strategies, office and IT equipments, software, and other work tools necessary for the effective take off of the MFB.
8. Coordination of the valuation of the existing fixed and operating assets of BOA that would be transferred to the National MFB.
9. Assist in the recruitment process with the identification of staff with the right skills and experience to manage the MFB
10 Design and execution of a comprehensive pre-takeoff training, and subsequent capacity building programme for all the staff of the MFB.
Method of Application:
Interested Bidders are required to forward a soft copy of their proposal in pdf format to info@bankofagricultureng.com and five (5) hard copies plus a non-refundable tender fee of One hundred thousand naira only, (N100,000) in bank draft in favor of Bank of Agriculture Limited, to the undersigned, on or before 30th November, 2011. At the minimum, the proposal must include:
- Details of the firm’s proposed execution dynamics of this assignment, including methodology, scope, timelines, expected deliverables, and fees. Bidders may restrict themselves to specific set of ToR items for which they have competencies; therefore BOA reserves the option to engage multiple consultants in order to effectively cover all the TOR items.
- Brief bios of the management and other key staff of the company that would be involved in driving this engagement.
- Proof of Alliances/partnerships/relationships with other consulting firms, companies, OEMs or service providers that may impact the conduct of this engagement.
- List of similar assignments handled in the past, including client, scope, value, project duration, status and references.
- Company’s incorporation details, including a copy of the Certificate of Incorporation, Memorandum and Articles of Association and Form CO7.
- Company audited accounts for the past three years VAT registration certificate and evidence of past VAT remittances.
- Bank reference indicating the company’s financial
Signed
Executive Director, Business Development
Bank of Agriculture Limited 1, Yakubu Gowon Way, Kaduna
Web: www.bankofagricultureng.com
Tel: 0704 020 2222, 0704 226 2222
