DEADLINE: 14TH OCTOBER, 2021
BENUE STATE GOVERNMENT OF NIGERIA
BENUE PEOPLE’S HOUSE, MAKURDI
INVITATION FOR EXPRESSION OF INTEREST FOR THE ACQUISITION OF SOME BENUE STATE GOVERNMENT COMPANIES
The Benue State Government, under the leadership of His Excellency, Samuel Ortom, and the Benue State Council on Privatization and Commercialization under the Law of 2010 No. 3 which came into effect on the 27 of Seplember 2010, with the mandate to privatize commercialize Government-owned companies have approved the sale/concession or the following companies to prospective investors through a Competitive Bidding process:
(1) Taraku Mills Ltd. (A vegetable oil & refining plant).
(2) Mega Foods and Beverages Processing Company Ltd. Wannune (Tomato/ Mango Factory)
(3) Benfruit Nig. Ltd. Makurdi (Fruit juice processing factory)
(4) Benkims Plastic Nig. Ltd. Makurdi
(5) Katsina-Ala Yam Flour Factory Ltd.
(6) Agricultural Development Company Ltd. Makurdi (integrated farm)
(7) Fertilizer Blending Company Ltd. Makurdi
(8) Benue Burnt Bricks Ltd Olukpo
(9) Benco Roof Tiles Ltd. Abinsi
(10) Benue Links Ltd Makurdi (Transport company)
(11) Makurdi Modern Market (for concession)
(12) Makurdi International Hotel
(13) Benue Tractor Hiring Agency Makurdi
(14) Benue Hotels Ltd Makurdi
(15) Star Cement Company Ltd lgumale
(16) Benue Printing and Publishing Company Makurdi
(17) Ikwe Wildlife Park, Igbor (for concession)
(18) J. S. Tarka Foundation Makurdi (for concession)
(19) Memuna Isa Kontagora Hostel, Makurdi
(20) Benue Cattle Ranch Limited, Ikyogen
(21) Benro Packaging Company Ltd, Gboko
(22) Benue Fruit Juice Company, Gboko
(23) Ultra-Modem International Market, Makurdi (for concession)
(24) Benue State Pharmaceutical Outfit, Makurdi
(25) Mbatiav Cement Company Ltd., Akpagher
Applicants are expected to be local/international investors with a proven track record in ownership and operation of such companies. In case of a consortium of investors at least one of the consortium members must be an experienced operator (the “Technical Partner”). The Technical Partner shall be responsible for providing operation, maintenance, and management services under a long-term agreement.
Bidders that Include companies owned by indigenes of Benue State in their consortium will have an added advantage.
Method of Application: Prospective bidders should register then- interest in writing on the company letterhead duly signed by authorized person. The original should be submitted in person or mailed to the Council’s address. The interest letter should also include at least the following information:
- Full name of the Prospective Investor postal/contact address, telephone/mobile, email, and contact person
- Description of main business activity, technical and operation capabilities, number of years in the chosen sector, and local international experience in the sector.
- Evidence of ample financial resources and technical and operational capabilities not only to run the plant efficiently but also to improve the plant thus enhancing financial and economic value to the company and Nigerians in general:
- The ownership structure of the company.
- Name(s) of major shareholders and percentage shareholdings, and
- Audited financial statements for the past three (3) years and most recent management accounts if available.
- Composition and profile of management team showing qualification and years of experience in the chosen sector
- Record of successful investment and technical management in the chosen company.
Bidders are allowed to bid for up to three (3) companies and not more. Prospective Bidders will be issued brief profiles of each company. Interested bidders should address their request in writing to Mr. Annune Fidelis (as below).
Method of Submission of Expression of Interest:
An original and five (5) other printed copies of Expression of Interest and one digital copy in PDF format stored on a readable digital media, contained in one sealed envelope and the cover of the envelope clearly marked with the name of the Prospective Investor shall be delivered by hand to the undermentioned name and address clearly marked “EOI (Company Name of interest) Transaction” at the top right-hand comer not later than Friday, October 14, 2021, by 4.00 pm local time at the Office of the Honourable Commissioner for Industry and Cooperatives, Benue State Secretariat, Makurdi.
Mr. ANNUNE FIDELIS
The Secretary, Benue State Council on Privatization and Commercialization,
Ministry of Industry and Cooperatives,
Benue State Secretariat, Room 45,
Makurdi, Benue State-Nigeria
Tel: 234-(0) 7035139328
Email: Benuecopce@gmail.com
Late submissions will be disqualified.
Upon receipt of Expressions of Interest from Prospective Bidders, the Council, shall evaluate and pre-qualify bidders. Only short-listed bidders shall be contacted. Thereafter, pre-qualified Prospective Investors will be issued a Request for Proposal (RFP) and other Bidding Documents upon the payment of a non-refundable fee. Further clarifications or inquiries should be addressed in writing to Mr. Annune Fidelis (as above)
DISCLAIMER; This Invitation for Expression of Interest does not in any way constitute an agreement or an offer of the companies to Prospective Investor (s). The Council shall not be at the cost of the Prospective Bidders. The Council reserves the right to accept or reject any submission
SIGNED
ANNUNE FIDELIS
