DEADLINE: 10TH NOVEMBER, 2022
NATIONAL COUNCIL ON PRIVATISATION (NCP)
SECRETARIAT: BUREAU OF PUBLIC ENTERPRISES
INVITATION FOR EXPRESSION OF INTEREST FOR THE ENGAGEMENT OF A TRANSACTION ADVISER TO DEVELOP BUSINESS FRAMEWORK FOR NIGERIAN MINING INVESTMENT HOLDING COMPANY LIMITED (NMIHCL) AND NIMCO TALC LIMITED, ISANLU.
1. BACKGROUND
The Federal Government of Nigeria has embarked on economic diversification with the aim of leveraging on the Nation’s vast natural resources to diversify the economy from the oil and gas sector to achieve economic emancipation The sector’s growth and contributions to GDP have remained less than ideal, accounting for only about 0.33% in 2015. The Government intends to improve the attractiveness of the Nigerian Mining sector for long-term private sector investment in the exploration and production of minerals and to create a globally competitive sector capable of contributing to wealth creation, providing jobs and advancing our social and human security.
2. BRIEF ON NIGERIAN MINING INVESTMENT HOLDING COMPANY LIMITED
The Federal Government in order to achieve the above, approved the adoption of the Zambian and Indonesian Models by incorporating the Nigerian Mining Investment Holding Company Limited (NMIHCL) as a successor to the Nigeria Mining Corporation (NMC). The NMIHCL will be used as a vehicle to attract serious private investors and stimulate the growth of mining projects from brownfield opportunities.
3. NIMCO TALC LIMITED, ISANLU
This is a wholly owned subsidiary company of the NMC. It is a mining and processing company. Tale is required in the manufacture of several products such as cosmetics, pharmaceuticals, ceramics, paints plastics, papers, baby and dusting powder etc.
4. OBJECTIVES
The main objective of this consultancy is to provide technical and operational advice, policy options and support to the Federal Government of Nigeria (FGN) regarding the commencement of operations of the NMIHCL. The company is expected to be run as a sustainable limited liability company in line with CAMA and have very minimal or no funding from the Federal Government of Nigeria.
5. OVERVIEW OF NIGERIAN MINING SECTOR JOINT VENTURES
NMC was established as a Federal Government Statutory Corporation by decree 39 of 1972 (now Act 120 of 2004). NMC quickly grew to a large conglomerate with a wide range of activities and investments with sole mining rights for all solid minerals except coal, iron ore and bauxite. Its metal and industrial minerals assets are described in 4 mineral groups, namely: associated minerals; gold; lead-zinc; and industrial minerals. NMC held interests in several assets (including the underlying mineral licenses on which the relevant mineral deposits lie) directly and indirectly, 34 Joint Venture Companies (JVCs), and Memorandum of Understanding (MOUs). The prospective adviser is expected to:
a) Review the existing laws establishing NMC joint ventures/MOU/ Associated Companies and the Nigerian Mining Act 2007.
b) Conduct due diligence review on NMC joint ventures/MOU/Associated Companies.
c) Provide advice on an appropriate legal and regulatory framework.
d) Provide the necessary blueprint requisite advice and support required for the FGN to successfully commence and implement the setting up and operations of NMIHCL as a limited liability investment holding company in a manner that is consistent with relevant national policies; laws and international best practices; and,
e) Provide advice on the best strategy to adopt for the exercise,
f) Provide necessary technical (including valuation) and analytical support to the Bureau regarding the implementation of the report submitted by the consultant
g) Developed a robust business model with detailed core operational areas, so that NMIHCL can be effectively run in the post-set-up phase thus making it commercially viable and attractive to investors in the mining sector.
h) Omnibus: Render other advisory services that will enable take-off and sustain the company.
i) In summary, the scope of work will be divided into 4 phases:
a. Situation Analysis and Assessment
b. Planning
c. Financial and transaction Support
d. Implementation
6. METHOD OF APPLICATION:
Interested persons should indicate their interest by providing the following documentation and information:
Firm Information:
a) Full name of company, postal addresses, and contact persons, telephone, and e-mail addresses.
Nigerian Firms: Compliance
b) Evidence of registration with the Corporate Affairs Commission (CAC) by submission of Certificate of Incorporation including forms CAC2 and CAC7 or CAC form 1.1;
c) Evidence of 2021 Pension Compliance Certificate.
d) Evidence of 2021 Industrial Training Fund (ITF) Compliance Certificate; and
e) Evidence of 2021 Nigeria Social Insurance Trust Fund (NSITF) Compliance Certificate.
f) Evidence of tax payment in Nigeria (2019, 2020 and 2021).
g) FINANCIAL INFORMATION:
Submission of Management Letter for 2019, 2020 and 2021 from Auditors (s). Foreign Firms:
a) Full name of company and contact person, postal address, telephone/GSM numbers, and e-mail addresses.
b) Evidence of company registration in home country, and
c) Evidence of tax payment in home country (2019, 2020 and 2021).
7. TECHNICAL & OPERATIONAL CAPACITIES:
a) Ownership structure of company: name(s) of major shareholders.
b) Related experience in development and operation of a business framework for the establishment a limited liability firm.
c) Names and CV of Firms/Consortium Executives who will be assigned to the services being applied for including verifiable individuals’ qualification and experience in similar assignments within the last 10 years. 8. SUBMISSION OF EOIS:
a) An original copy and six (6) other copies of Expressions of Interest shall be delivered in a sealed envelope clearly marked “Expression of Interest for the Development of a Business Framework for Nigerian Mining Investment Holding Company Limited (NMIHCL)”. The name of the prospective transaction adviser must be stated on the reversed side of the envelope and delivered to the address below not later than 2.00pm, 10th November, 2022.
ONLY SHORT-LISTED FIRMS WILL BE CONTACTED.
Alex A. Okoh
Director General
Bureau of Public Enterprises,
Room 122, No. 11, Osun Crescent,
Off IBB Way, Maitama District, FCT, Nigeria
Website: www.bpe.gov.ng
b) Upon receipt of Expressions of Interest (EOI) from prospective transaction advisers, the Bureau shall evaluate and pre-qualify the applicants.
c) Thereafter, pre-qualified firms will be issued a Request for Proposal (RFP) with the detailed TOR for the assignment.
d) LATE AND EMAILED SUBMISSIONS WILL BE REJECTED.
e) Failure to provide the requested information in full will render an application non-responsive.
9. FOR FURTHER ENQUIRIES, PLEASE CONTACT:
Ignatius 0. Ayewoh
Director,
Agriculture & Natural Resources,
Tel: +234 (0) 8033112171
Email: IAyewoh@bpe.gov.ng
Abdulkadir A. Ahmed
Project Manager, (Agriculture & Natural Resources)
Tel: +234 (0) 8097255400
Email address: AAhmed@bpe.gov.ng
DISCLAIMER:
This Invitation for Expressions of Interests does not in any manner constitute an agreement and is neither an offer of the Enterprise to the prospective applicants or any other person.
