Government Of Cross River State- Application For Pre- Qualification As Investors In The Privatization Of The Underlisted Ventures Roki Oil Palm Estate And Nsadop Oil Palm Estate

DEADLINE: 16TH MAY, 2022 GOVERNMENT OF CROSS RIVER STATE OF NIGERIA CROSS RIVER STATE COUNCIL ON PRIVATIZATION APPLICATION FOR PRE- QUALIFICATION AS INVESTORS IN THE PRIVATIZATION OF THE UNDERLISTED VENTURES ROKI OIL PALM ESTATE AND NSADOP OIL PALM ESTATE

INTRODUCTION: The Cross River State Government through the State Council on Privatization (CRSCP) hereby invites prospective investors who are interested in acquiring any of the above listed enterprises, through competitive bidding as follows:

BOKI OIL PALM ESTATE-BORUM: It was established in 1963 in Borum, in Boki Local Government Area comprising 1,735 Hectares cultivated between 1963 and 1976, and 2,883 Hectares reserved for further cultivation. The Estate has a network of roads, staff quarters, office accommodation and other facilities. It is wholly owned by the Cross River State Government, without encumbrances.

NSADOP OIL PALM ESTATE Nsadop Oil Palm Estate was established in 1 964. The Estate is located at Nsadop in Boki Local Government Area along Okundi-Boje Road, it has the total size of 5,411 Hectares, 1,280 Hectares were cultivated between 1964 and 1 979 while 4,1 31 Hectares are reserved for further cultivation. The Estate is owned wholly by the State Government, without encumbrances.

PRE-QUALIFICATION DOCUMENTS: Prospective investors are required to supply the following documents:

(i) Profile of the company or Consortium including ownership structure.

(ii) Composition of the Management Team.

(iii) Evidence of Tax Payment for three years (201 9, 2020, 2021).

(iv) Record of successful investment in relevant business within the sector.

(v) Evidence of financial capability to invest and reactivate the venture.

(vi) Evidence of similar jobs executed recently.

Payment of non-refundable processing fees of N500,000.00 each (Five Hundred Thousand Naira)only for each of the Oil Palm Estate payable to Cross River State Council on Privatization.

SUBMISSION OF PRE-QUALIFICATION APPLICATION: Prospective investors should visit the two estates for on-the-spot assessment and due diligence before submitting pre-qualification documents.

The pre-qualification application should be sealed and delivered either by hand or by registered mail to the address below not later than 14 days from the date of this publication (16, MAY 2022) . Only short listed companies shall be invited to submit technical bids days after the technical pre-qualification exercise is completed.

This will lead to the submission of technical bids after the pre-qualification documents have been evaluated by the Privatization Council. The investors shall bear the expenses of their visits to the two estates.

The Cross River State Council on Privatization reserves the right to decline prequalification for any investor considered unfit to acquire the two oil palm estates under consideration.

ALL INQUIRES SHOULD BE DIRECTED TO: The Executive Secretary, Cross River State Council on Privatization, Plot 201, Block 9,4th Avenue, State Housing Estate, Calabar, Phone Number: 08036711731/08084650545.

SIGNED: BARR. DAVID C. AMIYE, FCIA EXECUTIVE SECRETARY FOR: CHAIRMAN

Government Of Cross River State- Application For Pre- Qualification As Investors In The Privatization Of The Underlisted Ventures Roki Oil Palm Estate And Nsadop Oil Palm Estate

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