FEDERAL MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT (FMA&RD) IN COLLABORATION WITH BANK OF AGRICULTURE (BOA)

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THE FEDERAL GOVERNMENT OF NIGERIA
FEDERAL MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT (FMA&RD)
IN COLLABORATION WITH BANK OF AGRICULTURE (BOA)

RE: REQUEST FOR EXPRESSION OF INTEREST AND BUSINESS PROPOSAL TO PARTICIPATE IN THE ESTABLISHMENT OF TEN (10) NOS INTEGRATED LARGE SCALE RICE PROCESSING PLANTS

Following our advertisement in the Daily Trust of 20th August, 2018, The Nation of 22nd August, 2018 and Leadership of 24th August, 2018, calling for Expression of Interest (EOI) and Detailed Business Plan/Proposal from prospective, reputable and eligible investors to participate in the scheme for the establishment of 10 Nos Integrated Large Scale Rice Processing Plants across the country, the general public is hereby informed of the extension of the deadline for the submission of expression of interest and detailed business proposals.

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Detailed Business Proposal should now be submitted in five (5) copies, properly sealed and clearly marked at the top right-hand corner “EOI AND BUSINESS PROPOSAL FOR THE ESTABLISHMENT OF INTEGRATED LARGE SCALE RICE PROCESSING PLANT IN……………STATE” with a non-refundable fee of N250,000.00 in bank draft in favour of Bank of Agriculture Ltd on or before 12:00 noon on Thursday, September 27, 2018.
REQUIREMENTS FOR SUBMISSION OF PROPOSAL
Eligibility of an investor shall be on the provision of a suitable land (2-3 hectares, cleared and well drained, accessible, and close to the National grid). Such land MUST have a chargeable title (Certificate of Occupancy or Deed of Assignment).

In addition, prospective investors must provide information indicating that they are qualified to participate in the scheme. Their submissions with the detailed business proposal must include:
i. Certified true copy of Certificate of Incorporation;
ii. Company Profile/Brochures;
iii. 3-years Tax Clearance Certificate;
iv. 3 years Certified Audited Account with a minimum turnover of 200million;
v. Availability of Appropriate Skills among key Officers/Staff including photocopies of relevant Professional/Technical Qualifications;
vi. Financial Capability – Eligible Investors will be required to contribute equity of not less than 10% of the plant cost;
vii. Proof of relevant experience in rice processing or agribusiness will be an advantage;
viii. Membership of registered Rice Processing Associations is an advantage;
ix. Proposal should state specific State location of interest and the proposed location in the state;
x. Letter of Comfort from Investor’s Banker on willingness to issue a Bank Guarantee in support of the 90% balance of transaction value and provide working capital.
The sealed envelopes should be addressed and delivered to:
The Managing Director/CEO
Bank of Agriculture (BOA) Limited
BOA Plaza, Central Area, Abuja

For further enquiry and collection of Project Prospectus, please contact:
Olabode Abikoye Mobile: 08028212228
Haruna A. Bitrus Mobile: 08029948882

All proposals will be evaluated and shortlisted investors will be contacted accordingly.

SOURCE: DAILY TRUST

 

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