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FG Set To Privatize Bank of Agriculture, Bank of Industry

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NAN – The Bureau of Public Enterprises (BPE) has announced its plans to commence the privatisation process of the Bank of Agriculture (BOA), Bank of Industry (BOI) and the Nigeria Commodity Exchange (NCX).

This is contained in a statement made available to newsmen on Thursday, April 23, 2015 in Abuja by the bureau’s Head, Public Communications, Mr Chigbo Anichebe.

The News Agency of Nigeria (NAN) recalls that the National Council on Privatisation (NCP) had in 2014, approved the privatisation of three Development Finance Institutions in the country.

According to the statement, the NCP had approved the Financial Bid Opening for BOA, BOI as well as the Nigeria Commodity Exchange (NCX).

“The Council has directed BPE to immediately invite the pre-qualified bidders that met the benchmark scores of 75 per cent in the initial evaluation to proceed to the Financial Bid Opening Stage.

“For the BOA, the BPE was directed to invite Banca Leonardo Consortium (Germany); Barclays Consortium (Nigeria), CPCS Consortium (Barbados) and PWC Consortium (Nigeria).

“After the Financial Bid Opening, the contract should be awarded to any of the consortia adjudged to have made the best offer based on quality and cost selection guidelines of the World Bank.”

It also stated that the BPE was directed to invite CPCS Consortium (Barbados), BDO Consortium (UK) and Barclays (South Africa) that emerged pre-qualified bidders for the BOI.

For the NCX, Banca Leonardo Consortium (Germany), United Capital Consortium (Nigeria), CPCS Transcom Consortium (Barbados) and BGL Consortium (Nigeria) have been shortlisted to participate in its Financial Bid Opening.

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