Home Business FG Pre-Qualifies BUA International, two others for Calabar, Kano FTZ Concession

    FG Pre-Qualifies BUA International, two others for Calabar, Kano FTZ Concession

    0
    10

    Three Companies have been pre-qualified and issued the Request for Proposal, RFP, for the concession of the Calabar and Kano Free Trade Zones, FTZs, in the country, respectively.

    They are Diamond Stripes Consortium, BUA International Limited, Diamond Stripes Consortium and Northwest Petroleum and Gas Company Limited for Calabar Free Trade Zone and Diamond Stripes Consortium, Urban Shelter Infrastructure Limited and BUA International Limited for Kano Free Trade Zone.

    The Director General of the Bureau of Public Enterprises, BPE, Alex Okoh,  announced their qualification at the bidders pre-bid conference for the concession of the two FTZs in Abuja on Monday.

    He said the bidders are expected to submit their proposals on or before December 2, 2022.

    “Thereafter the technical proposals will be publicly opened the same day and evaluated subsequently. The bidders are also expected to submit, along with their proposals, the draft Concession Agreement that has been reviewed or tracked with each page signed or initialed”, he stated.

    He explained that the pre-bid conference is a continuation of the Federal Government’s ongoing efforts to diversify the country’s economy and fast-track its industrialisation by unlocking the potentials of the two FTZs to transform them into world class facilities through the injection of private sector capital and technical capacity.

    “Specifically, the purpose of this meeting is to engage with the prospective bidders, financing institutions and contractors, to elicit discussions and address key concerns with respect to the transactions. We also seek to use this event to provide clarifications on vital issues around the bid documents which we believe should allow bidders to better contextualize and understand the bidding process and prerequisites”, he added.

    Stating the vital roles of FTZs to the economic growth and development of several countries in Southeast Asia and southern America particularly China, India, Brazil and Mexico, including some African Countries like Ethiopia and Kenya, Okoh noted that these countries have leveraged on SEZs to fast-track industrialisation, diversify their economies, create jobs, and generate Foreign Direct Investments, FDI.

    He lamented that efforts to replicate the success of the FTZ model in Nigeria have not yielded the desired results, owing to many reasons, amongst which are deficient and obsolete infrastructure, over reliance on the treasury for funding, amongst others.

    The DG further stated that it was in a bid to check this trend that the Federal Government through the National Council on Privatisation, NCP, in 2018, approved the reform of the Kano and Calabar FTZs with a view to transforming them, through private sector participation into important pillars and enablers for the FGN’s drive towards diversification, growth and development of the Nigerian economy.

    “Following Council’s approval, a Transaction Implementation Committee, TIC, under the chairmanship of the Minister of Industry, Trade & Investment with membership drawn from relevant stakeholders including NEPZA, Ministry of Justice, Nigerian Export Promotion Council, BPE was constituted to drive the reform process. In addition, Ernst & Young Consortium, was engaged as the Transaction Adviser for the concession of the two zones.

    He commended the administration of President Muhammadu Buhari for its determination and unwavering commitment to improve the ease of business and service delivery, through the provision of excellent infrastructure by partnering with the private sector on a mutually beneficial relationship that would incentivise private sector investors and deliver economic benefits to the Nigerian people; and the Vice-President and Chairman of the National Council on Privatisation, NCP, Yemi Osinbajo, as well as members of NCP for their support and guidance in implementing the Federal Government’s reform, privatisation and PPP programme.

    Also Speaking in the same vein, the Managing Director of the Nigeria Export Processing Zones Authority, NEPZA, Adesoji Adesugba, represented by his Special Adviser, Adewale Folowosele congratulated the pre- qualified bidders for getting to that stage of the concession of the two FTZs with the aim of driving sustainable development on the zones.

    He commended the BPE for pursuing the transaction relentlessly and described the event as an important milestone for all stakeholders involved the transaction.

    NO COMMENTS

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here