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Five foreign firms bid for $32m World Bank SMEs
Oluyinka Akintunde, Abuja
The Nigerian Investment Promotion Commission has pre-qualified five international companies for the execution of the World Bank�s Small and Medium Scale Enterprises Project in the country valued at $32 million (about N4.256 billion)
The NIPC is the project implementation secretariat for the project.
A source in the commission gave the names of the foreign firms as: PricewaterhouseCoopers, Emerging Market Economies Limited, International Development Ireland Limited and The Louis Berger Group Incorporation.
Speaking with newsmen on Wednesday in Abuja before the closed-door opening of tenders on the project, the Director of Policy Advocacy and Project of NIPC, Alhaji Lawan Gana Latenwa, confirmed that the pilot project would take off in three states of the federation- Lagos, Abia and Kaduna.
�This project is the one the president is targeting and we believe that at the end of the exercise we would do a review as it affects the operation if it conforms to our target level then there is likelihood that the project will be extended to other states of the federation.
�We have gotten assurance from the Minister of Finance that if it conforms with the performance figure it would be extended to other states and more money would also be brought into the project in order to cover other states,� Latenwa said.
He noted that a total of 86 companies submitted expressions of interest to partner the NIPC in the implementation of the World Bank project.
�We received 86 EOIs from different companies, both nationally and internationally. The commission selected six companies that conform to the eligibility requirement; out of which only five of the selected companies completed and submitted their bid documents. But today we are going to open the bid document of the five companies,� Latenwa said.
He disclosed that a five-man evaluation committee, including Executive Director, Bank of Industry, Mr. O. Okonkwo and NIPC procurement, Consultant, Mr. Femi Oye, had been appointed by the commission to conduct due diligence on the five bid documents.
�The request for proposal document has been given to each member of the Evaluation Committee. The document would provide a guide to the committee as it examines the submission of the bidders. The committee is to confirm and grade the bidders.
�The Evaluation Committee has been given five days to complete its assignment. It is to submit its recommendation on July 5,� he stated.
The NIPC director explained that there are four components in the implementation of the World Bank SMEs project, which involves business development services component, investment climate component, and the public-private Sector development partnership component.
Under the business development services component, Latenwa said five industries, which included catfish, rice production and services, have been picked for development.
The PUNCH, Thursday, July 1, 2004.
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