Posted on :
19 Jul, 2019
19 Jul, 2019
Development Bank of Nigeria exists to alleviate financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria through providing financing, partial credit guarantees and technical assistance to eligible financial intermediaries on a market-conforming and fully financially sustainable basis. We are recruiting to fill the position below:
Job Title: Consultant
Reference Number: NG-DBN-106620-CS-QCBS
Assignment Title: Nigeria – Technical Assistance to Participating Financial Institutions to Expand their Lending to Target Micro, Small and Medium Enterprises (MSMEs).
The Federal Government of Nigeria (FGN) has obtained a loan from the International Bank for Reconstruction and Development (IBRD) and intends to apply part of the proceeds of this loan to engage a qualifed consulting firm for the implementation of technical assistance (TA) for commercial bank downscaling aimed at expanding their lending to MSMEs on sustainable and commercially viable terms. The goal of the technical assistance program is to augment the level of formal credit and other financial services being made available to MSMEs by improving the long-term capacity of banks to profitably and sustainably serve this market segment.
This technical assistance is to be delivered in the context of the establishment of the Development Bank of Nigeria (DBN), a wholesale development bank licensed by the Central Bank of Nigeria, that provides long term financing and partial credit guarantees to eligible financial intermediaries for onlending to MSMEs. The establishment of the DBN is supported with projects funded by the World Bank and other development partners, including the African Development Bank (AfDB), European Investment Bank (EIB), German Development Bank (KfW) and French Development Agency (AFD) with a combination of equity, debt financing, and technical assistance support.
The DBN, which is the implementing entity for the technical assistance component of the project, has selected five commercial banks that are eligible and interested in the downscaling technical assistance program. The profiles of the selected commercial banks will be provided in the Request for Proposal stage which will be sent to short-listed firms, following this Expression of Interest stage.
An indicative list of the consulting services (“the Services”) to be provided to each of the five commercial banks over a period of up to 24 months includes:
The details of above outlined services are described in detailed terms of reference which can be found on DBN’s website at the following link https://bit.ly/2JDtLoB
The DBN invites eligible consulting firms (“Consultants”) to indicate their interest in providing these Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform these Services.
The minimum shortlisting criteria are:
For the consulting firms meeting each of the abovementioned prerequisite minimum criteria, the following would be considered an advantage: i) demonstrated evidence of successful implementation of similar downscaling projects in Nigeria; and ii) experience on similar downscaling projects financed by international development institutions such as the World Bank Group, European Bank for Reconstruction and Development, and/or others as relevant.
Interested Consultants should provide the following information as part of their Expression of Interest:
The attention of interested Consultants is drawn to paragraph 1.9 of the World Bank’s Guidelines: Selection and Employment of Consultants under IBRD and IDA Credits & Grants by World Bank Borrowers, May 2011, revised in July 2014 (“Consultant Guidelines”) setting forth the World Bank’s policy on conflict of interest. Consultants may associate with other firms in the form of a joint venture or a sub-consultancy to enhance their qualifications. Each member of a Joint venture firm shall be reasonably qualified to undertake the assignment in case of withdrawal by any of the members.
A Consultant will be selected in accordance with the Quality and Cost Based Selection method set out in the Consultant Guidelines.
Interested Consultants should forward their Expressions of interest – citing the above Assignment Title and Reference Number in the subject – must be delivered in a written form either to the address below (in person or by mail) or preferably e-mail to:
Head, Internal Audit,
Development Bank of Nigeria (DBN),
The Clan Place,
1386A, Tigris Crescent,
E-mail: [email protected]
Further information can be obtained at the contact information above during office hours [0900 to 1700 hours Monday- Friday, local time].
Application Deadline: 15th August, 2019