Expression of Interest Resuscitation of Government Owned Ailing Companies in Nasarawa State at v

This is to inform the general public that Nasarawa State Government, in its bid to provide employment for the state’s teaming graduates, improve its internally generated revenue and thus fight poverty in the state has resolved to immediately resuscitate its Ailing Companies.

In furtherance of this noble objective, this objective, Government has transferred the ailing companies to its wholly owned Nasarawa Investment and Property Development Company (NIPDC) Ltd with a clear mandate to convert them to its subsidiaries, and make them functional within the shortest possible time.

Among the Ailing Companies affected by the Government’s decisions are:

1. Nasara Sacks and Packaging Company Ltd Akwanga
2. Nasara Fertilizer Blending Plant Ltd Lafia
3. Nasars Beef Processing Company Ltd Masaka
4. Kern Abattoir, Keffi
5. Farin Ruwa Resort Ltd Farm Rawa
6. Nasara Soap Company Ltd, Akwanga
7. Sesame Seed Processing Company, Doma

However, the Management of NIPDC Ltd wishes to inform prospective investors that the companies will be resuscitated in phases through its various models of partnership thus:

• Public Private Partnership
• Private Private Partnership
• Public Public Partnership

Available options which NIPDC Ltd. Encourages are through equity, lease or concession by the prospective investors. In the first phase, the following Companies are available for Would-be investors to inspect and write to EXPRESS their interest, stating their preferred PPP model, based on their relevant experiences, financial muscle and passion for excellences:

• Nasara Sacks and Packaing Company Ltd, Akwanga
• Nasara Fertilizer Blending Plant, Lafia
• Nasara Meats Processing Company Ltd, Masaka
• Sesame Cleaning Plant, Doma

For the avoidance of doubt, the opportunities are open to local and international investors irrespective of where they may come from. The criteria for selection, among others, are:

• Proven records of relevant experience(s) in the industry based on its management capacity.
• Clear understanding of the firm(s) problems which the investor wishes to tackle for profitability and sustainability.
• Proven financial muscle to turn around the Company of their choice.

Interested individuals and organizations should contact the underlisted for details and arrangement of factory visits from the date of this publication.

Submission of expression of interest should reach the Managing Director/CEO on or before 21 March, 2013

Mark Iyah 08036071280

Alice Musa (Mrs) 08095954907

Ibrahim Ishaleku 08030591035

D.E. Ajegena
Managing Director/CEO
www.nipdcng.com, info@nipdeng.com, nipdelafia@yahoo.co.uk