AFRICAN DEVELOPMENT BANK GROUP
Nigeria Country Department
Expression of Interest – Project Finance Expert
The African Development Bank hereby invites Individual Consultants with expertise in Infrastructure Financing, Public-Private Partnerships (PPPs) and Investor Relations to indicate their interest in the following Assignment : “Private Sector Participation in Infrastructure Financing for Industrialization”.
Department issuing the request : Nigeria Country Department (RDNG)
Place of Assignment : Nigeria
Duration of the Assignment : 6 months
Tentative Date of Commencement : 28 December 2020
Deadline for expression of interest : No later than Friday, December 11th, 2020 at 12:00 hrs, GMT.
Expression of interest must be received electronically at email address : recruit_rdng@afdb.org and c.akabike@afdb.org
Terms of Reference :
CONTEXT :
The African Development Bank’s interventions in Nigeria are guided by a five-year country strategy, articulated to support government’s efforts in addressing development needs. The Nigeria Country Strategy Paper 2020 – 2024 has two key priority areas of focus, namely (i) Supporting Infrastructure Development and (ii) Promoting Social Inclusion through Agribusiness and Skills Development. These areas of priority seek to drive economic transformation and export diversification through a private sector growth model. Evidenced-based and policy relevant analytical works form an important component of the country strategy.
A successful implementation of the priority areas and the High 5s more generally under the country strategy, depends upon the mobilization of resources to finance infrastructure development. In this regard, the Nigeria Country Department (RDNG) in conjunction with the Industrial and Development Department (PITD) have identified the need to undertake a study on “Private Sector Participation in Infrastructure Financing for Nigeria’s Industrialization”.
OBJECTIVE OF THE ASSIGNMENT :
The proposed study will interrogate key areas of policy attention and the opportunities and benefits of private sector participation in financing infrastructure development in a fiscally constrained economy. The study will therefore also bring to the fore, catalytic infrastructure investments needed to stimulate and accelerate private sector led industrialization, especially in the context of special agro-processing zones. The outcome of the study will demonstrate the role Nigeria can play in leveraging private sector financing of infrastructure to spur industrialization to anchor regional development, as the largest contributor to West Africa’s economy.
SCOPE OF THE ASSIGNMENT :
Under the overall guidance of the Senior Director, RDNG and the Director, PITD, as well as the immediate supervision of the Lead Economist, RDNG, the consultant will conduct rigorous analysis of the subject area, bringing to the fore the opportunities and challenges to private sector participation in infrastructure financing and propose innovative approaches to exploiting the opportunities and addressing the challenges. Specifically, the consultant will be required to do the following:
Main Tasks/Activities :
a) Assist in the preparation of the paper :
In consultation with relevant stakeholders, the Consultant will gather information to develop the content for the paper focusing on opportunities to boost private sector participation in infrastructure financing in Nigeria. The Consultant will conduct desk review of existing related material to identify the infrastructure financing gaps in Nigeria, and constraints to private sector participation and propose recommendations to addressing these constraints.
The study will also assess the role of capital markets in project financing, as well as approaches to leverage other means of private sector financing including human capital investments required to unlock the potential of industrial development for economic transformation. Therefore, the study should link private sector participation in financing infrastructure development with the country’s quest for a private sector led industrialization. A review of the Bank’s studies on industrial clusters, the study conducted on unlocking the industrial potential of Kano city, as well as other relevant material will highlight the need for such synergy. The consultant will therefore hold consultations with the relevant stakeholders both in the public and private sector to understand the linkage between infrastructure financing and the industrial landscape of Nigeria.
Contribute to the production of other knowledge products and services such as economic intelligence notes, policy briefs and seminars, among others.
SELECTION CRITERIA :
The Individual Consultant shall have the following qualification, expertise, experience and competencies :
- At least a master’s degree in Economics, Development Economics or Finance, with years of experience in Infrastructure Financing, Project financing and structuring large Public-Private Partnership (PPP) projects. micro and macro-economic skills, and demonstrable cutting-edge technical competencies in econometrics ;
- Experience working with international organizations and bilateral or multilateral donor agencies ;
- Evidence of successful completion of similar assignment(s) is preferred ;
- Knowledge of and/or experience in project financing is desirable ;
- Knowledge and understanding of international and country-level implementation of aid effectiveness agenda ;
- English and French are the official languages of the Bank. For this assignment, excellent written and verbal communication skills in English is a must.
REMUNERATION :
The successful consultant will be paid a fee for the duration of the project commensurate with qualification for the task and satisfactory delivery of all the outputs, in line with the Bank’s guidelines on remuneration of individual consultants.
REPORTING AND SUPERVISION OF THE ASSIGNMENT
The Consultant shall report directly to the Senior Director (Nigeria). For day-to-day management of the assignment, he/she will also work closely with the Lead Economist who is the Task Manager for this assignment. The consultant shall provide regular updates and progress on milestones as per the below schedule of deliverables.
- EXPECTED DELIVERABLES AND TIMELINE
This assignment will be undertaken within a period of 6 months. Thus, the Consultant shall execute all elements of this assignment during this period, effective from date of signing the contract. Due to the COVID-19 pandemic, the consultant may be required to work both virtually and in-person, depending on the re-opening date of the Bank’s offices in Nigeria.
Specific deliverables during the project implementation are as outlined below.
Tentative Processing Schedule of Deliverables :
| Timeline | Consultant’s Activities/Deliverables | |
| 14 | January 2021 | Inception Report |
| 15 | March 2021 | First draft submitted for peer and stakeholder review |
| 18 | – 22 March 2021 | Peer and stakeholder review of draft |
| 19 | April 2021 | Submission of draft incorporating peer and stakeholder review comments |
| 22-Feb – 5 May 2021 | Management review of revised draft | |
| 19 | May 2021 | Submitted of version incorporating management comments |
| 26 | May 2021 | Management review and clearance of the revised version |
| 28 | June 2021 | Submission of final report |
All questions relating to this assignment should be addressed to : Recruit_rdng@afdb.org with copy to c.akabike@afdb.org, b.okpe@afdb.org and a.simpasa@afdb.org.