Technical Assistance for the Establishment and Operationalization of Development Bank of Nigerias (DBN) Credit Guarantee Facility (CGF)

Selection Number: 1255301

Contract Description: Nigeria Technical Assistance for the Establishment and Operationalization of Development Bank of Nigeria (DBN) Credit Guarantee Facility (CGF)

The objective of the requested technical assistance is to provide advisory support to the DBN towards the establishment and operationalization of the CGF.

This task is envisaged to take place within 14 months. Support will be provided to the DBN through the provision o ftechnical consulting services to facilitate the establishment and operationalization of the DBNs CGF. In addition to advising on the development of legal, regulatory and governance arrangements relating to the establishment of CGF, key areas of technical support will include advising the DBN on how to structure the CGF operations and internal set-up and controls, including but not limited to determining staff levels, staff profile and skillsets, required staff training,selection and appraisal of participating banks, required IT applications, monitoring and evaluation, and developing a comprehensive CGF Manual specifying all required processes and procedures, and finally testing and roll out of initial CGF services to the first round of participating commercial banks.

This assignment will require support of a highly professional, dedicated technical consulting team over the period of approximately one year committed to providing both on- and off- site support to the DBN. It will be the DBNs responsibility to establish the facility, hire the management and staff, and cover all required operational and running costs, while the consultant-team will complement these efforts by delivering technical assistance, training and capacity building. Following initial support leading to the registration of the CGF, appointment of the manager, and development of the CGF manual, the CGF will be capitalized with the US$35 million Naira equivalent from the proceeds of the existing World Bank loan, thereby allowing the initial piloting and testing of initial CGF services to be undertaken with the support and oversight of the consultants.

Duration: 14 months