Lead Capital Consortium on Thursday in Abuja emerged the preferred bidder for the acquisition of equities of the Nigeria Commodity Exchange market.
Lead Capital, whose financial bid was N76.3 million, garnered a total score of 83.1 per cent to displace their closest rivals, PWC Consortium and United Capital Consortium that had higher financial bids of N372.3 million and 289.8 million respectively.
Speaking at the event, which was witnessed by representatives of the competing firms, members of security agencies, officials of relevant agencies, among others, the Acting Director-General of the Bureau of Public Enterprises (BPE), Dr. Vincent O. Akpotaire, said Lead Capital Consortium emerged the preferred bidder after the consideration of the total weighted technical and financial scores, adding that the project is to transfer the equities of the Exchange to a vibrant organisation.
While saying that the result is subject to the approval of the Steering Committee on the Revitalisation of the Nigeria Commodity Exchange and the National Council on Privatisation (NCP) headed by Acting President Yemi Osinbajo, Akpotaire said the transfer of the equities would ensure adequate loans are made available to farmers through the Exchange to reposition the nation’s economy.
His words: “The Federal Government is desirous of revamping the nation’s economy through non-oil export. It is instructive to state that the much desired economy revamp strongly hinges on a well-structured commodity exchange, as a catalyst for enhancing the effective and efficient marketing and distribution of agricultural commodities and other produce.
“It is also noteworthy that an effective commodity exchange will serve as good platform for trading in produce, encourage warehouse receipts system and a tested a veritable source of cash flows to farmers and other market dealers.”