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LINKS/KANO STATE INVESTMENT PROMOTION AGENCY (KANINVEST)-

REQUEST FOR EXPRESSION OF INTEREST FOR CONSULTANTS FOR THE KANO STATE TURNAROUND PROJECT

MANUFACTURERS ASSOCIATION OF NIGERIA
KANINVEST
LINKS
REQUEST FOR EXPRESSION OF INTEREST FOR CONSULTANTS FOR THE KANO STATE TURNAROUND PROJECT

BACKGROUND
Tetra Tech International Development is delivering LINKS, a Foreign, Commonwealth, and Development Office (Formerly DFID) funded program. LINKS was created to catalyze economic growth in northern Nigeria through initiatives that would boost the development of a vibrant and diversified economy in the region over the next seven years. The front-line components of LINKS are innovation, investment promotion, financial flow facilitation, and business environment reforms.

The decline of industries and Businesses in Kano, Kaduna, and Jigawa over the past two decades has been accelerated by the COVID-19 pandemic leading to disruption and economic uncertainty that have come at a significant cost to the Nigerian Government. In a bid to reverse this trend, LINKS in collaboration with the Manufacturers Association of Nigeria (MAN) and the Kano State Investment Promotion Agency (KanInvest) have designed, and are implementing, the Kano State Turnaround Project – an intervention that would facilitate the influx of turnaround specialists to rescue, reorganize, restructure, and repair shortlisted companies.

For this reason, LINKS seeks to facilitate the engagement of experts in business restructuring and turnaround advisory to help underperforming and distressed companies in Kano State. The turnaround firms, or consortia must have significant operational experience, strong industry knowledge, and other skills relevant to turnaround management. They will be required to objectively assess each company with a goal of identifying problems and proffering/implementing solutions. These solutions will be outlined in comprehensive turnaround plans that will be implemented in partnership with the management of the business until specific recovery milestones are met.

Specific requirements of each group of specialists are outlined below:

(1) TURNAROUND ADVISOR (INDEPENDENT CONSULTANT)
The Turnaround Advisor (an individual) will be responsible for monitoring the activities of turnaround experts engaged to work with clients in Kano State in relation to a range of matters, as determined by their strategy, directly impacting the implementation of the Kano State Turnaround Project. The Advisor will be required to assess all technical proposals for reasonability, effectiveness and sustainability. The Advisor will also be responsible for ensuring that the targets set and agreed upon for all companies are met.

Skills & Experience
• Strong academic record with a master’s degree in Finance, Economics, Engineering or any relevant equivalent
• Prior experience implementing or participating in turnaround projects involving evaluations and negotiations; experience in implementing cost reduction initiatives is required.
• Prior experience in corporate finance; investment banking experience is an advantage.
• Prior experience in corporate advisory services
• Excellent communication and presentation skills
• Strong team orientation and a demonstrated ability to work effectively with multi-location teams
• Self-starter with a strong work ethic and high attention to detail
• Demonstrated personal integrity and leadership qualities
• Good interpersonal and stakeholder management skills
• Special Requirements – The position is virtual with frequent travel to Kano.

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