Circular

Institutional Capacity Development on Green Finance and Green Bonds for the Securities and Exchange Commission, Nigerian Exchange Group and Capital Market Operators

SECTOR: NIGERIAN CAPITAL MARKET

GRANT NO.: G-NG-H00-SUP-001:

PROJECT ID NO.: P-NG-HZ0-007

The SECURITIES & EXCHANGE COMMISSION, NIGERIA (SEC) has received financing from the African Development Bank towards the cost of regulatory capacity improvements under the RISK-BASED SUPERVISION FRAMEWORK IMPLEMENTATION AND CAPACITY BUILDING PROGRAM and intends to apply part of the agreed amount for this grant to payments under the contract for consultancy services for the Institutional Capacity Development on Green Finance and Green Bonds for the Securities and Exchange Commission, Nigerian Exchange Group and Capital Market Operators.

SERVICES INCLUDED UNDER THIS PROJECT:

This project will focus on capacity building and training for staff of the Securities and Exchange Commission, Nigeria (SEC) and the Nigerian Exchange Group PLC (NGX Group) to strengthen their capacity to oversee regulation, registration, listing, trading, verification, monitoring, etc. for green bonds and green finance instruments. It will also involve the development of tailored framework for standardized green bond offerings; guidelines to enable regulatory review and processing of green bond offerings as well as templates for efficient post offer monitoring and inspection of green bond issues. The assignment will also involve a stakeholders’ capacity building workshop for market operators (issuers, investors, local green bond verifiers / certification providers etc.).

The Securities & Exchange Commission, Nigeria now invites eligible consultants to indicate their interest in providing these services. Interested Consulting Firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.). Consulting Firms may constitute joint ventures to enhance their chances of qualification. Firms are required to provide evidence of incorporation in their respective home Countries.

Eligibility criteria, establishment of the short-list and the selection procedure shall be in accordance with the African Development Bank’s “Procurement Framework of October 2015, which is available on the Bank’s website at http://www.afdb.org.

Interested consultants may obtain further information at the address below during office hours from 9.00am to 4pm (Monday to Friday) or via the email address provided below.

Expressions of interest must be delivered in hard and soft copies (soft copy on a flash drive) to the address below by [Monday, January 16, 2023 at 12.00 Noon] prompt and mention “Institutional Capacity Development on Green Finance and Green Bonds”.

The Expression of Interest shall be opened immediately after the deadline for submission at 12:00 noon on Monday, January 16^, 2023.

SUBMISSION ADDRESS

Attention: Dr Mo’ Omamegbe, Implementation Unit coordinator,

Securities and Exchange Commission, Nigeria, SEC Tower, Plot 272, Samuel Ademulegun Street, Central Business District, FCT, Abuja, Nigeria

Telephone: +234 (9) 4621168

E-mail: Afdb-piu@sec.gov.ng

Request for Proposals may follow after a responsive Expression of Interest is achieved