Project: Building Resilient Digital Infrastructure for Growth (BRIDGE)

Country: Nigeria

Project Number: P508383

Client: Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE)

Project Implementation Unit Address: 1243 Kur Mohammed Ave, Central Business District 

900103, Abuja, FCT Nigeria.

Contract Title: Engagement of Transaction Advisor

Contract Reference: NG-FMCIDE-504062-CS-QCBS

Selection Method: Quality and Cost Based Selection

Date of Technical Proposal Opening: 28 November 2025

Date of Financial Proposal Opening: 14 January 2026

Total Number of Firms that Submitted Technical and Financial Proposal: 5

Total Number of Firms that did not Submit Technical and Financial Proposal: 2

Name of Successful Firm(s): FBNQuest Merchant Bank

Address of Successful Firm(s): 2, Broad Street, Lagos Island. Lagos, Nigeria

Contract Duration: 24 Weeks

Brief Description of Scope: 

The scope of work for this engagement includes, but is not limited to the following:

Phase 1: Project Assessment and SPV Structuring

Conduct a financial and economic feasibility review and build a scenario-based financial model to project cash flows and test bankability. Value government and private contributions, recommend equity allocations and an optimal capital/funding mix, identify financial and non-financial risks with mitigations and risk-allocation proposals, and provide inputs for SPV governance and regulatory compliance. Benchmark at least five comparable engagements and extract lessons relevant to the transaction.

Phase 2: Investor Engagement and Transaction Preparation

Develop a procurement and marketing strategy, prepare an Information Memorandum, and run roadshows and investor-DFI outreach to attract bidders. Prepare procurement documents and a bankable financial model for bidder due diligence, support procurement implementation and transparent bid evaluation, and deliver a comprehensive Project Operations Manual.

Phase 3: SPV Formation and Financial Close

Support negotiations with selected private partners, lenders and DFIs; draft, review and finalise shareholder, equity and financing agreements; coordinate financial due diligence and secure funding commitments. Provide final inputs for SPV incorporation, capitalization, shareholder contributions, pre-operational arrangements and contract signing through to financial close.

Phase 4: Assignment Completion Report

Prepare and submit a consolidated final report including all financial analyses, assumptions, valuation assessments, the editable financial model with user guide, investor materials and transaction documents, a summary of the procurement process and outcomes.

Beneficial Ownership Disclosure: http://b.link/TransactionAdvisor

Date of this Notice: 4 March 2026