About Hakeem Adesanya

This is the official blog of Adesanya & Partners (Chartered Accountants and Tax Practitioners), here you will read issues on Accounting Practice and Guide to entrepreneurs in Nigeria. More focus will be on Tax Practice and practice of the officers of the Federal Inland Revenue Service (FIRS).



The signing of this order on Friday (January 25, 2019) is another milestone recorded by Buhari led Federal Government to rapidly close the infrastructure gap left by previous administrations. Participating investors will use their funds to build infrastructure and return get incentives in the form of tax credits to reduce their corporate taxes payable to government until they recoup the value of their investments in roads and bridges.

The policy is an alternative source to fund infrastructure, including road and electricity projects.

For the records, Nigeria ranks 11th on the list of countries with the world’s worst road quality and network, according to the Global Competitive Index of 2018.

Between 2017 and 2018 Nigeria scored 2.5, worse than neighboring Cameroon which scored 2.6.


The policy will take-off with six companies. In this pilot phase, the following six private sector companies have chosen to participate in the Scheme to construct 19 federal roads covering 794.4km under the new Executive Order 007

a) Dangote Industries Limited;

b) Lafarge Africa Plc;

c) Unilever Nigeria Plc;

d) Flour Mills of Nigeria Plc;

e) Nigeria LNG Limited; and

f) China Road and Bridge Corporation Nigeria Limited.

“The above companies (to be referred to as investors under the scheme) will be investing in the following 19 eligible road projects, totalling 794.4km which have been prioritised in 11 states across each of the six geo-political zones:

a) Construction of Ashaka-Bajoga Highway in Gombe State;

b) Reconstruction of Dikwa-GambaruNgala Road in Borno State;

c) Reconstruction of Bama-Banki Road in Borno State;

d) Rehabilitation of Sharada Road in Kano State

e) Rehabilitation of Nnamdi Azikiwe Expressway / Bypass, in Kaduna State;

f) Reconstruction of Birnin Gwari Expressway – Road in Kaduna State;

g) Reconstruction of Birnin Gwari – Dansadau Road in Kaduna State;

h) Reconstruction of Makurdi-Yandev-Gboko Road in Benue State;

i) Reconstruction of Zone Roundabout-House of Assembly Road in Benue State;

j) Reconstruction of Obajana-Kabba Road in Kogi State;

k) Reconstruction of Ekuku-Idoma-Obehira Road in Kogi State;

l) Construction of AdaviEba-Ikuehi-Obeiba-Obokore Road in Kogi State;

m) Rehabilitation of Lokoja-Ganaja Road in Kogi State;

n) Ofeme Community Road Network and Bridges in Abia State;

o) Rehabilitation of Obele-Ilaro-Papalanto-Shagamu Road in Ogun State;

p) Reconstruction of Sokoto Road in Ogun State;

q) Reconstruction of Apapa-Oshodi-Oworonshoki-Ojota Road in Lagos State;

r) Construction of Bodo-Bonny Road & Bridges across Opobo Channel in Rivers State; and

s) Rehabilitation of Benin City – Asaba Road in Edo State”.


Any investors that is interested to participate in the scheme or take advantage of the scheme shall submit proposals (to include prospective road projects) to the government via the scheme’s management committee.

After carefully considering submissions by investors, the management committee will forward the proposals, through the chairman of the committee, to the president.

The president will then, based on the new Executive Order, select eligible road projects which will be published in an official gazette.


Minister of Finance, The chairman

Minister of Power, Works and Housing as its Deputy Chairman, and

The Permanent Secretary of the Federal Ministry of Finance as its Secretary.

Other members of the Management Committee are drawn from a number of relevant federal Ministries, Departments and Agencies (‘MDAs’),”

The other Representations from the MDAs are to include:

a) The Federal Ministry of Finance;

b) The Federal Ministry of Power, Works and Housing;

c) The Federal Ministry of Industry, Trade and Investment;

d) The Federal Ministry of Justice;

e) The Bureau of Public Procurement;

f) The Federal Inland Revenue Service;

g) The Nigerian Investment Promotion Commission;

h) The Securities and Exchange Commission;

i) The Infrastructure Concession Regulatory Commission;

j) The Budget Office of the Federation;

k) The National Bureau of Statistics;

l) The Nigeria Sovereign Investment Authority; and

m) The Office of the Chief of Staff to the President.

For non Yoruba speaking Nigerians, here is the English interpretation of #SarakiAudio ?

SARAKI AUDIO (Sorry for non Yoruba speaking, I will run the interpretations here below) ☝️

When I told you in my previous campaign that this rouges treat Nigeria as a a PLC, some of us think it’s an understatement.



“All that you have complained about tonight is on point, I can not find anything you have said that is not on point, you complained about empowerment”

“Let us agree that the last 3 and a half years, things have not been easy at all, I agree and accept things have not been easy at all, particularly in the area of empowerment”

“Before 2015 I have always tried to empower the youth and get you involved in appointments, but this time around as a result of what I call human factor, things have not been the same, I believe it is the will of God”

“When you all are complaining and you give example of Gegele and co and you compare it to what is happening now, I am sure you are asking yourself, what is happening? how come all of you struggling with me are not rewarded, it is unacceptable”

“What is the point of putting everything into the emergence of a government and we could not benefit anything from the government, you are asking yourself, what have you benefited”

“If you have not benefited personally in the last 3 and a half years, how do you go to market us, wont people ask you what you have benefited for yourself?

“It got to a stage that people will be making fund of you and asking you what you have benefited, but what is happening from Abuja, use me as an example, in 2015 I carried APC on my head around Nigeria”

“Hardly any state in Nigeria that I did not campaign for Buhari, up to the time of the election in 2015, out of 36 states I paid for the election of 30 states”

“Out of 36 states in Nigeria I funded Buhari campaign in 30 States, some states I paid 200 Million Naira, some 300 Million, some 400 Million, the only states I did not fund are South West States”

“Many times I will be calling my Banks to send money to fund elections across Nigeria for Buhari my thinking was that when we get elected, the next thing is that we will get majority of our people appointments”

“In fact I had already promised some of you here that you will either be MD of Federal agencies, either road maintenance, NIPDA (inaudible) even Nigerian Ports Authority, SUBEB and so on and so forth”

“I know if I put someone amongst you from Kwara even in the smallest Federal agencies, the contract you will sign out, 1Million, 2 Million, but for the first time that I have been in politics even speaker cant appoint a cleaner”

“I as President of the Senate I could not even appoint a cleaner not to talk of Board appointment, if you look at Executive positions I have nothing even after spending Billions for 3 and a half years, I am as angry as you are ”

“I am fighting Buhari because of you, if it because of me I wont fight, it is not easy to fight the federal government, the sufferings you are all going trough is because they did not fulfil our agenda”

“In 2018 I told you all I wont be going with APC but in the last one or 2 months that I left I have been doing a lot for you people, my politics is for all of you, I am just here to empower you all, dont mind the one who just bought form for 33M ”

“It was not my plan not to appoint you, when David Mark was Senate President, every confirmation he made for the President came with something, if they really love us now you will be empowered”

“In the past we they have a cut for Senate President and Speaker but not anymore, so we are no longer going with APC as soon as we joined PDP they called me National Leader when I lost election Atiku came to me immediately”

“Now we have seen the sign that if Atiku becomes President things will come to us, he told me I am the only one that can run his campaign, I know it is not easy for you all, but let me assure you things will be better”

“God see my “aniyan” (Arabic word) now in PDP they have brought us closer, how many people in Kwara did APC bring together in Kwara, now we will soon have power, today in APC they want us to go to Asiwaju Tinubu in Lagos”

“If I am the only one in PDP I will fight alone, my Father made Kwara and took Kwara to the top 10 in Nigeria and I also took Kwara to between number 1 to 3 in Nigerian politics and they now want us to bow to Lagos”

“In the coming election we will put Youth into power in Kwara, let us take Atunwa as he his, he will take care of you all, all those who contested against him are loyal but Atunwa will….. inaudible” (applause)

“When I was Governor I gave a lot of young people contract, they buy land etc and then empower others, I want to return you to the days of when I was Governor when you were all enjoying, Atiku will open things when we win election”

“You know as a leader I see things that followers dont see, when we followed Buhari we felt after spending money, we saw that he failed to reward us, so we said this Baba is not coming back, no money, no patronage all over Nigeria”

“Even with all the problem we have with Buhari the little cut I get I always send to Kwara but I can tell you that we had to design a method to make the little we have, they did not involve us in sharing”

“The only agenda APC have for Kwara is to fight Bukola Saraki , they favour Osun State with empowerment, for the remaining time of Buhari we will still get some things, we gave them list for FIIRS for 3 years they did not employ our list”

Singapore Prime Minister, Lee Kuan Yew, said there were two options for me : *Either I get corrupted and I put my family in the Forbes list

*The Choices That We Make*

Singapore Prime Minister, Lee Kuan Yew, said there were two options for me :

*Either I get corrupted and I put my family in the Forbes list of the richest people in the world* and leave my people with nothing.


*I serve my country, my people and let my country be in the list of the best ten economies in the world.*

I chose the second option.

*The ATIKULOOTERS said, “there were two options for us too, but the second option was already taken by the Singapore Prime Minister”*.

Very Unfortunate Indeed. ATIKULOOTED ?

Based on research, this puzzle over PMB certificate gets clearer.

It’s a pity that many Nigerians can no longer reason having been blinded or delusion with ethno-religious sentiment and hatred. While they spend fortune on data to upload or download fake materials, posting and sharing unverified posts, less attention is given to research.

I have read many comments on PMB recently acquired WAEC certificate and I can only conclude that many are actually educated but illiterate, walloping in their high level of ignorance while wailing in the ocean of bitterness and hatred thereby alluding it to hunger and poverty in the land.


A LIFE OF SERVICE is a book from Late Musa Yardua.

A life of service ‘ pg 27 late shehu yardua mentioned Buhari as his classmate

Here’s a class photo from Shehu Yaradua’s biography, called “Shehu Musa Yar’adua: A life of service”.


You may need to ask the following salient questions concerning the certification after which your eyes of understanding may be opened with the answers provided below, thereby making you to discuss intelligently with wisdom irrespective of your political lineage or belief

1. Is it possible to get another certificate to replace the lost one?

Answer : No

2. How come that WAEC presented another certificate to PMB?


WAEC never presented

another certificate to PMB but Attestation based on request.

3. What is the difference between attestation and certificate or Why Attestation instead of certificate?


Attestation is a validity of any result upon which a certificate can be issued or has been issued.

4. What happened to PMB original WAEC result?

Answer : Ask the Army headquarter ( IBB)

5. Why should WAEC issue him with attestation? Is it because he is the president?

Answer :

WAEC can issue anyone with attestation irrespective of the person background upon request by the individual and backed up with a police report and court affidavit.

6. How come the certificate looked new with recently taken passport photograph as displayed on the PMB WAEC CERTIFICATE?

Answer :

What was issued is not certificate but attestation which normally comes with an embossed recently taken passport photograph in accordance with the WAEC rules and regulations that guide the conduct of their examination and issuance of attestation which is most often referred to as CONFIRMATION OF RESULTS.


1. July 1961 sat the military recruitment exams and passed;

2. December 1961, presumably sat UCLES WASC exams;

3. April 1962 enrolled for 6mnths training at military school Kaduna

4. October 1962 completed 6mnths training at the military school Kaduna

5. October 1962 proceeded to Aldershot UK for 1 year officer training

“6. June 1962 UCLES released result of December 1961 WASC Exams

Gleaned from the net, UCLES conducted its WASC exams in December to avoid the July Oxford exams”

So, it’s clear that PMB joined the army in April 1962 when he was still expecting his WASC result

I believe that with this enlightenment, many will stop making mockery of their ignorance.

Thank you.

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In recent weeks the political train of deceit appeared to have regained some steam in a renewed ruse to make certificate of Mr President the bottom line of 2019 Presidential election. Permit me to admit that certification of classroom tutoring is the standard testimonial of its attendance but at the same time, it is only the mischievous political kindergartians that will think that political diatribe has anything to do with it. In her analysis of the critical attributes of leadership in the book: Not For The Faint of the Heart: A Lesson in Courage, Power and Persistence, Wendy Sherman has concluded that Courage and Integrity are critical attributes that you cannot acquire from the classroom because they are the inert fabrics of human conscience that dictates the power of the negative and power of the positive.

The truth is, I could not agree any better because at the end of the day, those critical attributes are the building blocks of the sincerity of purpose of political leadership. The tragedy of Nigeria as a Country is that for decades now our corrupt and inept electoral system and institutions of governance have only managed to produce certificate leaders rather than character leaders. I mean leaders whose exemplary leadership has been legendary in inspiring the next generation of leaders on ethos of governance and responsibility, I mean, leaders who are no longer celebrated as community treasures but rather revered as national assets, I mean leaders whose nationalism has conquered clan loyalties and ethnic patriotism.

It is sinically despicable that President Muhammadu Buhari, a Gen. of the Nigerian Army, a former Head of State whose honour, integrity and exceptional culture of universal humanity has become an international reference point could be slandered in a desperately dubious game of School Certificate ridicule. I even heard that the choreographed political racism by the PDP’s social media war machine has alleged that you cannot speak English, well, I am wondering when poetry of English-language and the arrogance of ethnic inheritance of it become the index for evaluating the quality and sincerity of political leadership? The truth is that, throughout history great empires that ruled the world at different stages of human civilisation did not have fraternity of English Language; the Mongols, the Othman, the Japanese, the Germans, the Russians and now the Chinese recolonizing the entire planet without English Language.

Dear Mr President, loose no sleep, speak no English, have no certificate, it doesn’t matter, that was not why we elected you, Nigerians elected you to liberate them from the colonialism of PDP whose pedigree in official corruption knew no bounds, we elected you to dismantle the architecture of stupendous State impunity, to restore hope from fatelism of absolute despair, in short, we elected you to pull the Country from the brinks and you did just that against all odds.

The truth is, the oil sheikhs of our criminal economy have regrouped for a political vengeance but be assured that the Nigerian electorates are wiser, sophisticated and ready. At the end of the day, the 2019 general election will not be decided on the gaffe of poetry of deception but rather on the strength of character and the integrity of example.


By Professor Shehu A. Zuru

Pro Chancellor, Peroleum University

The hues and cries over his eligibility having failed to publicly present his WAEC certificate was needless.

Section 131, of the 1999 Constitution provided that a person is qualified for election to the office of President if

He is a citizen of Nigeria;

He has attained the age of forty years;

He is a member of a political party and he is sponsored by that political party;

He has been educated up to at least School Certificate level or its equivalent.”

Clearly, Gen Buhari has met all the above requirements.

“Under and by virtue of section 318 (1) of the Constitution: “School Certificate or its equivalent” means-

(a) A Secondary School Certificate or its equivalent, or Grade II Teacher’s Certificate, the City and Guilds Certificate; or

(b) Education up to Secondary School Certificate level; or

(c) Primary Six School Leaving Certificate or its equivalent and-

i. service in the public or private sector in the Federation in any capacity acceptable to the Independent National Electoral Commission for a minimum of ten years, and

ii. attendance at courses and training in such institutions as may be acceptable to the Independent National Electoral Commission for periods totalling up to a minimum of one year, and

iii. the ability to read, write, understand and communicate in the English language to the satisfaction of the Independent National Electoral Commission, and

(d) Any other qualification acceptable by the Independent National Electoral Commission.”

Anybody who can read, write and communicate in English, who has attended military courses, who has served in the public service of the Federation or even in the Army, is eminently qualified to aspire to be elected as President of Nigeria.

With the rank of Maj-Gen, it clearly indicates that he’s educated and qualified

The debate is thus unnecessary. Let’s discuss serious issues

Development Bank of Nigeria (DBN)…

DBN (Development Bank of Nigeria)

Development Bank of Nigeria (DBN) was conceived by the Federal Government of Nigeria in collaboration with the World Bank, African Development Bank, German Development Bank (KfW), French Agency for Development and European Investment Bank to address.

DBN was established to bridge the gaps created by Bank of Industry (BOI) and the commercial banks that could not satisfy the funding needs of the MSME ( Micro, Small, Medium Enterprise). DBN introduction is meant to enhance Private Investment activities.

The Ministry of Finance stated that about 20,000 beneficiaries will be given loan during it’s first year of operations

Development Bank of Nigeria exists to alleviate financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) and small corporate in Nigeria through providing financing, partial credit guarantees and technical assistance to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.

The Development Bank of Nigeria (DBN) was set up as a wholesale development finance institution (DFI) to provide sustainable financing through eligible Participating Financial Institutions (PFIs), who would in turn, lend to end-borrowers – Micro, Small and Medium Enterprises (MSMEs) for the development of that segment….

Who qualifies for the DBN loan?

All MSMEs (start up or existing) involved in productive enterprises are eligible for the loan. However, they must be customers of eligible financial institutions.

Loan Repayments and interest rate

DBN loan repayment tenure is flexible (up to 10 years with a moratorium period of up to 18 months) and the interest rates are on a market-conforming and fully financially sustainable basis. (should you have any issues with your PFI, kindly send feedback to the email ID at the end of this piece).

How to get a DBN Loan

DBN loans can be accessed through PFIs, which include Commercial Banks, Microfinance Banks, Development Finance Institutions (DFIs) and other Financial Institutions.

To access the loan:

1. Visit your bank:

Commercial Bank, Microfinance Bank, Development Finance Institution (DFI) and other Financial Institutions and indicate you want to apply for a DBN Loan.

2. The Bank appraises the business and loan purpose, and if its assessment is favourable, the Bank applies to DBN on your behalf for funding.

3. If DBN approves the loan, DBN will disburse to the Bank for on-lending to end borrowers.

You can access the DBN loan through any of these PFIs by contacting any of the banks listed below:

DiamondBank Olc

Ayodele Olojede – aolojede@diamondbank.com

Ecobank Nigeria Bank Plc

Nelson Paseda – NPASEDA@ecobank.com

LAWAL Theresa – TOLAWAL@ecobank.

Fidelity Bank Plc

Osaigbovo Omorogbe – osaigbovo.omorogbe@fidelitybank.ng


Oluwaseun Adetiba – Oluwaseun.Adetiba@fcmb.com

Oluremi Agboola – Oluremi.Agboola@fcmb.com


Adegoke Bayo – bayo.adegoke@ubagroup.com

Wema Bank Plc

Dotun Ifebogun – dotun.ifebogun@wemabank.com

AB Microfinance Bank Nigeria Ltd

Nnadozie Joseph – nnadozie.ohaji@ab-mfbnigeria.com

Addosser Microfinance Bank

Olusola Howells – howells.olusola@addosser.com

Baobab Microfinance Bank

Achenyo Oyibo – aoyibo@baobab.bz

Bosak Microfinance Bank

Toyin Peters – toyinpeters@bosakmfb.com

Infinity Microfinance Bank Ltd

Oludotun Adewunmi – g.adewunmi@infinitymfb.com

LAPO Microfinance Bank Ltd

Efosa Aigbe – efosa.aigbe@lapo-nigeria.org

Microcred Microfinance Bank Nigeria Ltd

Omar Niaz – oniaz@microcred.com

NPF Microfinance Bank Plc

Jude Ohanehi – jeco0072000@yahoo.co.uk

Quick Contact

Our support is available to you.

8am – 5pm, Monday – Friday

Head Office:

The Clan Place,

Plot 1386A Tigris Crescent, Maitama, Abuja, Nigeria

Lagos Office:

Plot 952/953 Idejo Street,

Victoria Island, Lagos, Nigeria

Call: +234-9-904-0000, +234-811-3841-699

Email: info@devbankng.com

FIRS Director nabbed and arrested over N5 million tax fraud

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On January 29, 2016, The Economic and Financial Crimes Commission, EFCC, arrested Abumere Joseph Osagie, The Deputy Director, Regional Tax Office, Federal Inland Revenue Service, FIRS, in a case of abuse of office and bribery.

The suspect was picked following a complaint about his attempt to extort a university proprietor N5 million.

Osagie and Jamila Ojora had on January 27, 2016 allegedly approached Senator Ahmed Datti, the Chancellor of Baze University, Abuja and gave him a tax assessment of N20,029,496 through a letter of intent, which he paid.

However when he requested for the assessment certificate, they refused to oblige him. Instead they allegedly demanded for N5 million gratification.

All pleas by him fell on deaf ears. Consequently, the Chancellor of the University then petitioned the EFCC, and was advised to play along (Just like in Farouk Lawan and Femi Otedola case).

Consequently, a  bribed of N5 Million was arranged and marked (to serve a evidence) and was delivered to the director (Osagie) through Ojora in a sting operation (some of you will call this a set-up).

Ojora was arrested after she collected the N5m. His confession later led to the arrest of Osagie.

The houses of the suspects were searched by operatives of the EFCC, and documents were recovered.


As a Tax Consultant, this menace has been in Tax Practice for long and I must commend the effort of the Chancellor for taking up this matter. I enjoin all Tax Payer to emulate him and join in the battle of fighting corruption. I keep-on educating Tax Payer that having additional Tax Liability as a result of Tax Audit or investigation conducted is not a crime and does not mean heaven will fall. There are laid down procedures to address excessive Tax Liabilities. Tax Liability given by tax officer who conduct Tax Audit is not FINAL and CONCLUSIVE. The process can be taken away from them and handled with another bodies for intervention (just like you have hierarchy of court, to further your case if not satisfied with decision of lower court).

But because TaxPayers in Nigeria does not know their right, overzealous Tax Officials, while sitting at his desk can use the Letter Head of his office and send out harrassment letters to Tax Payers with the sole aim of scaring them with tax issues and at the end of the story the case will be settled via bribe. This is gross abuse of office. No matter how you present documentations to defend your position, the corrupt tax officers will still use the MIGHT of their office to insist that their findings is FINAL and CONCLUSIVE. The experience in Lagos state is more of concern. Lagos state will go to the back-door to obtain Ex-Parte order to lock down your office with the intention to force you to come to their office and do a gentleman’s negotiation (Bribe).

Over the years, Tax Officers has been in total control of Tax Practice, you find them acting also as Tax Consultant and/or Tax Practitioners while still in the employment of FIRS. Some even act as Auditor by preparing Audited Account right in their office. They do this by picking a copy of Audited Accounts already filed with them by a Chartered Accountants and merely change the Name of the Company and other unwanted information. The consequence of this is that the Chartered Accountants are left with no jobs to do and if they have at all, they will be at the mercy of Tax Officers who controls every aspect of Tax Practice.

The former FIRS Chairperson, Mrs Ifueko Omogui-Okauru introduce some reforms to address this issue and equally increase the salaries of the Tax Officers and other work conditions. During her tenure, I as a Tax Consultant experience huge sanity in the system. Collection of TAX CLEARANCE CERTIFICATE was never an herculean task. The closest FIRS chairman that emulated Omogui philosophy was Samual Ogungbesan who merely acted in Acting capacity before handing over to the present FIRS Chairman Tunde Fowler.

My conclusion is that, all Tax Payers should stand up for their right, they should ensure they pay legitimate taxes and ready to to fight the CORRUPTION aspect of the system (just like the Chancellor did in the case above). Together, we can help the present administration in the fight against corruption by doing our part such as saying NO to paying bribes and accept to do the RIGHT THING at all times.

Tax system is never meant to be used as a weapon to oppress and enrich the few, it is meant to manage the income inequality and source of revenue to Government, therefore Tax System should wear HUMAN FACE. In this era of relying on taxes to fund Government’s budget amidst corrupt tax officers, Tax Payer should expect though times and be ready to do what the Chancellor has done per above in order to survive the corruption in the Tax System.

Thank you



Bank of Industry (BOI) Graduate Entrepreneurship Fund (GEF) 2015 Call for Entries

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Ajuwaya! If you could recall, on October 5, 2015, The Graduate Entrepreneurship Fund (GEF) was launched.

The Graduate Entrepreneurship Fund (GEF) is a special N2 billion empowerment programme for serving members of the National Youth Service Corps (NYSC). This novel schemes which is a joint initiative of the Bank of Industry (BOI) and the National Youth Service Corps (NYSC), was aimed at the following objectives:

To encourage graduates of tertiary institutions currently undergoing the compulsory one-year NYSC programme, to venture into business and become employers of labour rather than job seekers.

To address the entrepreneurship capacity gap o the NYSC members who are expected to produce bankable business plans after a three-day capacity building programme 

To deepen financial inclusion by de-risking the NYSC members and making them eligible for concessional loans ranging between N500,000 and N2 million to be provided by BOI

To ensure sustainability of the businesses of the eventual loan beneficiaries through effective monitoring by the NYSC Directorate and BOI

The GEF Programme comprises the following activities:

Online Business Plan Competition to select the most promising real sector business ideas,

Selection/screening of participants per above shall be done via the GEF online application portal.

Three days intensive entrepreneurship capacity building programme

Loan amount of up to N2 million to be provided to each successful participant with bankable business plans within BOI’s 35 SME clusters (list at BOI’s website: www.boi.ng) at an interest rate of 9% per annum, with tenors ranging from 3-5 years inclusive of 6 – 12 months moratorium period.

The capacity building programme is scheduled to hold simultaneously at the following venues:


S/N Geo-Political Zone NYSC Camp Location
1 South South Former Martins TIC, Issele-Uku, Aniocha North L.G.A, Delta State.
2 South East Umunna, Bende L.G.A, Abia State.
3 South West Aisu College Hospital Road, Ede, Osun State.
4 North East Government College, Jalingo, Taraba State.
5 North Central Mangu, Plateau State.
6 North West Main Road, Katsina, Katsina State.
7 Lagos Iyana Ipaja, Agege, Lagos State.


NOTE: The Entrepreneurship Capacity Building Programme will take place at the above stated centres between 18th – 20th November, 2015.

Interested serving NYSC members are hereby requested to apply online immediately through http://www.boi.ng/gef/

[plulz_social_like width="350" send="false" font="arial" action="like" layout="standard" faces="false" ]Application Closing Date

3rd November, 2015.






91 Companies Bid for NNPC Coastal, Bunkering Vessels Service Contract

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The Nigerian National Petroleum Corporation has begun the public opening of technical bids submitted by 91 companies to secure contract for the provision of Coastal and Bunkering Vessel Services. The coastal and bunkering services were for the operations of the Pipelines and Products Marketing Company, (PPMC), a subsidiary of the NNPC.

The Nigerian National Petroleum Corporation, NNPC on Thursday 22nd of October, 2015 embarked on the public harvesting of technical bids submitted by a total of 91 companies consisting largely of indigenous vessel owners vying to secure contract for the provision of Coastal and Bunkering Vessel Services for the operations of the Pipelines and Products Marketing Company, PPMC, a subsidiary of the NNPC.

The bid exercise, according to the corporation, seeks to engage the services of reputable organisations with essentially three ranges of deadweight tonnage – 5,000 to 8,000DWT; 10,000 to 20,000DWT; and 25,000 to 50,000DWT.

The exercise which was conducted at the Corporate Headquarters of the NNPC in Abuja in the full glare of representatives of the bidding companies also had officials of the Bureau of Public Procurement, BPP and the Nigerian Extractive Industry Transparency Initiative, NEITI as independent assessors.

The coastal vessel was designed to evacuate petroleum products from NNPC coastal refineries to various discharge ports in Nigeria or outside Nigeria as may be designated by PPMC and undertake the delivery of petroleum products to water fed depots with restricted draft jetties of 6 to 11 metres. The vessels would also conduct ship-to-ship transfer of cargo from import tankers and discharge same at waters depots among other functions.

The desired bunkering vessel services would also entail the loading of Automated Gas Oil Ago and low Pour Fuel Oil (LPFO) from water-fed refineries for bunkering purposes. The vessel would also supply bunkers to NNPC owned and chartered vessels as required on a monthly basis.

Other responsibilities of the vessel included the keeping of accurate accounts for AGO and LPFO loaded and supplied to NNPC Vessels as well as forwarding records of the bunkering activities to marine transport department of the PPMC on a monthly basis[plulz_social_like width="350" send="false" font="arial" action="like" layout="standard" faces="false" ]