Consultants at the Development Bank of Nigeria (DBN)

Development Bank of Nigeria exists to alleviate financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria through providing financing, partial credit guarantees and technical assistance to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.We are recruiting to fill the position below:Job Title: ConsultantReference Number: NG-DBN-106620-CS-QCBSLocation: NigeriaAssignment Title: Nigeria - Technical Assistance to Participating Financial Institutions to Expand their Lending to Target Micro, Small and Medium Enterprises (MSMEs).DetailsThe Federal Government of Nigeria (FGN) has obtained a loan from the International Bank for Reconstruction and Development (IBRD) and intends to apply part of the proceeds of this loan to engage a qualifed consulting firm for the implementation of technical assistance (TA) for commercial bank downscaling aimed at expanding their lending to MSMEs on sustainable and commercially viable terms. The goal of the technical assistance program is to augment the level of formal credit and other financial services being made available to MSMEs by improving the long-term capacity of banks to profitably and sustainably serve this market segment.This technical assistance is to be delivered in the context of the establishment of the Development Bank of Nigeria (DBN), a wholesale development bank licensed by the Central Bank of Nigeria, that provides long term financing and partial credit guarantees to eligible financial intermediaries for onlending to MSMEs. The establishment of the DBN is supported with projects funded by the World Bank and other development partners, including the African Development Bank (AfDB), European Investment Bank (EIB), German Development Bank (KfW) and French Development Agency (AFD) with a combination of equity, debt financing, and technical assistance support.The DBN, which is the implementing entity for the technical assistance component of the project, has selected five commercial banks that are eligible and interested in the downscaling technical assistance program. The profiles of the selected commercial banks will be provided in the Request for Proposal stage which will be sent to short-listed firms, following this Expression of Interest stage.An indicative list of the consulting services (“the Services”) to be provided to each of the five commercial banks over a period of up to 24 months includes:Institutional assessments of each of the selected commercial banks to determine specific strengths, weaknesses, technical shortcomings and gaps, including staffing level and capacity for lending to MSMEs;Formulation of a detailed Technical Assistance (TA) plan which outlines measurable goals and objectives to be accomplished within a defined time-frame, including certain time-bound deliverables on part of the commercial banks;Inputs to the Technical Cooperation Agreements (TCA) to be signed between each commercial bank and the DBN, outlining agreed services to be provided and commercial bank obligations under the technical assistance programs;Implementation of initial TA plans, including pilot testing of new products and services which could include: a) modified or revised processes and procedures for loan eligibility, loan criteria for MSME products and services, product and service pricing, client documentation requirements and loan review cycle procedures; b) strategies for expanding outreach to women-owned/operated MSMEs and deployment of digital financial services; c) training and mentoring of account officers, relationship managers, branch managers, MSME managers, credit committee and risk management staff; d) development of manual and automated credit analysis tools and redesigned reporting formats; e) MSME segmentation development, segment targeting, product design and/or modification; e) advice to client MSMEs, in the context of the loan application process, on relevant requirements (e.g.adequacy of financial records) for accessing loans; and f ) enhancing technology platforms for data analysis.Design and Implementation of the TA in the roll-out phase for each bankCompletion report including evaluation of each commercial bank capacity for MSME lending.The details of above outlined services are described in detailed terms of reference which can be found on DBN’s website at the following link https://bit.ly/2JDtLoB 

Apply at https://ngcareers.com/job/2019-07/consultants-at-the-development-bank-of-nigeria-dbn-6/

Consultants at the Development Bank of Nigeria (DBN)

Development Bank of Nigeria exists to alleviate financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria through providing financing, partial credit guarantees and technical assistance to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.We are recruiting to fill the position below:Job Title: ConsultantReference Number: NG-DBN-106620-CS-QCBSLocation: NigeriaAssignment Title: Nigeria - Technical Assistance to Participating Financial Institutions to Expand their Lending to Target Micro, Small and Medium Enterprises (MSMEs).DetailsThe Federal Government of Nigeria (FGN) has obtained a loan from the International Bank for Reconstruction and Development (IBRD) and intends to apply part of the proceeds of this loan to engage a qualifed consulting firm for the implementation of technical assistance (TA) for commercial bank downscaling aimed at expanding their lending to MSMEs on sustainable and commercially viable terms. The goal of the technical assistance program is to augment the level of formal credit and other financial services being made available to MSMEs by improving the long-term capacity of banks to profitably and sustainably serve this market segment.This technical assistance is to be delivered in the context of the establishment of the Development Bank of Nigeria (DBN), a wholesale development bank licensed by the Central Bank of Nigeria, that provides long term financing and partial credit guarantees to eligible financial intermediaries for onlending to MSMEs. The establishment of the DBN is supported with projects funded by the World Bank and other development partners, including the African Development Bank (AfDB), European Investment Bank (EIB), German Development Bank (KfW) and French Development Agency (AFD) with a combination of equity, debt financing, and technical assistance support.The DBN, which is the implementing entity for the technical assistance component of the project, has selected five commercial banks that are eligible and interested in the downscaling technical assistance program. The profiles of the selected commercial banks will be provided in the Request for Proposal stage which will be sent to short-listed firms, following this Expression of Interest stage.An indicative list of the consulting services (“the Services”) to be provided to each of the five commercial banks over a period of up to 24 months includes:Institutional assessments of each of the selected commercial banks to determine specific strengths, weaknesses, technical shortcomings and gaps, including staffing level and capacity for lending to MSMEs;Formulation of a detailed Technical Assistance (TA) plan which outlines measurable goals and objectives to be accomplished within a defined time-frame, including certain time-bound deliverables on part of the commercial banks;Inputs to the Technical Cooperation Agreements (TCA) to be signed between each commercial bank and the DBN, outlining agreed services to be provided and commercial bank obligations under the technical assistance programs;Implementation of initial TA plans, including pilot testing of new products and services which could include: a) modified or revised processes and procedures for loan eligibility, loan criteria for MSME products and services, product and service pricing, client documentation requirements and loan review cycle procedures; b) strategies for expanding outreach to women-owned/operated MSMEs and deployment of digital financial services; c) training and mentoring of account officers, relationship managers, branch managers, MSME managers, credit committee and risk management staff; d) development of manual and automated credit analysis tools and redesigned reporting formats; e) MSME segmentation development, segment targeting, product design and/or modification; e) advice to client MSMEs, in the context of the loan application process, on relevant requirements (e.g.adequacy of financial records) for accessing loans; and f ) enhancing technology platforms for data analysis.Design and Implementation of the TA in the roll-out phase for each bankCompletion report including evaluation of each commercial bank capacity for MSME lending.The details of above outlined services are described in detailed terms of reference which can be found on DBN’s website at the following link https://bit.ly/2JDtLoB 

Apply at https://ngcareers.com/job/2019-07/consultants-at-the-development-bank-of-nigeria-dbn-6/