Two companies, KPMG Professional Services and DevPar Financial Consulting Limited, have emerged winners of the financial bidding of $1.3million to retool the Nigeria’s Bank of Agriculture (BoA).
The companies emerged winners of the capacity building and institutional strengthening project of African Development Bank (AfDB) after scoring 84.5 and 76.63 points respectively in accordance with the financial guidelines of the AfDB.

The Managing Director of AfDB, Alhaji Kabir Adamu, while speaking in an address at the opening of the financial bid for the selection of consultants in Kaduna, said, “The project which is aimed at building the capability of the bank is apt at this time in Nigeria with the renewed commitment by all stakeholders to agriculture as the main stay of the Nigerian economy.
“This project is one in which the Federal Government of Nigeria, through the Bank of Agriculture, has received financing from the African Development Bank (AfDB) towards the cost of the BOA-Institutional Strengthening and Capacity Building Project.”
Represented by the Executive Director, Retail Services, Emmanuel Ameh, the MD said the support would assist the bank to carry out necessary reforms and be empowered and to achieve the long term goal of creating an efficient and effective institution capable of seizing the huge opportunities in the agricultural financing space in the world.
Adamu said the financial bid was the outcome of the search for a reputable consulting firm for this assignment using the African Development Bank procurement guidelines in line with the Federal Government and the AfDB.
The consultant, Mrs. Mary Asanato-Adiwu, said only two firms met the requirement for the financial bidding out of the four companies which submitted documents for the bidding process.