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Provision Of Medium & Long-Term Loans

To fuel the economy of the North, NNDC always provides medium and long term loans to small and medium scale business owners in various economic sectors including agriculture, technology, tourism and mining, thereby allowing for the creation improvement or development of a business activity. At NNDC, it is a moral responsibility towards supporting growing companies to obtain a strong foothold in the market, as we believe that entrepreneurship and innovation are fundamental attributes of a dynamic and progressive society. We provide Medium and long term loans to assist clients obtain home mortgages and business development loans to expand their businesses.

 

EQUITY PARTICIPATION

We provide the lender with additional loan incentive and make the process of obtaining a business loan more viable for our clients by providing innovative and structured loan programmes such as, the purchase of shares through options or by allowing partial ownership in exchange for financing.

 

PROVISION OF BANK GUARANTEE

We issue all types of guarantees used in both local and international practice and stipulated by law: Payment guarantee, Bid bond (tender guarantee), Advance payment and repayment guarantee, Performance guarantee (performance bond). A bank guarantee enables the customer (debtor) to acquire goods, buy equipment, or draw down loans, and thereby expand business activity, paving the way of ensuring of liabilities fulfillment in compliance with which guarantee bank undertakes money liabilities towards Beneficiary to pay funds for Principal (Client) in case of non-fulfillment by the latter of its liabilities in full amount or its part, on presentation by Beneficiary of requirement and compliance with all terms foreseen by guarantee. By providing you with a Bank Guarantee, you free up precious working capital.

 

PROJECT PLANNING AND IMPLEMENTATION

Project planning is a procedural step in project management where required documentations are created to ensure successful project completion. At NNDC, all projects are supervised by professionals, ensuring that any unforeseen conflict that might arise during this stage is resolved. We also ensure transparency with regard to finances and that new infrastructure; new institutions and new resources are sustainable in every aspect.

 

FEASIBILITY REPORTS WRITING

We provide evaluation and analysis of the potential of a proposed project that is based on extensive investigation and research to support the process of decision making. This is with the view to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the environment, the resources required to carry through, and ultimately the prospects for success.

 

CONSULTANCY SERVICES ON FINANCIAL INVESTMENTS

NNDC has the capability to undertake assignments ranging from reviewing an organization’s financial planning structure and processes through to providing on-site interim financial expertise on a day-to-day basis. The elements of financial management in which we are able to provide specialist support for existing and new organisations include: • Financial forecasting and planning • Business planning - constructing plans and critically reviewing existing plans • Financial due diligence • Treasury management • Financial controls and systems development • Development of business cases • Drafting and agreeing financial regulations

 

LEGAL AND SECRETARIAL SERVICES

We have the resource and expertise to assist with all types of legal and secretarial projects, including: • Compliance audits and Statutory book reviews • Company incorporations, Name Changes and Re-registrations • Changes to a Company’s Constitution, Directors and Secretary and Share Capital • Group company restructuring and re-organization • Administration of Shareholder registers We also provide full secretarial compliance services, which reduces administrative burden, costs and minimizes risk for our clients. This includes: • Maintaining the statutory registers and records (in electronic form where applicable) • Maintaining hard copies of the statutory books and records • Annual accounts approval and filing process • Drafting documents for annual general meeting • Monitoring Companies House filings to help combat corporate identity fraud

 

DEVELOPMENT OF MANAGEMENT AND TECHNICAL SKILLS

To run a successful business you need a diverse range of business management and technical skills. Technical skills are the knowledge and capabilities to perform specialized tasks related to a specific field. Management often needs to have technical skills in order to communicate effectively with line workers and coordinate efforts. One of the core beliefs of NNDC Groups is that management functions are not limited to managers and supervisors. Every member of the organization has some management reporting functions as part of their jobs.

 

PROMOTION OF AGRICULTURE AND AGRO-ALLIED PROJECTS

We trade in produce of the highest quality, sourced from farms across Nigeria that meet up with the industry standards and farming processes, as laid down by regulatory bodies both locally and internationally. We ensure our products are preserved under the best of conditions from harvest period to delivery to our customers. As a registered member of the Cotton and Agricultural Processors Limited, NNDC is positioned to export quality agricultural produces from Nigeria to foreign countries, where they can be used as raw materials or ingredients in the manufacturing of food and products such as Chocolates bars, food ingredients, lotions etc. The company is managed by a group of professionals in the field of Agro-Allied businesses with distinguished personalities on its board.

 

HOTELS DEVELOPMENT AND MANAGEMENT

At NNDC Group, we not only oversee and orchestrate the successful performance of our own hotels, we also provide management services to our operating partners. We offer professional management services of the highest standard for hotel owners as an alternative option. NNDC Group's fast-expanding national hotel portfolio heralds an exciting alternative for discerning hotel owners looking to re-establish their hotel's luxury positioning, or seeking an alternative to multi-tiered hotel management companies. We help uncover the hidden revenue potential of your hotels while taking a strategic overview and planning ahead to maximize profits. Our focus is to work with prospective partners who own three to five-star hotels or properties with the potential and intent to upgrade to the luxury hotel category. Uniquely, NNDC Group pledges a management commitment that seeks to protect the property as well as the brand. We are in the business of building longstanding, mutually trusting relationships - not arrangements of temporary convenience.

 

Prospecting, Mining, Processing & Exporting Of Solid Minerals

Nigeria is richly endowed with a variety of solid minerals of various categories ranging from precious metals to various stones and also industrial minerals such as barytes, gypsum, kaolin and marble. Much of these are yet to be exploited. Statistically, the level of exploitation of these minerals is very low in relation to the extent of deposits found in the country. One of the objectives of NNDC on processing and exporting of Solid Minerals is to ensure the orderly development of the mineral resources of the country. THE SOLID MINERALS PROJECT: The Federal Government of Nigeria in efforts to repositioning the Solid Minerals Sector as one of the key drivers of the economy, had embarked on a far reaching reform that will enable the private sector play a pivotal role in the growth and development of the sector. In recognition of NNDC’s role in the Mining Sector, the Mining Cadastre Office of the Federal Ministry of Mines & Steel Development invited NNDC to express interest in the acquisition of Mineral Titles through competitive bidding process. NNDC bidded for 19 Mineral Titles in 11 Northern States and won all as shown below:

S/N

MINERAL PROPERTY

STATE

LOCATION

1

Baryte

Benue

Gbajumba

2

Baryte

Benue

Gboko

3

Baryte

Benue

Lessel

4

Baryte

Nasarawa

Azara

5

Baryte

Nasarawa

Wuse

6

Baryte

Jigawa

Birnin kudu

7

Baryte

Taraba

Wukari

8

Baryte

Plateau

Langtang

9

Baryte

Zamfara

Anka

10

Bentonite

Kogi

Ayaba

11

Bentonite

Borno

Monguno

12

Bentonite

Borno

Damboa

13

Bentonite

Borno

Kukawa

14

Bentonite

Adamawa

Gudu

15

Tantalite

Plateau

Jos

16

Tantalite

Nasarawa

Wamba

17

Gold

Kaduna

Birnin Gwari

18

Gold

Kaduna

Birnin Gwari

19

Iron ore

Katsina

Gyaza

 

PROGRESS MADE SO FAR

In furtherance of fulfilling the requirements of Nigerian Minerals and Mining Act, 2007 vested   on the holders’ of Mineral Exploration License, NNDC had concluded the pre-development conditions on the Licenses Areas. These pre-development conditions are:

  • Payment of Annual Service on the Mineral Licenses;
  • Carried out the Laboratory Analyses on the Mineral Samples; and
  • Conducted the Reserve Estimation Exercise on the mineral License Areas.

From the result of the Laboratory Analyses, aside the Birnin Gwari Gold deposits I & II which the mineral areas needs to be re- evaluated, all the remaining 17 mineral samples are of high grade and are worth exploring vigorously.

Also the result of the reserve estimation Exercise on the 19 mineral title areas, aside from Birnin Gwari Gold deposits I & II which showed traces of the deposit, all the remaining 17 mineral deposits occur in excess of million tonnes of total reserves which are commendable and economically mineable as indicated in the table below:

S/N

MINERAL PROPERTY

STATE

LOCATION

RESERVE ESTIMATE (MILLION TONNES)

1

Baryte

Benue

Gbajumba

3.5

2

Baryte

Benue

Gboko

2.9

3

Baryte

Benue

Lessel

3.3

4

Baryte

Nasarawa

Azara

4.8

5

Baryte

Nasarawa

Wuse

3.6

6

Baryte

Jigawa

Birnin kudu

1.7

7

Baryte

Taraba

Wukari

3.1

8

Baryte

Plateau

Langtang

2.8

9

Baryte

Zamfara

Anka

2.5

10

Bentonite

Kogi

Ayaba

3.7

11

Bentonite

Borno

Monguno

3.5

12

Bentonite

Borno

Damboa

3.7

13

Bentonite

Borno

Kukawa

3.2

14

Bentonite

Adamawa

Gudu

2.3

15

Tantalite

Plateau

Jos

0.37

16

Tantalite

Nasarawa

Wamba

1.1

17

Gold

Kaduna

Birnin Gwari

Trace

18

Gold

Kaduna

Birnin Gwari

Trace

19

Iron ore

Katsina

Gyaza

0.79

 

CONSTRUCTION SERVICES AND REAL ESTATE DEVELOPMENT

Through the strength and expertise of our people, NNDC has sustained its business success providing innovative construction solutions to complex infrastructure projects across the nation for decades. Trusted and respected industry nationwide, NNDC provides construction services to many of Nigeria’s infrastructure projects. The people who make up the team embody our values of strength, passion and performance, which have contributed significantly to the progressive growth. Whatever your project is, we have the experience to do it through our various contracting modes including general contracting/bid build, design –build and public – private partnership. Our greatest competitive advantage is the expertise and passion of our people. NNDC provides the following services in construction: CIVIL: • Construction of Roads • Bridges (Pedestrian and Vehicular) • Culverts and Drainages channels • Warehouses • Hangers BUILDING: • Residential Building (Estates, Low-cost Unit houses, Executive Suites) • Offices (Construction, Interior Decoration, Furniture, Space Management) • Commercial Building (Partitions, Alubond Installations) • General Building Maintenance Services • Procurement

 

CONSOLIDATION AND GROWTH STRATEGY

NNDC is embarking on a renewed strategy of consolidation and growth through which it plans to increase its investments within specific sectors of the economy. This will include growing some of its current investments, as well as commissioning new investments such as shopping malls, housing estates, crop processing plants, commodity exchanges and other targeted regional capacity development initiatives.

 

NEXT 5 YEARS:

We will over the next 5 years, focus on Agriculture, Real Estate and Hospitality. However, initiatives centred on long-term investments in other sectors such as: • Power Generation and Distribution • Oil and Gas exploration • Telecommunication and Mining; will also be initiated. This is particularly important because other sector contributions to economic growth are likely to increase as the impacts of on-going government initiatives begin to take effect.

About

New Nigeria Development Company (NNDC) is a conglomerate owned by the 19 Northern States of Nigeria. It has interests in Agriculture, Textile, Solid Minerals, Oil & Gas, Capital Markets, Hospitality, Mining, Telecommunications among other business fields.

 

GET IN TOUCH

  • Ahmed Talib House,
       18/19 Ahmadu Bello Way, Kaduna,
       Kaduna State - Nigeria
  • Phone: (+234) 812 727 6497
  • Email: nndc@nndcgroup.com.ng

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