Departments

DEVELOPMENT INSTITUTIONS AND NATURAL RESOURCES DEPARTMENT

Units

  1. Development Financial Institutions (DFI’s) & Lagos International Trade Fair Complex
  2. River Basin Development Authorities & National Parks
  3. Federal Housing Authority, Federal Mortgage Bank of Nigeria & Tafawa Balewa Square Complex
  4. Stadia & National Arts Theatre

Core Duties
DINR Department is entrusted with the following responsibilities:

  • Restructuring and Recapitalization of the Enterprises under DFI’s unit such as Bank of Industry , Bank of Agriculture & Nigeria Commodity Exchange (NCX);
  • Concession of the National Facilities such as six (6) National Stadia, Lagos International Trade Fair Complex, Tafawa Balewa Square & National Arts Theatre;
  • Partial Commercialisation of the National Parks Services, and the Seven (7) National Parks as well as the concession of the Eco-Tourism activities in Three (3) selected Parks;
  • Reform and full Commercialisation of the Housing Sector such as Federal Housing Authority & Federal Mortgage Bank of Nigeria;
  • Partial Commercialisation of the Twelve (12) River Basin Development Authorities (RBDAs).

Enterprises Include:

  • Lagos International Trade Fair Complex (LITFC)
  • Tafawa Balewa Square
  • National Arts Theatre
  • National Parks (7)
  • Stadia (6)
  • Bank of Industry
  • Bank of Agriculture
  • Federal Housing Authority
  • Federal Mortgage Bank of Nigeria
  • River Basin Development Authorities
  • Nigeria Commodity Exchange

Ongoing Transactions and Achievements 

  • National Parks– Engaged Transaction Adviser for the partial commercialsation of the parks;
  • Federal Housing Authority-Receiving  of nominations for the steering committee of the Housing Sector and receiving of nominations of Project Advisory team for FHA;
  • River Basin Development Authorities– Engaged Transaction Adviser for the partial commercialisation of the four (4) selected RBDAs pilot phase.
  • NCX– Strategic investment by NISA is ongoing.
  • LITFC– Engaged Transaction Adviser for LITFC concession.
  • BOA– Developed TOR for the appointment of Financial Advisers for the restructuring and recapitalization of BOA.

Future Transactions  

  • FMBN– Awaits the inauguration of Project Advisory Team (PAT) to kick-start the meeting of PAT.
  • National Arts Theatre-Awaiting the outcome of the pending litigation on the matter to determine the next course of action for the concession.
  • Stadia– Awaits the decision of Council on the Bureau’s mandate to concession the six (6) stadia.
  • Housing Sector Reform– Upon inauguration, the PAT will review the various activities in the sector and commence the engagement process for recruitment of a transformation consultant.