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BPP To Sanction MDAs Over Violation Of Standard Bidding Guidelines …..Seeks Public Input To Draft Bidding Documents

    The Federal Government has threatened that effective from 2023,  Ministries, Departments and Agencies (MDAs) that failed to adopt the reviewed Standard Bidding documents would be sanctioned. Director General of the Bureau of Public Procurement (BPP), Dr. Mamman Ahmadu, who made this disclosure at a stakeholders’ Workshop on the Review of Draft Standard Bidding […]

Budgeting Economy News Extra Latest News National Assembly Political Economy Revenue

Senate Passes PPA 2007 Amendment Bills, To Pass 2020 Budget Thursday

The Senate on Wednesday during plenary passed the Public Procurement Act 2007 amendment bills even as it had scheduled the passage of the 2020 Appropriation Bill for Thursday, December 5, 2019 The passage of the Public Procurement bills by the upper chamber was sequel to presentation and consideration of the report of the Senate Committee […]

Economy News Extra Latest News Maritime National Assembly Transportation

Reps Probe Transport Ministry, NIMASA Over Alleged $195Mn Contract Scam

The House of Representatives on Thursday directed its Committees on Marine and Institutions and Public Procurement to commence immediately a probe into the $195 million security contract allegedly awarded to an Israeli outfit to provide security and surveillance on Nigeria’s waterways. The probe of the contract awarded by the Ministry of Transportation was based on […]

Budgeting Economy News Extra Latest News Political Economy

Procurement Bureau Saves N26.86Bn On Federal Contracts In 2018

The Bureau of Public Procurement (BPP) has reported that it reduced the cost of federal contracts in 2018 by over N26.86 billion after revising contract sums in various Ministries, Departments and Agencies (MDAs) submitted by contractors. The bureau, which disclosed this in its just published 2018 Annual Report, stated that in the year under review, […]

Budgeting Latest News National Assembly Political Economy

Buhari Rejects N/Assembly’s Approval Of N488.7Bn Refund To States

President Muhammadu Buhari on Tuesday rejected the National Assembly’s approval for refund of N488.7 billion to state governments for projects they executed on behalf of the Federal Government in their domains. The President, who communicated his decision on the matter through a letter read by the Senate President, Sen. Bukola Saraki, at plenary on Tuesday, […]