Ramadan Kareem

FEC Considers Increase In Procurement Threshold For MDAs

Temitope Mustapha,Abuja

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The Federal Executive Council is considering a process of reviewing threshold for Ministers to reduce memos related to procurement and give more attention to policy considerations.

Following this development, the Minister of Information and National Orientation,Mohammed Idris disclosed that the President, Bola Tinubu is looking to operationalise the National Council on Procurement.

Idris disclosed these to journalists at the State House, Abuja, after Wednesday’s FEC meeting, noting that a significant portion of memos brought before the council are contract approvals related.

He said this will give room for more detailed discussions on policy issues and reduce some of the memos presented to the council, thereby increasing the threshold of procurement processes to be executed at the ministerial level.

“You will notice that so many of these memos coming to the council are related to procurement contracts at the FEC level. So FEC thought that it is good to review that so that more time will be given to policy discussions at different Executive Council meetings”, Idris said.

The proposal, still under deliberation, seeks to empower ministers and heads of MDAs with higher approval limits, reducing the frequency of procurement-related memos reaching the FEC.

“The idea is that it’s not yet conclusive what the final decisions are, but there is a very fruitful debate led by the chairman of the council, Mr. President himself, to review that so that we can have more time for policy discussions at the Federal Executive Council meetings,” he stated.

Idris further revealed that the Director-General of the Bureau of Public Procurement (BPP) and relevant ministers have been tasked with working out more details for final approvals.

“If you observed, all the memos presented here largely related to procurements, and so we want that to be decongested at the Federal Executive Council level.

The move is to enhance the efficiency of FEC meetings, ensuring that more attention is devoted to strategic policy matters crucial to national development.

 

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