FEC Sets Up Committee To Review Public Procurement Acts

 

The Federal Executive Council Meeting has set up a committee under the chairmanship of the Attorney General of the Federation and the Minister of Justice, Lateef Fagbemi to review Nigeria’s public procurement act.

The Minister of Budget and National Planning, Atiku Bagudu made this known on Wednesday after the Executive Council Meeting presided over by President Bola Tinubu at the Council Chamber of State House, Abuja.

Bagudu also disclosed that President Tinubu also directed that all Ministries, Departments and Agencies should review their intended procurement as provided for in the appropriation such as to bridge the gaps between appropriated sums and sums required to execute the projects.

He added that this will enable a clear source of funding and support the timely harmonisation of memos by both the Federal Ministries of Finance and the Ministry of Budget and National Planning before subsequent submission and presentation to the Executive Council.

“However, after a robust discussion, the president directed that all ministries department and agencies should review their intended procurement as provided for in the appropriation such that where there are gaps between appropriated sums and sums required to execute the projects, that can be brought to the attention of both the Ministry of Budget and National Planning and Federal Ministry of Finance, such that the memo that the cabinet secretariat will provide to the FEC, will have clarity of where funding is expected to come from and recommendation to guide effectively the Federal Executive Council decision” He added.

 The Minister further made known that  President Tinubu also directed that the report of the public procurement committee be provided to him to make decisions accordingly.

The Chairman of the Committee, The Minister of Justice and Attorney General of the Federation, Lateef Fagbemi, in his remark, stated that  law is dynamic and the  government is considering timeliness in the review to further amend the  confirmations of projects to modern realities

“We want to ensure that whatever is coming to the FEC is in line with the budgetary provisions Some of the projects have been there for close to 13 years

The Minister said the amended to the BPP Act will eliminate delays in the execution of infrastructural projects by ensuring that timelines are adhered to from the conception to the final execution of projects

“The timelines are being worked out and streamlined, because these projects have been there for several years, they now require either a variation, augmentation and review.

What Council’s decision is, is to ensure that those projects are streamlined, to ensure that no projects go beyond the budget cycles.

He added the Ministers of Finance and Coordinating Ministers of the Economy, Budget and Planning as well as those of Works have been mandated to serve as a clearing house before they are represented to FEC.

 

Dominica Nwabufo

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