Infrastructure Development: CBN To Upgrade ICT Facilities

The Central Bank of Nigeria (CBN) is planning to upgrade its information and communication technology (ICT) facilities at the Dealing Room in Abuja.

This announcement was made through a statement titled “Request for Proposal for the Upgrade of the ICT Facilities at the Central Bank of Nigeria Dealing Room, Abuja,” posted on its website on Friday.

A dealing room is a place where shares, currencies, or commodities are bought and sold.

The Dealing Room plays a critical role in managing the nation’s foreign exchange and government securities, this upgrade is crucial for the stability and security of the financial system.

Part of its statement read, “To enable both departments to carry out their responsibilities efficiently and effectively, the bank established a world-class dealing room at the headquarters and equipped it with ICT facilities in 2015. The ICT facilities have, however, attained end-of-life or end-of-support status and have resulted in suboptimal performance.’’ 

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It stated that interested contractors must submit bids by June 14, 2024. Requirements include evidence of similar project experience and a minimum turnover of N500m in the last three years.

According to CBN, proposals from a single vendor or multiple vendors working together as a team will both be considered.

The Central Bank stated that it reserves the right to reject bids that do not meet requirements and to terminate the procurement process at any time, without incurring any liabilities.

The Central Bank of Nigeria (CBN) is searching for certified vendors with verifiable capacity and experience in implementing the required solution, including experience in the public sector.