Thursday, July 3, 2025
  • REPORT A STORY
  • PRIVACY POLICY
  • CONTACT
WITHIN NIGERIA
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE
    • VIDEOS
    • GIST
    • PIECE (ARTICLES)
No Result
View All Result
WITHIN NIGERIA
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE
    • VIDEOS
    • GIST
    • PIECE (ARTICLES)
No Result
View All Result
WITHIN NIGERIA
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE

Fashola proposes amendment to procurement act

by Adejayan Gbenga Gsong
November 5, 2020
in National
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter

The Minister of Works and Housing, Mr Babatunde Fashola has recommended an amendment to the Procurement Act to allow small and medium companies to execute certain projects in the country.

Fashola made the recommendation on Thursday while defending the ministry’s 2021 budget at the House of Representatives Committee on Works in Abuja.

The minister said that unless the act was amended, Executive Order 5, issued by the President would not be achieved.

“If you go through the procurement law as it currently is, the truth is that only a certain type of contractors can bid for certain projects, that is just the law.

READ ALSO

Democracy Day Turns Protest Day: Nigerians decry hardship, ask Tinubu to fix economy

INTERVIEW: My Reason For Writing “A COUNTRY IN TEARS”—Enugu-based writer explains

OSINACHI: Refusal of governors to sign death sentence makes justice blurry in Nigeria

SPECIAL REPORT: Inside Story Of How Banks, ATM Charges Worsen Nigerians’ Economic Woes

TRIBUTE: Doyin Okupe: Son Of Banker Who Laced Medical Profession, Journalism, Politics With Great Efficiency

“If you go through the law and the threshold that has been set, an only a certain class of contractors based on their turnovers; otherwise, they will not pass the technical and financial evaluation.

“Until we urgently revisit our procurement law in order to make it more accommodating of small and medium-sized companies in order to achieve the President’s Order 5, of including local component and capacity contractors, then we won’t really have the spread.

“As it is, only few contractors can reach this threshold; that is a matter of eminent legislative consideration and amendment,” he said.

Speaking on the 2020 budget performance, Fashola said that the sum of N152.1 billion was released to the works sector of the ministry, which represented 66.74 per cent out of the sum of N227.9 billion capital allocation in the 2020 appropriation.

He said the sum of N77.9 billion was released for the highways (works sector) from the budget.

He said the sum of N333.1 million was released to the ministry for an overhead cost between January and July, which represented 66.49 per cent of the budgetary provision with an outstanding sum of N95.8 million.

He said that the personnel cost of N8.8 billion allocated for the ministry was being implemented through the Integrated Payroll and Personnel Information System (IPPIS) Programme in the Office of the Accountant-General of the Federation.

Fashola also said that the sum N229.9 million was generated as revenue from January to September and remitted to the Consolidated Revenue Account.

On the 2021 budget, Fashola explained that the sum of N435.3 billion was proposed for the Federal Ministry of Works and Housing and its parastatals for capital, personnel and overhead estimates in the 2021 Appropriation Bill.

The Chairman of the Committee on Works, Rep. Kabir Abubakar (APC-Kano) said that the committee would consider the 2021 proposal speedily.

He said that the committee would work to maintain the January to December budget cycle, saying that if there were needs for further clarifications, the committee would write the ministry.

RELATED STORYPosts

National

Democracy Day Turns Protest Day: Nigerians decry hardship, ask Tinubu to fix economy

by Sodiq Lawal Chocomilo
June 13, 2025
National

INTERVIEW: My Reason For Writing “A COUNTRY IN TEARS”—Enugu-based writer explains

by Nnadi Christopher Ikechukwu
May 27, 2025

Discussion about this post

POPULAR THIS WEEK

No Content Available
No Content Available
WITHIN NIGERIA

WITHIN NIGERIA MEDIA LTD.

NEWS, MULTI MEDIA

WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

Follow us on social media:

CORPORATE LINKS

  • About
  • Contacts
  • Report a story
  • Advertisement
  • Content Policy
  • Privacy Policy
  • Terms
 
  • Fact-Checking Policy
  • Ethics Policy
  • Corrections Policy
  • WHO IS WITHIN NIGERIA?
  • CONTACT US
  • PRIVACY
  • TERMS

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

No Result
View All Result
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE
    • VIDEOS
    • GIST
    • PIECE (ARTICLES)

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName