Tinubu orders review of MDAs’ contract variations

The Bureau of Public Procurement (BPP) has revealed plans to review all contract variations by the Ministries, Departments and Agencies (MDAs) in order to curtail fiscal inflation.

The Director-General of the bureau, Dr. Adebowale A. Adedokun, who made the revelation in Abuja on Thursday at the national public procurement day and the Nigeria public procurement evolution showcase said this was in line with the directive of President Bola Tinubu.

He noted that one of the major milestones recorded under the reform programme of the current administration has been the review of procurement thresholds across the Federal Public Service because they were introduced “to reflect present economic realities, inflationary pressures, changing market conditions, and the need to accelerate budget implementation.”

SPONSOR AD

Speaking further, he said, “Crucially, as a direct consequence of these upwardly revised thresholds, the Federal Executive Council (FEC) has been significantly unburdened from routine contract approvals. The FEC rarely meets to deliberate on contract awards anymore, shifting its executive focus instead toward high-level policy discussions and strategic national governance.

“Mr. President has directed that all contract variations must be explicitly reviewed and approved by the BPP to curtail fiscal inflation. Subsequently, by delegating more procurement responsibilities to appropriate Ministerial and Parastatal Tenders Boards and Accounting Officers, the government has significantly reduced unnecessary bottlenecks while preserving transparency and accountability. The objective is simple. Procurement processes must remain compliant, but they must also be responsive, efficient and capable of supporting timely project delivery,” he added.

Other reforms, he highlighted include “Legislative Modernization Advancing the comprehensive amendment of the Public Procurement Act, 2007, institutionalizing a mandatory standstill period of 14 working days to allow for the ventilation of grievances and dispute resolution prior to contract execution, debarment policy safeguarding public integrity by decisively sanctioning and blacklisting erring contractors among others,” he added.

UPDATE NEWS:

Nigerians can now invest ₦2.5 million on premium domains and profit about ₦17-₦25 million. All earnings paid in US Dollars. Rather than wonder, click here to find out how it works.