27.1 C
Lagos
Saturday, October 24, 2020
- Advertisement -

Nigeria Approves 1.6bn For e-Government Procurement Platform

Opinion

We Must Get Children Back to Learning – But Business As Usual is Not an Option By Jutta Urpilainen and Henrietta Fore

A global joint op-ed by the EU and UNICEF on education for children “One child, one teacher, one book,...

Subjecting Anti-SARS Agitation to Political Interpretation is Jejune Partisan Stimulus By Chris Okotie

Chairman Mao once posited that if the people no longer fear your power, it is because another power is on its way....

Deja Vu – In Tragic Vein By Wole Soyinka

I arrived home from external commitments just over a week ago to an extraordinary homecoming gift. It took the form of a...

Farewell to a Pioneering African Bard By Adekeye Adebajo

John Pepper Clark-Bekederemo, the Nigerian poet and playwright and a pioneering post-independence writer, died on October 13 at the age of 85....

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N1.6billion for the establishment of e-Government Procurement Platform to address corrupt practices in government’s procurement system.

The Director-General, Bureau of Public Enterprises, Mamman Ahmadu, said the new platform would help eliminate corruption as well as enhance the country’s procurement process.

He said: “Today, BPP presented a memo on e-government procurement. E-government procurement has the potential of improving procurement process, eliminate corruption and reduce the leak time in the procurement process itself.

“There have been a lot of complaints about the long time it takes to go through the due process. With the establishment of this, we will reduce that time.

“It also removes subjectivity from the process. There have been lots of complaints about subjectivity in the approval process that will be dealt with squarely when it is eventually launched,” he said.

According to him, the step taken by government is in line with current global trend.

“E-government procurement is a global trend and from the research carried out by the World Bank, it had been established that countries that have taken off with e-government procurement have witnessed exponential economic growth and and they have stimulated ICT in those countries.

“It will reduce corruption to the barest minimum because it will reduce the human interface within the process. The overall cost is about N1.6 billion,” he said.

The Minister of Power, Saleh Mamman, who also addressed the correspondents on the outcome of the meeting, said the Council approved Nigeria’s contribution of two million dollars for West African Power Pool (WAPP)

He expressed the hope that the contribution would in turn generate income for Nigeria, to cushion the dwindling oil revenue.

According to him, the power pool being a common entity of countries in the West Africa, plays a role of coordination and synergy among countries, as well as boosting electricity supply in the region.

Mamman also said the regional power pools would be of great assistance in case the national grid of any of the member states fails.

“The pool is about having synergy within the West African region. The decision has been taken by ECOWAS, it’s for the generation of electricity of the region, so as to have a more constant and steady power supply.

“It’s like the national grid in Nigeria, so we are going to have a regional grid. It means in case there is a failure in one country, another can supplement. The $2 million is a contribution,” he said.

Also shedding more light on the electricity pool, the Minister of Information and Culture, Lai Mohammed said all ECOWAS countries had been contributing annually to the cost of transmission of electricity in the region, since the establishment of WAPP in 1999.

He said: “The West African power pool is made up of all west African countries because each member state contributes annually to the cost of power transmission across the pool. Because, the consequence is that if there is a problem in one country it could inadvertently affect the other country.

“It’s a common pool and every country has its own section and our contribution for this year is $2 million.

“It’s not as if we are giving two million dollars to ECOWAS, we are simply paying our own contribution for the transmission from Nigeria to other West African countries and viz-visa.”(NAN)

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Business Profiles

Mark Oguh

Mark has 22 years experience in the Banking industry covering Operations, Audit and Financial Control. He is also a...

Aina Amah

Aina Amah is a graduate of Economics from the University of Lagos and an MBA from the University of Nicosia, Cyprus. She...

Uyi Osagie

Uyi Osagie is the Chief Financial Officer of Allianz Nigeria. He joined Allianz as Financial Controller from 2014 and rose through the...

Usen Udoh

Usen Udoh is the Group Chief Human Resources Officer of the Dangote Group where he oversees a team of busines unit human...

Eric Idiahi

Eric Idiahi is a financier and venture-capitalist. He is Partner and co-founder of Verod Capital Management Limited, a $300 million Africa-focused private...