July 28, 2017

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BlackBerry putting itself up for sale -

Wednesday, August 14, 2013

FERMA: A convergence of intent, engagement & perception -

Sunday, August 11, 2013

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Wednesday, August 7, 2013

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Nigeria, others to re-evaluate Trans-Saharan gas project -

Monday, August 5, 2013

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Friday, August 2, 2013

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Friday, August 2, 2013

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Thursday, August 1, 2013

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Wednesday, July 31, 2013

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Tuesday, July 30, 2013

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Monday, July 29, 2013

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Monday, July 29, 2013

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Monday, July 29, 2013

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Monday, July 29, 2013

Future of Africa in food production depends on training, emerging technologies —Kabba college provost -

Friday, July 26, 2013

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Friday, July 26, 2013

Investors prefer Southwest, says LCCI -

Friday, July 26, 2013

Fed Govt stops project variation beyond 15% of initial cost -

Thursday, July 25, 2013

Fed Govt stops project variation beyond 15% of initial cost

Fed Govt stops project variation beyond 15% of initial cost... NAIJA INTEL

The Federal Government yesterday stopped all Ministries, Departments and Agencies (MDAs) from forwarding any project variation and review that is above 15 per cent of its initial cost.

The measure, which was a fallout of the Federal Executive Council (FEC) meeting yesterday, presided over by President Goodluck Jonathan at the State House, is intended to check fraud in the system.

Briefing State House correspondents at the end of the meeting, the Minister of Information, Labaran Maku, explained that by the decision, MDAs would be required to do their jobs thoroughly through proper planning and cost evaluation before awarding the contract.

The Bureau of Public Procurement (BPP) was also directed not to entertain any application for valuation of contracts that exceed 15 per cent of the original cost.

Maku said: “Mr President gave a directive to all members of Council to henceforth not bring any augmentation to Council that is beyond 15 per cent of the original cost of the projects. The President frowned at a situation in which sometimes augmentation or variations of contracts end up being higher than the original contracts awarded.”

He said the President is convinced that if MDA’s do their jobs thoroughly through proper planning and cost evaluation before award, the incidence of half valuation of contracts would be avoided, adding that the exception to the directive, is if that variation has the President’s personal approval.

Maku, said the BPP was directed not to entertain any application for valuation of contracts above the said limit, stressing that Ministers and agencies of government must ensure that in awarding contracts, they verify the actual workload that is expected, do proper valuation of projects so that the existing practice is done away with.

“So it is expected that all agencies of government who are in the process of giving awards for contracts, must make sure that they are thorough in the pre-plan for those projects and also ensure that the costing is professional to avoid variations that go very high and leave cost to the government,” he added

Fed Govt stops project variation beyond 15% of initial cost... NAIJA INTEL

Fed Govt stops project variation beyond 15% of initial cost… NAIJA INTEL

Also, government has approved N22. 6 billion for the provision of roads and engineering infrastructure to the new layout and diplomatic area of the Phase II contract of the on-going Guzape Lot II District infrastructure.

The approval was based on the memo submitted to the Council by the Minister of the Federal Capital Territory (FCT), Bala Mohammed.

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IMAGES: www.nigeriaindepth.com / www.africanspotlight.com

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