Contracts Below N5bn No Longer Need FEC Approval

Tinubu approves new procurement threshold for FEC, MDAs

Under the new thresholds, only contracts valued at N5 billion and above for goods and consultancy services, and N10 billion and above for works, will require Federal Executive Council (FEC) approval. The post Tinubu approves new procurement threshold for FEC, MDAs appeared first on Premium Times Nigeria.

Contracts below N5bn no longer need FEC approval

President Bola Ahmed has announced that contracts and procurement of goods and services valued below N5 billion will no longer require the approval of the Federal Executive Council. This was disclosed in a statement by the spokesperson of the Bureau of Public Procurement, Zira Nagga, on Thursday. The fresh procurement thresholds mean that ministries, departments, and agencies will now have to adjudicate their procurement status to below N5 billi…

Tinubu overhauls public procurement thresholds, FEC to approve contracts from N5 billion

President Bola Ahmed Tinubu has approved a sweeping overhaul of Nigeria’s public procurement thresholds in a significant reform to the country’s contracting process.   The post Tinubu overhauls public procurement thresholds, FEC to approve contracts from N5 billion appeared first on Nairametrics.

Nigeria Eases Procurement Rules As President Tinubu Raises Threshold For Federal Approval To N5 Billion » Media Talk Africa

In a significant move to enhance efficiency and reduce bureaucratic red tape, President Bola Ahmed has introduced new procurement guidelines for Nigeria.

MDAs Get New Procurement Guidelines from FG - Economic Confidential

The Bureau of Public Procurement (BPP) on Thursday announced a comprehensive revision of public procurement thresholds for federal Ministries

BPP announces revised public procurement threshold to reflect current  realities

The  Bureau of Public Procurement (BPP) has announced the newly revised public procurement threshold for Ministries, Departments, and Agencies (MDAs) of the Federal Government to reflect current economic realities. By Okeoghene Akubuike The  Bureau of Public Procurement (BPP) has announced the newly revised public procurement threshold for Ministries, Departments, and Agencies (MDAs) of the Federal Government to reflect current economic realitie…