Fidelity bank card banner Camano banner

FG launches contract monitoring website

By News Express on 20/07/2017

Views: 1,011

•ICRC Acting DG Chidi Izuwah
•ICRC Acting DG Chidi Izuwah

 

In a bid to improve transparency and accountability in contracts entered into by public and private enterprises in the country, the Federal Government says it will launch a contract disclosure web portal.

The Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr Chidi Izuwah said on Wednesday in Abuja at a Public Private Partnership (PPP) training workshop organised by the World Bank, that both bodies had been working together to ensure  more  openness  and  transparency in PPPs in Nigeria.

To this end, stakeholder  engagements  had  taken  place  and an improved PPP Disclosure Framework  developed with the input and buy-in of Ministries, Departments and Agencies.

There are currently 51 ongoing  PPP  projects entered  into  by  the Federal Government, cutting across  all sectors and 77 pipeline projects which the public may not be aware of.

Izuwah said that the website was set to launch at the end of August 2017 and that all Federal Government’s MDAs were expected to disclose fully all their PPP contracts.

“This   disclosure   initiative   is   designed   to   ensure   that   all non-confidential  information  relating to PPP contracts, both pre and post-contract information, are made available and easily accessible to members of the public.

“The disclosure is expected to bring improvement and engender confidence in PPP contract transactions in Nigeria.

“It  is  also hoped that Nigerians, through the disclosure, will be better educated and informed on the salient features of PPP contracts.

“This includes agreed standards of service, scope of work, parties to the contract, general overview of the project, social and economic benefits of the  project,  as well as risk allocation and the actual performance levels achieved,” he further said.

Izuwah explained that the portal was not just directed for local use, but would also serve to encourage foreign direct investments into the country.

He said also that the new process would ensure that contractors keep their own side of the bargain.

The Senior Consultant on Public Private Partnerships, World Bank Group,  Mr Prashant Sharma said the bank was assisting Nigeria, Kenya, Honduras and Ghana to develop a PPP Contract Information Disclosure website.

He said this would improve transparency in the procurement process and when the website goes live in August, Nigeria would be the leading country in the world in transparency and accountability in PPP contracts.

“We have been working with the ICRC over the last one year to develop an organised platform to actually deliver information and disclose information about public private partnership.

“To create a platform  through which all relevant information, useful for the public to know more about public private partnerships are made public in a organised and systemised way.”

(NAN)

Source News Express

Posted 20/07/2017 05:23:09 AM

 

 

CLASSIFIED ADS

 

You may also like...
PDP picks Ali Modu Sheriff as National Chairman...

Buhari, APC don’t care about Niger Delta development...

PDP on self discovery for victory in 2019,...

Tiv youths raise alarm over alleged ethnic cleansing...

Protests hit Arik airline

2023 Presidency: Tinubu unstoppable — APC chieftain

Shoprite share hits record high

NiMET predicts thunderstorms today in the North, rains...

Yuletide: Lagos Govt. puts Lagosians on red alert...

Army uncovers Boko Haram’s new tactics

Woman widowed by Boko Haram terrorists finds love...

Money Laundering: Court orders final forfeiture of N354,000...

 

Latest News 17 students die in road accident while seeking varsity admission •Their death preventable, says Governor Primate Ayodele predicts outcome of Bayelsa, Kogi Edo guber polls Customs intercepts 8 Armoured Tanks at Nigeria/Cameroon border Boko Haram: Borno Governor faults new military strategy Give Southeast one DIG, five AIGs, 15 Police Commissioners — Intersociety Army deploys new strategy to counter Boko Haram Newcastle stun Spurs as Man City storm back to Prem second spot Crisis looms in Nsukka Community as Igwe insists on sole right to form Town Union Kidnappers, informants in the net Pray that God touches the hearts of Nigerian politicians to use public funds for public good — Peter Obi Nurse in Nigeria’s medical team dies in Makkah FG to prosecute SIPs saboteurs — Uwais

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (531,201 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (439,433 views) Shameless Genevieve Nnaji exposes breasts in public (384,533 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (323,473 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (291,087 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (251,664 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (246,646 views) 10 cars more expensive than Jets (234,156 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (228,598 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (214,791 views) Lagos plane crash: Journalist releases victims’ names (193,542 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (191,405 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (99) Business & Economy (4,407) Business Verdict (79) Columnists (1,097) Complaints & Requests (95) Enterprise & Opportunities (215) Entertainment (649) Features (799) Global Business Monitor (424) ICT Monitor (59) International (3,865) Interview (199) Live Commentary (30) Love Matters (167) Maggie's Blog (387) News (50,408) Opinion (1,337) Pidgin (17) Politics (11,340) Religion (1,089) Sports (2,141) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera