Minister of Power, Works and Housing Babatunde Fashola has advocated provision of special funds for the power sector and approval for the infrastructure Ministries to utilise all funds released even after expiration of a financial year.
According to a communiqué from the ministry yesterday, Fashola made the call during the Retreat for Directors, Chief Executive Officers of Parastatals and Head of Units of the Federal Ministry of Power, Works and Housing in Abuja.
The theme of the retreat was teamwork for optimal productivity.
The retreat, said the communiqué, noted that there was the need for the National Assembly to amend the Public Procurement Act 2007 with a view to reducing the time frame of the procurement process.
Fashola said there was the need for procuring entities to strictly adhere to the approved threshold as contained in the Procurement Guidelines issued by the Bureau of Public Procurement Act, 2007 and other extant rules.
The minister advised procuring entities to always have in place, the procurement planning committee and fast track the procurement process based on budget proposals without necessarily waiting for the passage of the Appropriation Act.
He sought support from highest political levels in the implementation of the Ministry’s projects in line with the Public Procurement Act 2007, guidelines and other extant rules governing public procurement.
He said that there was the need to compel foreign companies involved in construction projects to sublet certain components of the projects to local/indigenous contractors with a view to building their capacity.
The minister advised thorough scrutiny of payments to consultants for project supervision in order to obtain maximum value for money. Click to signup for FREE news updates, latest information and hottest gists everyday
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