THE Minister of Works, David Umahi, raised both hope and apprehension with his recent announcement of the award of a contract for the construction of the Lagos–Calabar Highway to a local firm.
The project will link the Lagos-Badagry Expressway, the Fourth Mainland Bridge, Lekki Deep Sea Port Road, and connect various points in the North via Ogoja-Ikom. While it excites in its potential for stimulating business and travel, critics fret that it may have bypassed due process and necessary input from all stakeholders.
With its infrastructure amounting to just 30 per cent of its GDP, Nigeria falls short of the international benchmark of 70 per cent set by the World Bank. Such major infrastructure projects are therefore sorely needed. The Public Procurement Act 2007 and the Infrastructure Concession Regulatory Commission Act endorse competitive public bidding as the procurement procedure of choice. The ICRCA stipulates further that the concession contract will be granted to the bidder who satisfies the pre-qualification criteria and submits the most technically and economically comprehensive bid.
In the United Kingdom, contract awards follow a set of rules and regulations to ensure transparency, fairness, and competition. All stages in the process are open to public and parliamentary scrutiny.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Tinubu will reduce humanitarian crisis in Nigeria, says Minister | The Guardian Nigeria NewsThe Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, has restated President Bola Tinubu’s commitment to reduce humanitarian crisis and poverty in Nigeria.
Read more »
People under EFCC investigation are part of Tinubu's cabinet - Ex-Minister, Chidoka allegesFormer Minister of Aviation, Mr Osita Chidoka has alleged that some persons who are being investigated by the Economic and Financial Crimes Commission,
Read more »
Nigeria@ 63: Umahi Felicitates With Nigerians, Urges Patience With TinubuMinister of Works, Engr. David Umahi, has felicitated with Nigerians and President Bola Tinubu on the celebration of 63 years of the nation’s independence.
Read more »
Tinubu approves N35,000 wage award for FG workersPresident Bola Tinubu has approved N35,000 as a provisional wage award for all treasury-paid federal government workers for a period of six months.
Read more »
Tinubu mourns over death of Emeritus Prof Umaru Shehu | The Nation NewspaperPresident Bola Tinubu expressed shock and deep sadness over the passing into glory of a foremost Nigerian educationist and one of the pioneer medical doctors
Read more »
Tinubu celebrates as General Akinrinade clocks 84 | The Nation NewspaperPresident Bola Tinubu congratulated the former Chief of Army Staff and Chief of Defense Staff, General Ipoola Alani Akinrinade (rtd), on the occasion of his
Read more »