Business
Over 300,000 Firms Doing Business With FG – BPP
The Bureau of Public
Procurement (BPP) has said that over 300,000 companies were currently providing services for the Federal Government in the country.
This was announced in Abuja by the Bureau’s Head, Public Relations, Mr Thomas Odemwingie in an interview with our correspondent said that the bureau had decided to compile a national data base of contractors, consultants and service providers to ensure transparency in procurement processes in the country.
He said that from the data base, contractors would be classified based on similar competencies, thereby ensuring fair competition and improving expertise in procurement processes.
“The Bureau has developed and deployed an electronic system for the registration, verification and categorisation of contractors, consultants and service providers.
“The Bureau emphasises the need for all contractors, consultants and service providers to register.
“The central registration has the benefit of eliminating multiple registrations with different procuring entities of the Federal Government,” he said.
Odemwingie said out of the estimated 300,000 Federal Government contractors, consultants and service providers, only 4,674 companies had registered so far with the bureau.
“The repercussion for not registering on the database of the BPP is that such contractor; consultant and service provider will not be able to participate in subsequent Federal Government procurement.
“A circular has already been issued by the SGF to all procuring entity of Federal Government to include evidence of registration on the national database as a requirement in all procurement solicitations.
According to Odemwingie, the bureau encourages all contractors that want to continue doing business with government to register.
“There is no immediate deadline for registration.”
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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