Business
Public Procurement Under Buhari Comes Under Senate Probe
The National Assembly is set to investigate activities of the procurement system in Nigeria since 2019 to correct the mistakes of the past and regain the confidence of the public in the procurement system.
Chairman, Senate Committee on Public Procurement, Senator Monday Okpebholo, who disclosed this on Wednesday, said Nigeria would get better procurement exercise that would define the renewed hope for the country.
Noting that many irregularities had taken place as regards contracts in the past, he said henceforth, due processes would be followed, and only qualified persons would get the contract they applied for in the new dispensation.
The lawmaker said the Senate committee was set up to ensure that Ministries, Departments and Agencies of government were aligned to a new paradigm shift, where ordinary Nigerians could bid and win contracts unlike what was obtainable in the past.
According to him, the idea of MDAs calling for bids and lining people conducting a rigorous exercise, only to be disappointed with a bias selection, was “wicked and unacceptable”.
Okpebholo, who represents Edo Central Senatorial District on the platform of the All Progressives Congress (APC), stated these in an interview with journalists in Abuja during a reception organised in honour of the Minister of Niger Delta Affairs, Alhaji Abubakar Momoh.
“We want a system where you don’t need to know anybody before you can bid or win contract jobs in this country. That’s the mandate we have and we are set to carry it out to the letter.
“I can assure you that my committee will investigate activities in the procurement system since 2019 and ensure we right the wrongs to regain the confidence of the public in the procurement system. Many wrongs will be corrected.
“We want to make sure that only qualified persons get the contract jobs they tendered for. Due process must be followed.
“We want the country to experience a new era of procurement system that is acceptable to international best practices. The 10th National Assembly is determined to make sure we make the desired impact.
“I can assure you that this Senate is sincere about the new deal we are bringing forward in accordance with the renewed hope of Mr President and the uncommon Senate President”, he stated.
While speaking on the task ahead, Okpebholo assured that his background as a student of Business Administration with expertise in Information Communication Technology, and an understanding of the business environment in Nigeria, he would deploy modern technological skills, diligence and integrity in executing the job.
He also vouched for the competence and experience of members of the committee, which, he said, will come to bear on the job.
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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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