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Kogi elevates public procurement process to attract foreign investments

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Kogi elevates public procurement process to attract foreign investments

By John Akubo

In its bid to attract foreign direct investment, the Kogi State Government is advocating a process that will motivate investors to take advantage of the numerous mineral and natural resources, the secretary to the State Government Dr. Arike Folashade Ayoade has said.
Coming at a time that the State has been grappling with the burden of over bloated wage bill the Government would not need look elsewhere for alternative source of revenue should such investments begin to trickle in.
Speaking at a sensitization workshop for political office holders on public procurement process in Government House Lokoja over the weekend Ayoade indicated that the government is actively pursuing reforms in the State through the procurement processes which will help it achieve its developmental goals.
According to the secretary, “Because we want to attract foreign direct investments that is why we want to do it right and better.
“When we do it right foreign investors would want to come but we don’t want to be embarrassed. When we are not doing it right following the due process the foreign investors would not want to come.”
She said it was the reason the Government decided to craft a coherent strategy for the purpose of financing Government programs in general.
“Investors would be key to investing in partnerships where they are convinced that the Government has the political will to support the procurement process.
“We want to get ourselves acquainted with public procurements in Kogi State because this is a Government that wants to do it right.”
She explained that the public procurement law was passed in 2014 by the last administration but there was no implementation adding that because Governor Bello wants to get it right he inaugurated the council and handed over the public procurement law to the council.

“We need to follow due process. When we came on board a judicial panel of enquiry was set up to look into the activities of the past by the PDP administration. Of course they came with their report and a white paper committee was setup by this administration and they submitted their report and we have the recommendation committee on their report for the implementation of every recommendation of the white paper.
“We are here today at the present looking into the past and we are mindful of the fact that the future would also look into our deeds. They would look into our activities and because we don’t want to be embarrassed or molested and we don’t want as a Government to be dragged in the mud that is why we are to learn about public procurement.”

The Director general Bureau for Public Procurement Dr. Stella Ojone Adejoh said the workshop was organized to sensitize the participants some rudiments on public procurement in the State and to learn more about the Bureau for Public Procurement.
“There was a time past activities were looked in to and when this administration is no longer in office somebody else may decide to look into our own activities.

“This Government is in place by divine providence to ensure that things are done the right way and as stakeholders we have to play our part to ensure that the right objective is achieved.
She indicated that the bureau put together this sensitization program for the past three weeks training the different stakeholders in the State. “The political buy-in for this program is very necessary because this sensitization program has been packaged together to carry everyone along in this process.”

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Economy

Humanitarian minister flags off special grant for rural women in Plateau

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Humanitarian minister flags off special grant for rural women in Plateau

The Minister of Humanitarian Affairs, Disaster Management and Social Development has launched the one off payment of a special Grant  for rural women in Plateau state.

Over one hundred and fifty thousand women will receive a one-off special grant of twenty thousand naira each in all the 774 local government councils across Nigeria.

On her maiden launch of the special funds distribution held at the Banquet hall, Government House, the minister said the grant was a one-off disbursement to rural women to mark the International Day of Rural Women. 

“Since the inception of President Muhammadu Buhari’s Administration in 2015, the Government has been paying more attention to protecting and promoting the plight of the poor and vulnerable in the country.
This she said informed the decision to initiate the National Social Investment Programme (NSIP) as a strategy for enhancing social inclusion.

“The Grant for Rural Women programme was introduced to sustain the social inclusion agenda of the Buhari Administration, including the realization of the national aspiration of lifting 100 million Nigerians out of poverty in 10 years. It is designed to provide a one-off grant to some of the poorest and most vulnerable women in rural Nigeria. 

“The grant of N20,000.00 will be disbursed to over 150,000 poor rural women across the 36 States of the Federation and the Federal Capital Territory.

“The grant is expected to increase access to financial capital required for economic activities.
“It is our hope that the beneficiaries of this programme will make good use of the opportunity to increase their income, enhance their food security, and generally contribute towards improving their living standard”.

Farouq also thanked the Minister of Women Affairs, Pauline Tallen for her contributions in ensuring a smooth take- off of the program in Plateau state.
She also used the opportunity to present assorted grains from the National Food Reserve, approved by President Muhammadu Buhari as palliative for distribution to vulnerable persons affected by the  restriction of movement to curtail the spread of COVID-19 pandemic. 

Food items presented to the state include 71 trailer load of Maize, Sorghum and Millet  to cater to 294,199 households.

Earlier, the Governor of Plateau State Dr Simon Bako Lalong expressed immense gratitude to the minister for her visit to the state. He acknowledged the role of women in the society especially the rural women. 

“This palliative will assist vulnerable people affected by the COVID-19 pandemic and other disasters like conflict and flood.  
“This occasion is unique because it also features the disbursement of cash transfer to 500 rural women to mark the International Day of Rural Women.
“I am also delighted to note that 3005 pregnant and lactating women In Plateau state are currently receiving an additional five thousand naira as top-up of the Conditional Cash Transfer.
“This will go a long way in improving the lives of women and children in Plateau state particularly their health and economic empowerment”.

Governor Simon Bako Lalong in his comments 9noted that 26,004 vulnerable households in Plateau state were already receiving the Cash Transfer of N10,00 bi-monthly while 47,000 others await payment. He said the  state has 231,870 households on the State Social Register with 877,301 individual households. He appealed to the federal government to extend other social and intervention programs to capture those on the waiting list. 

The theme for this year’s International Day of Rural Women is “Building rural women’s resilience in the wake of COVID-19”.

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Economy

Apprehension over Buhari’s misgivings on recession

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Apprehension over Buhari’s misgivings on recession


President Muhammadu Buhari left many Nigerians more confused when he admitted that the country’s economy may slip back into another recession in the third quarter of 2020, even while in the Fourth quarter.
Buhari expressed the misgivings while presenting the N13.1 trillion budget for 2021 with a deficit of N4.8 trillion that will be financed mainly by borrowing.
Many Nigerians were led to believe that the recession afterall may have since started going by his admittance while quoting the previous quarter.
This is more so as the President seem to be re-echoing what
Nigeria’s finance minister Zainab Ahmed had said in August 2020.

Ahmed had warned that unless Nigeria achieves a very strong third quarter 2020 economic performance, the country may slide into recession.
“Nigeria is exposed to spikes in risk aversion in the global capital market, which will put further pressure on the foreign exchange market as foreign portfolio investors exit the Nigerian market,” the minister  had said.
“Nigeria’s Q2 GDP growth is in all likelihood negative and unless we achieve a very strong Q3 2020 economic performance, the Nigerian economy is likely to lapse into a second recession in four years with significant adverse consequences.”
The President also said the projected GDP growth will be  negative in the third quarter of the year while the fourth quarter just started.
As such, the president said the economy may lapse into the second recession in four years, with significant adverse consequences.
However, inspite of the apprehension, Buhari assured Nigerians that his team were working assiduously to ensure rapid recovery in 2021 saying there is no cause for any alarm.
“We remain committed to implementing programmes to lift 100 million Nigerians out of poverty over the next 10 years,” he added

Buhari said the country’s economy is currently facing challenges with the macroeconomic environment being significantly disrupted by the coronavirus pandemic.
“Real Gross Domestic Product (‘GDP’) growth declined by 6.1 per cent in the second quarter of 2020. This ended the 3-year trend of positive, but modest, real GDP growth recorded since the second quarter of 2017,” the president said.

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Economy

Despite concerns over whooping N3.12tr for debt servicing, FG gives hope

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Despite concerns over whooping N3.12tr for debt servicing, FG gives hope

Not perturbed by concerns raised by stakeholders over N4trillion borrowing the Federal Government has pledged to meet up with it’s debt obligations with N3.12trillion for its servicing in the 2021 budget proposal.
President Muhammadu Buhari gave the indication Thursday when he presented the 2021 budget proposal of N13.08trillion to the National Assembly in Abuja.

According to him, the amount represents an increase of N445.57 billion from N2.68 trillion in 2020.
“We remain committed to meeting our debt service obligations.

“Hence, we have provisioned N3.12 trillion for this in 2021, representing an increase of N445.57 billion from N2.68 trillion in 2020.
“A total of N2.183 trillion has been set aside to service domestic debts while N940.89 billion has been provided for foreign debt service.

“N220 billion is provided for transfers to the Sinking Fund to pay off maturing bonds issued to local contractors and creditors.’

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