• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Government FG unveils Programme to Enhance Contract Management, Reduce Financial Risk 
  • Government

FG unveils Programme to Enhance Contract Management, Reduce Financial Risk 

By
Prnigeria
-
December 17, 2024
PRNigeria logo fearured image

FG unveils Programme to Enhance Contract Management, Reduce Financial Risk

The Federal Government, on Tuesday, launched a programme tagged, Federal Complex Contracts Process and Administration (FCAS), to tackle financial risks in contract management.

Mrs Beatrice Jedy-Agba, the Solicitor-General of Nigeria and Permanent Secretary, Federal Ministry of Justice, said FCAS is designed to enhance operational efficiency in ministries, departments and agencies (MDAs).

Jedy-Agba stated this at the 2023 Manual and Workshop Engagement with Legal Advisors and Key Stakeholders in Abuja.

The workshop was titled: “Strengthening Contract Management and Compliance in Federal Governance.”

She expressed concern over developmental challenges and lack of clarity arising from the contracts that government entered into despite having the Public Procurement Act, Fiscal Responsibility Act, among others.

The permanent secretary, who decried the ways and manners laws are being undermined in the country, said Memorandum of Understandings (MoUs) are governed by law.

“You can not just do what you like. We expect that you have capacity, which should reflect in the quality of agreement you are bringing,” she said.

She added that legal advisors must do their best to avert failed contracts and also mitigate the effect.

Read Also:

  • Pantami Foundation Graduates 250 Gombe Youths in Tech, Entrepreneurship
  • Tinubu Orders NAHCON to Reduce 2026 Hajj Fares
  • Security Operatives Nab Influencers Over Defamatory Campaign Against Senator Shehu Buba

According to her, collaboration is key to ensure effective implementation of projects we deliver on behalf of the government.

A Deputy Director in the ministry, Mr Augustine Kalu, said that the new move was to guide the ministry and various departments on how to navigate the FCAS platform and get results.

According to him, one of its fundamental objectives is to ensure that project not needed is not embarked upon.

On implementation plans, Kalu said about 40 MDAs had been unbundled.

He assured that the government was very much interested in the process, assuring that it would not jettison the programme but carry it to a logical conclusion.

“We will look at the feasibility studies, Public Private Partnership arrangement, funding arrangement, due diligence, so that projects are not abandoned,” Kalu said.

The Chief Consultant to the ministry on FCAS, Dr Mark Igiehon, expressed government’s readiness to take action through the justice ministry so as to avert what happened in the case of Process & Industrial Developments (P&ID) Ltd contract.

According to him, government by the new plan would be able to enter into projects and contracts in a sophisticated way using specialists not only to minimise possibility of project failure, but also to be able to processed and record contracts in the most proper way.

“Government is now ready to take action on such high level, high valued and high risk projects so that in the future, we will have fewer contracts failure and would not have to pay huge sum of money on failed contracts,” Igiehon said.

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Beatrice Jedy-Agba
  • Federal Ministry of Justice
Previous articleJigawa Govt Uncovers 6,348 Ghost Workers
Next articleNAFDAC Decries Personnel Shortage
Prnigeria
Prnigeria
Xing

RELATED ARTICLESMORE FROM AUTHOR

Pantami Foundation Graduates 250 Gombe Youths in Tech, Entrepreneurship

Tinubu Orders NAHCON to Reduce 2026 Hajj Fares

Security Operatives Nab Influencers Over Defamatory Campaign Against Senator Shehu Buba

Kaduna State Governor, Uba Sani

Uba Sani Releases ₦2.3bn for Retirees and Families of Deceased Workers

Hajj Exercise Around Ka'abah

Group Urges CBN to Scrap 2% Service Charge on Hajj Fare to Reduce Pilgrimage Cost

Kano Gov’t Investigates Alleged Diversion of N4bn Dala Inland Dry Port Funds

ACF

ACF Warns of Alleged Plot to Cripple Dangote Refinery, Urges FG Intervention

S/Arabia-Trained Graduates to Begin Forum on Sustainable Development

Christian Genocide and the Conspiracy against Nigeria By Femi Fani-Kayode

Inspector-General of Police Kayode Adeolu Egbetokun

STEP-BY-STEP: How to Apply for New Digital Tinted Glass Permit as Police Begin Enforcement

DG NITDA Mallam Inuwa Kashifu and ICPC Chairman Dr. Musa Adamu Aliyu

NITDA, ICPC Form Joint Task Force to Combat Corruption in Government IT Projects

Kano State on Display and NIPR’s Verdict on Progress

Recent Posts

  • Pantami Foundation Graduates 250 Gombe Youths in Tech, Entrepreneurship
  • Tinubu Orders NAHCON to Reduce 2026 Hajj Fares
  • Security Operatives Nab Influencers Over Defamatory Campaign Against Senator Shehu Buba
  • Army Dislodges Bandits in Taraba Forests Under Operation Lafiya Nakowa
  • How Irabor’s Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko Haram
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Pantami Foundation Graduates 250 Gombe Youths in Tech, EntrepreneurshipTinubu Orders NAHCON to Reduce 2026 Hajj FaresSecurity Operatives Nab Influencers Over Defamatory Campaign Against Senator Shehu BubaArmy Dislodges Bandits in Taraba Forests Under Operation Lafiya NakowaHow Irabor's Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko HaramNigerian Army Denies Losing Weapons to Bandits in Kwara OperationUba Sani Releases ₦2.3bn for Retirees and Families of Deceased WorkersGroup Urges CBN to Scrap 2% Service Charge on Hajj Fare to Reduce Pilgrimage CostNDLEA Dismantles Cocaine Cartels Behind UK Shipments, Arrests Suspects, Destroys 25,000kg Skunk NationwideKano Gov't Investigates Alleged Diversion of N4bn Dala Inland Dry Port FundsACF Warns of Alleged Plot to Cripple Dangote Refinery, Urges FG InterventionTroops Neutralise Terrorists, Repel Boko Haram Attack in BornoPHOTOS: Nigeria Customs, IMPR Bag Back-to-Back Golden World Award at IPRA 70th AnniversaryTroops Nab Terrorists’ Logistics, Drug Suppliers in BornoS/Arabia-Trained Graduates to Begin Forum on Sustainable Development
X whatsapp