President Tinubu Approves Overhaul Of PPT For MDA's Of The Federal Govt Of Nigeria

President Bola Ahmed Tinubu has approved a sweeping overhaul of public procurement thresholds for MDAs of the Federal Government of Nigeria...


NEW CONTRACT APPROVAL THRESHOLD
Federal Executive Council:
Approves contracts from ₦5 billion (goods/services) or ₦10 billion (works) and above.

Ministerial Tenders Board:

Goods/Services: ₦50 million to < ₦1 billion

Works: ₦50 million to < ₦2.5 billion

Parastatal Tenders Board:

Goods/Services: Up to ₦500 million

Works: Up to ₦1 billion
Accounting Officers:
Goods/Services: Below ₦50 million

Works: Below ₦100 million

PROCUMENT METHODS BY THRESHOLD

- National/International Competitive Bidding:

Goods/Services: ₦1 billion and above

Works: ₦5 billion and above
- Requests for Quotations (Shopping): For lower-value procurements.

- Prequalification Requirements

Goods/Services (Non-consulting): From ₦500 million

Works: From ₦1 billion

Consultancy: Use QCBS for contracts ₦100 million and above

- MDAs must publish monthly procurement reports on their websites and the BPP portal, including all awarded contracts for transparency and accountability.

- MDAs must budget for procurement training using only BPP-accredited trainers.

NIGERIA FIRST POLICY

- Prioritizes local goods and contractors in all federal procurements.

This decentralisation is designed to allow the FEC to focus on high-level national policy issues rather than routine contract approvals.