The Federal Executive Council yesterday approved N630,132,750 for the engagement of a consultancy services firm that will assist in the deployment of technology to reduce risks and damages associated with the award of contracts.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, said the contract was with a completion period of six months.
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He cited the challenges faced by the government over the contracts with P&ID and the the Ajaokuta Steel and Mambilla Hydropower Plant which affected the path to the country’s industrialization.
He said: “This memo is intended to bring about a new development in contract administration in Nigeria, by way of deployment of technology, building capacity and specialisation, developing a continuous check list of all existing contracts and ensuring that the interest of the Nigerian government in all contracts to be considered by MDAs are adequately addressed to ensure the government is not subjected to higher risks,” he said.
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