Key Issues

Lagos Governor warns against misappropriation of funds

The Governor of Lagos State South West Nigeria, Mr. Akinwunmi Ambode has warned the Ministries, Departments and Agencies and contractors in the state to comply with the public procurement regulations and processes to ensure proper utilisation of government fund and resources.

The Governor gave the indication at the state’s first Procurement Summit held at the LCCI, Alausa, Lagos stressing that his administration would not condone any act of misapplication of public funds.

Speaking on the theme of the summit: Ensuring Best Practices in Public Procurement in the Face of Dwindling Economy, Governor Ambode explained that there was need for those charged with the responsibility of implementing the procurement law to be more diligent and conversant with the emerging developments in the global arena in view of the current economic situation.

The Governor who was represented by the Secretary to the State Government, Mr. Tunji Bello described the introduction of the Public Procurement Law as laudable, emphasising that the law was meant to ensure transparency, accountability, competitiveness in the way and manner public funds are expended in the acquisition of goods and services.

I charged the Lagos State Public Procurement Agency to be steadfast and innovative in the application of the laws and regulations. As you are aware, this administration places high premium on accountability and will therefore not condone any act of misappropriation and misapplication of the public funds,Governor said

He explained that the summit was designed together experts and various stakeholders in public procurement with a view to taking a closer look at the law, as it was being implemented and make recommendations that will ensure greater effectiveness.

The General Manager of the Lagos State Public Procurement Agency, Mr. Fatai Onafowote, said that the State Public Procurement Agency has approved over 1000 procurement requests valued at N320bn in 2017 and also registered about 1,900 contractors desirous of doing business with the state.

He noted that the agency achieved enviable milestone in 2017 and expressed optimism that it would surpass the record in 2018.

Onafowote also promised that the agency would intensify its monitoring on all projects to ensure that no government project is abandoned or failed to be delivered at record time.

The success of any procurement process will require the input of all stakeholders. Indeed the process cannot be or deemed satisfactory unless there is input of all the stakeholders,Onafowote said.

He stressed that state government has been able to bring about transparency and eliminate the perceived corruption inherent in the public procurement through demonstration of professionalism and adoption of global best practice in the procurement.

Source: Voice of Nigeria