July 10, (THEWILL) – The Federal Executive Council (FEC) has stepped down memoranda, for some major projects that require additional funding, especially projects under the Federal Ministry of Works.
Minister of Information and National Orientation, Mohammed Idris, who disclosed this to State House Correspondents on Wednesday, after the FEC meeting, explained that projects affected are such that were inherited from past administrations and have requested augmentation.
Idris said President Tinubu has directed a thorough examination of these projects to ensure probity, proficiency, and diligence in their execution, adding that the review will be discussed further at the next FEC meeting.
He, however, clarified that the Lagos-Calabar Highway and other newly approved roads by the administration of President Tinubu are not part of the projects, but that the Council is ready to reconsider and re-prioritise most of the inherited projects under the Federal Ministry of Works while it sources for alternative funding and re-evaluate those that can be completed.
He further disclosed that the Council directed the Minister of Works, David Umahi, to work with the Ministers of Budget and Economic Planning and the Minister of Finance to streamline all projects contained in the memoranda for appropriate funding intervention.
“So today, we didn’t have so many projects that were approved as a result of that, but of note is to say that Mr President, in line with his thinking of ensuring that there is probity, proficiency and diligence in project execution, has directed that all projects that require additional funding, especially major projects of the Ministry of Works, be looked at once again so that there will be further deliberation on that at the next council meeting.
“Those projects that were required to be stepped down are part of inherited projects from 13 years ago some of them were inherited from past administrations and they are now been streamlined and worked out to ensure they are completed installmentally the Lagos-Calabar Highway is not suffering budget augmentation.
“Most of the projects are those carried over due to variation and the Council has decided to ensure that all the projects should be stepped down they will not be thrown away but will be reconsidered and re-prioritised and the government will source for funding for the projects and the government will look at those that can be completed.
“Not only because of funding but other variables are being considered, it’s not an abandonment, and augmentation and review are not for new projects all new projects awarded do not have augmentation now Lagos Calabar is new and does not have issues or need for augment or review”, he said.
Meanwhile, Idris said a bill to revamp the National Council on Procurement, has been sent to the National Assembly and has passed its first reading in the House of Representatives.
He explained the aim is to establish a robust procurement council that will enforce financial discipline and scrutinise all aspects of procurement, aligning with President Tinubu’s vision.
“There is also a discussion around the National Council on Procurement. The Federal Executive Council is looking at that again. Recall that in the last 17 years, the National Council on Procurement has not been very effective. So Mr President has submitted to the National Assembly a bill, which has scaled through the first reading at the House of Representatives.
“The whole idea is to ensure that we have a robust National Council on Procurement that will continue to look at all aspects of procurement, in line with the vision and to bring every project into the financial discipline that Mr President is always talking about”, he said
