06 November 2020 By Aisha Adesanya
The Minister of Works and Housing, Mr. Babatunde Fashola has advocated the amendment of the Procurement Act to allow small and medium companies execute certain projects in the Country.
The Minister made the recommendation at the Ministry’s 2021 budget defence before the House of Representatives Committee on Works.
According to him there is an urgent need to amend the Act, to make the Executive Order 5, of including local component and capacity contractors issued by the President Muhammadu Buhari achievable.
Speaking on the Ministry’s 2020 budget performance, Mr. Fashola said that the sum of N152.1 billion was released to the works sector of the ministry, which represented 66.74 per cent out of the sum of N227.9 billion capital allocation in the 2020 appropriation.
On the 2021 budget, the Minister explained that the sum of N435.3 billion was proposed for the Federal Ministry of Works and Housing and its parastatals for capital, personnel and overhead estimates in the 2021 Appropriation Bill.
In his remarks the Chairman of the house Committee on Works, Kabir Abubakar reiterated the committee’s commitment to speedily consider the 2021 proposal.
He added that the committee would work assiduously to maintain the January to December budget cycle for development of the Country.