AGBA TASKS GROUP ON MORE POLICY OPTIONS FOR QUICK ECONOMIC RECOVERY

 

In line with Federal Government’s desire to address challenges posed by Covid-19 pandemic in Nigeria, a number of State Governments across the country have reviewed their 2020 budget to align with present realities.

Many States have also begun adopting measures for aggressive diversification of their revenue base, to reduce dependency on the diminishing allocations from the Federation Account.

The Minister of State, Budget and National Planning, Prince Clem Ikanade Agba, made this known during the 11th virtual Community of Practice (CoP) meeting of Commissioners of Economic Planning, held in Abuja, with the theme: “COVID-19: Strategies for quick Recovery of the Economy”

Agba noted that, though there had been marginal increase in the price of crude oil in the international market, the cut in daily production quota by OPEC still dwarfed the much-required revenue needed to rejig the weakened economy.

Also, as a result of the rising rate of infections, the continuous global melt, the increasing unemployment on account of layoffs in all sectors of economy, the Minister said,  the  economic growth could contract to about -8.9% in 2020, in the worst-case scenario and -4.45 in the best-case scenario without any form of stimulus to the economy.

To prevent a potential deep recession, accelerate quick recovery of the economy and carry on with the estimated stimulus package, the Minister announced that the current total estimated stimulus package by the Federal Government of Nigeria was N2.3 trillion.

This package, according to Agba, consisted of N500Billion FGN interventions fund, N1.2T CBN intervention funds, N334B BOI/Bilateral/Multilateral interventions and additional FGN support of N300B. "A common feature of these interventions is that they would create a large number of jobs, empower farmers and entrepreneurs, use up to 100% of local materials, conserve foreign exchange and have guaranteed offtake of outputs, especially in agriculture and housing."

He also said that Federal government was taking steps to increase non-oil revenue generation through VAT reforms in the Finance Act 2020, customs administration enhancement, tax incentives and exemptions, increase remittances and recovery of unremitted revenues from GOEs, increase revenues from cross-border business transactions, unlock value from FG assets that were lying idle or under-utilized, etc.

Agba therefore urged States to emulate the economic recovery steps taken by the Federal government by coming up with more policy options for a quick recovery of the economy with the following measures in mind: Adopt a targeted and integrated policy response; Deal decisively and proactively with public health safety issues; Consider a new 2020 budget across the States to reflect new realities and develop sectorial responses that addresses immediate needs, among others.

Earlier in her remarks, the Permanent Secretary, Budget and National Planning, Mrs. Olusola Idowu, said that the meeting was very significant as it provided participants with the opportunity to chart a new course towards the development of the country amidst the COVID-19 pandemic. “Together, we will strive towards addressing the challenges posed by the novel corona virus pandemic’’ Idowu stressed.

She appreciated various presenters, panelists, State Commissioners and other attendees saying that the dialogue was a springboard to develop workable solutions for the national economic challenge.

Dignitaries at the meeting were: DG Small and Medium Enterprise Development Agencies of Nigeria (SMEDAN), Dr. Dikko Umaru Radda, Executive Director/CEO, Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo, CEO Bank of Industry, Mr. Olukayode Pitan and National Programme Manager, DFID-PERL, Ifeanyi Peters Ugwuoke, among others.

 

Victoria Agba-Attah

Director Information.

30th June, 2020.

FG INAUGURATES TWGs TO DEVELOP THEMATIC AREAS OF MEDIUM AND LONG-TERMS NATIONAL DEVELOPMENT PLANS

 
 

The Federal Government has inaugurated Technical Working Groups (TWGs) for the development of the thematic areas of the two new Medium-Term National Development Plans (MTNDP 2020 – 2025 and MTNDP 2026-2030) and the long-term national development plan, christened "Nigeria Agenda 2050".

Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, who performed the virtual inauguration on Thursday, said the initiatives were designed to produce successor plans to the current Nigeria Vision 20:2020 and the Economic Recovery and Growth Plan (ERGP 2017-2020), which would both come to an end in December, this year. 

According to Agba, "The Plans are to address development challenges in all aspects of the country’s national life within the agreed time frame."
He said that the new long-term perspective plan (Agenda 2050) would be a "true National Development Plan’’ different from previous plans, since the Federal Government would only act as an enabler while the development of the plan would be driven by the organized private sector.

Agba disclosed that the planning process would be inclusive and participatory with full involvement of the sub-nationals (State and Local Governments) with major political parties, the National Assembly, representatives of women organisations and youths, the physically-challenged persons, religious groups and other relevant stakeholders. 

“The aim of this all-inclusive approach is to have a true national, and comprehensive National Development Plan, where we use our diversity as our strength in the development of our economy,” the Minister stated.
He disclosed that the governance structure of the new Plan was in three layers, with TWGs as the base where all technical works would be carried out before escalation to the Central Working Group (CWG) which has the oversight functions on the TWGs. 

According to him, the CWG is headed by Special Adviser to the President on Finance and Economy, Mrs Sarah Alade, while the Steering Committee is chaired by Sir Atedo Peterside and co-chaired by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed with members drawn from various sectors of the economy, including six governors representing the geo-political zones.

The Minister said he looked forward to receiving from the groups robust and implementable plans, stressing that the groups must work towards submitting their reports within the stipulated deadlines.
He stated that the TWGs should produce and submit final reports of their thematic areas for the first MTNDP 2021 – 2025 report to the Central Working Group, not later than September 31, 2020 and the second MTNDP 2026 – 2030 on February 21, 2021; while final report for the Nigeria Agenda 2050 should be submitted in July 2021.
The minister commended the patriotism of members of the various TWGs in making themselves available for the exercise despite the daunting challenges associated with the prevailing social distancing, occasioned by COVID-19 pandemic.
He charged the Groups not to lose sight of the important role Nigeria was playing in the global economy and urged them to ensure that the plan was comprehensive and had the capacity to accelerate the attainment of various regional and global Agendas, including the AU Agenda 2063, ECOWAS integration Agenda and the Sustainable Development Goals 2030.
He stated that the Federal Ministry of Finance, Budget and National Planning had agreed on the economic models to be used. 

According to him, the economic and Input – output models would be used for the preparation of the macroeconomic framework for the MTNDP 2021- 2025 and MTNDP 2026-2030 while Dynamic Computable General Equilibrium (CGE) and System Dynamic-based integrated Sustainable Development Goals Simulation (iSDG) Models would be used for Nigeria Agenda 2050.
The various TWGs in charge of different thematic areas were categorized under three (3) groups for ease of coordination and inauguration: Human Capital and Natural Resources, for Group – One; Infrastructure and Business Environment, Trade and Technology, for Group – Two; and,  Agriculture and Water Resources and Cross Cutting Issues, for Group - Three, respectively.

Earlier, in her welcome address, the Permanent Secretary, Budget and National Planning, Mrs Olusola Idowu, reiterated that the inauguration of a successor Development Plan became imperative given the fact that the extant plans (Vision 20:2020 amd ERGP 2017-2020) would terminate in December 2020.
Idowu said that government identified 26 broad and key thematic areas of the economy on which TWGs had been set to up.
She maintained that government had confidence in the experience and expertise of members of the committee in implementing a robust and implementable plan.

Responding on behalf of the TWGs, the Coordinator of Population and Identity Management TWG, Mr. Niyi Ajao, the Coordinator of Infrastructure, Engineer Adekunle Mokuolu and Coordinator of Cross -cutting issues (employment, gender and people with special needs), Dr. Amina Salihu, appreciated the Federal Government for finding them fit for the task.
They pledged their full commitment in delivering excellent and implementable report for the benefit of moving the Nigerian Economy forward.

To facilitate their works, the Groups are to: review existing plans, policies, programmes and projects in their thematic areas; conduct SWOT analysis of  their thematic areas/sectors; review the assumptions, parameters and forecasts used in the previous sectoral plans and align them with current realities; and consult relevant Ministries, Departments and Agencies in their thematic areas for the relevant data.
 
Signed
Victoria Agba-Attah
Director, Information,
11th June, 2020

CANCELLATION OF INVITATION TO TENDER AND EXPRESSION OF INTEREST (EOI)

FEDERAL MINISTRY OF FINANCE, BUDGET & NATIONAL PLANNING (BUDGET & NATIONAL PLANNING)

CANCELLATION OF INVITATION TO TENDER AND EXPRESSION OF INTEREST (EOI)

Reference to our Invitation to Tender and Expression of R Interest (EoI) as published in Daily Trust Newspaper of thT uesday, April 7 2020 (page 21) , The Nation Newspaper of Monday, April 6 , 2020 (page 27) and Federal the Tender Journal of  Monday, 11 May, 2020 (page 5); we hereby inform the general public of our decision to cancel the published advertisements in public interest and on the premise of the Covid-19 restriction on movement which adversely restrained prospective Contractors/Consultants from responding to the Advertisement.
The Ministry regrets the cancellation of the Invitation to Tender and Expression of Interest  and appeal to Contractors/Consultants for any inconvenience this might have caused and wish to inform you that the Ministry will always act in public interest and the common good of the Nation.  
Thank you for your usual support and cooperation.
Permanent Secretary Budget and National Planning

 FG TASKS FORUM ON COVID-19 IMPACT

The Federal Government has tasked the Community of Practice (CoP) to join hands in minimizing the impact of Covid -19 on Nigeria’s economy. 
 
The Honorable Minister of State, Budget and National Planning, Prince Clem Ikanade Agba, gave this charge at the 10th edition of Community of Practice (CoP) meeting, with the theme: ‘’Minimizing the Impact of Covid-19 Pandemic on the Nigerian Economy: A strategic Approach’’ recently, in Abuja.
 
The Meeting which was organized by the Federal Ministry of Finance, Budget and National Planning, the Budget and National Panning arm, in collaboration with the UK’s DFID and Partnership to Engage Reform and Learn(PERL) was an opportunity for the Federal Government, State Commissioners of Budget and Economic Planning and other Stakeholders to discuss ways of mitigating impact of Covid-19 pandemic on States economy and the nation in general.
 
In his keynote address, the Minister said that the Covid -19 pandemic had so far affected 34 States and the FCT, paralyzing economic activities and causing loss of income for households and businesses.
 
According to Agba, the Bonny Light crude oil price droped from a peak of US$72.2 per barrel on January 7th,2020, to below US$20 recently (a fall below the budget benchmark of US$57/b) and there had been a global shutdown in virtually every area of manufacturing, services and commerce.
 
He also stated that non-oil revenue, largely made up of taxes, had also practically dried up. “This is because businesses are not working, due to the pandemic-inspired shut down in Nigeria and the world over. Consequently, businesses would suffer crippling losses with ultimate impact on employment, thus the need for Economic Sustainability Programs’’ he said.
 
In his presentation, titled, Economic Sustainability Programs 1,2 and 3, the Minister stressed that there was urgent need to reduce the impact of the pandemic, reduce the decline in economic activities and ensure diversification of the economy.
 
 Agba said that, the Federal Government was committed to: Building a resilient Health System (COVID-19 Health) through favorable tariff to support domestic pharmaceutical companies and allied manufactures; Improvement of infrastructure in public secondary and tertiary health institutions; stimulation of Jobs and Food for All: Agriculture and Food Security by creating many jobs; focusing on increasing land under cultivation with States Governments while contributing between 20,000 to 100,000 hectares and constructing rural road on Agro- corridor to facilitate transportation of agricultural product to markets.
 
 He also mentioned that the Federal government had set out to create jobs for youths, Post COVID-19; through Mines and Steel Development; Artisanal and Small-Scale Miners in Six zonal clusters.
 
On Social Investment Programme, the Minister said that government would focus on supporting small businesses, give bailout support to Aviation Sector, WASH programme and Energy for All: Solar Power Strategy, among others.
 
Agba however noted that most of the Federal Government intervention programs would require active state and local government participation and support to achieve the desired success. ‘’ We need active participation from stakeholders in the on-going Nigeria Agenda 2050 and Medium-Term National Development Plan (2021-2025).
 
 States and local government are to, participate at steering committee level and the various Technical Working Groups” he emphasized.
 
Speaking earlier, the Permanent Secretary, Budget and National Planning, Mrs Olusola Idowu, maintained that the theme of the meeting was apt and timely considering the prevailing global circumstances.
 
She, therefore, expressed her gratitude towards UK’s DFID-PERL for their support towards the successes of the CoP meetings and their sustained back-up to the CoP/NEC Secretariat.
 
 
Other presenters at the forum were, the Director General (DG), Budget Office of the Federation, Mr. Ben Akabueze and the Director, Macro-Economic Analysis, Budget and National Planning, Mr. David Adeosun.
 
Victoria Agba-Attah
Director, Information (BNP)
8TH May, 2020.

Invitation for Tenders and Expression of Interest

THE FEDERAL REPUBLIC OF NIGERIA

FEDERAL MINISTRY OF FINANCE, BUDGET & NATIONAL PLANNING

(BUDGET & NATIONAL PLANNING)

INVITATION FOR TENDERS AND EXPRESSION OF INTEREST (EOI)

 

1.            INTRODUCTION

The Federal Government of Nigeria has made provision in the 2020 Appropriation Act for the Federal Ministry of Finance, Budget & National Planning (FMFBNP). The Ministry, in pursuance of the Federal Government's Economic policies aimed at improving the lives of ordinary Nigerians, desires to utilise part of the provision to procure Goods, Works and Services to the benet of Nigerians.

In compliance with the Public Procurement Act 2007, the Ministry therefore invites interested, competent and reputable Suppliers, Manufacturers, Contractors and Consultants/Service Providers with relevant experience and good track record to submit documents necessary for consideration for the execution of the under-listed projects:

  1. SCOPE OF SUPPLIES/SERVICES                                                 

      

S/N LOT        PROJECT DESCRIPTION CATEGORY A (GOODS)  

  • MBNP/A1 Printing and dissemination of 2,500 copies of the interim and      Final reports of the Performance of the Nigeria Economy 2019        and 2020
  • MBNP/A2  Printing of the Reviewed National Integrated Infrastructure   Master Plan (NIMP) 2014-2043
  • MBNP/A3 Procurement of Hardware and Software for the Economic                      Intelligence Desk (EID).
  • MBNP/A4 Production and Printing of Draft Medium Term National   Development Plan (MTNDP) 2021-2025.
  • MBNP/A5 Procurement of Laptops, computer Accessories and                                   Consumables
  • MBNP/A6 Procurement/Installation of 40 KVA Inverter & Solar panels with capacity of Solar and electric charging for the Ministry
  • MBNP/A7 Supply  of ofce furniture 
  • MBNP/A8 Provision of Suitable Ofce Accommodation as Committee Secretariat for the MTNDP and NA 2050 within Central  Business District, Abuja  
  • MBNP/A9 Supply and Installation of Routers & Switches and Fibre Optic Cabling.

                                                       CATEGORY B (CONSULTANCY)                      

  • MBNP/B1 Development of website for preparation of successor National Development Plans: MTNDP 2021-2025 and Nigeria Agenda 2050
  • MBNP/B2 Media coverage and documentary production of the Programme of works for      the Development Plans: MTNDP 2021- 2025 and Nigeria Agenda 2050.
  • MBNP/B3 Process support to the Technical Working Groups (TWGs) for the Preparation of Medium Term National Development Plan  (MTNDP) 2021-2025 and Nigeria Agenda 2050.
  • MBNP/B4 Provision of Technical Services for the Secretariat for the  Preparation of Medium Term National Development Plan (MTNDP), 2021    -2025 and Nigeria Agenda 2050.
  • MBNP/B5 Content and Copy Editing of the Medium Term National Development  Plan (MTNDP), 2021-2025 and Nigeria Agenda 2050
  • MBNP/B6 Development of Computable General Equilibrium (CGE) and  Intergrated Sustainable Development Goals (iSDGs) Models for the preparation of Long Term Development Plan-Nigeria Agenda 2050.
  • MBNP/B7 Development of Econometrics and Input -Output Models of the Nigeria Economy for the preparation of the Medium Term National Development Plan 2021-2025
  1. ELIGIBILITY REQUIREMENTS:

Please note that only Service Providers/Consultants with relevant skilled experience and track record of performance in the execution of similar projects need to apply. Consequently competent Contractors, Suppliers and Service Providers/Consultants who adjudge themselves qualied and wish to carry out any of the projects listed under the above two (2) categories are required to submit the following documents;

  1. Evidence of Certicate of Incorporation issued by Corporate Affairs Commission (CAC) including Forms CAC 1.1, CAC2 and CAC7;
  2. Evidence of Company's Income Tax Clearance Certicate for the last three (3) years valid till 31stDecember, 2020, with a Minimum Average Turnover of N25,000,000 for Category A and N50,000,000 for Category B;
  3.  Evidence of current Pension Compliance Certicate valid till 31stDecember, 2020;
  4. Evidence of current Industrial Training Fund (ITF) Compliance Certicate valid till 31st December, 2020;
  5. Evidence of current Nigerian Social Insurance Trust Fund (NSITF) Compliance Certicate valid till 31stDecember, 2020;
  6. Evidence of Registration on the National Database of Federal Contractors, Consultants and Service Providers by submission of Interim Registration Report (IRR) expiring on 31st January, 2021 or valid Certicate issued by BPP;
  7. Sworn Afdavit disclosing whether or not any ofcer of the relevant committees of the Federal Ministry of Finance, Budget & National Planning or the Bureau of Public Procurement is a former or present Director, Shareholder or has any pecuniary interest in the bidder and conrm that all information presented in its bid are true and correct in all particulars;
  8. Company's Audited Account for the last three (3) years, 2017, 2018, 2019.
  9. Evidence of nancial capability to execute the project by submission of Reference Letter from a reputable Commercial Bank in Nigeria, indicating willingness to provide credit facility for the execution of the project when needed; in addition to evidence of turnover of at least N25m in the last three years (2017,2018,2019).
  10. Company's Prole with Curriculum Vitae of relevant Key Staff to be deployed for the project, including c o p i e s o f t h e i r A c a d e m i c / P r o f e s s i o n a l Q u a l i  c a t i o n s ( e . g . P M I , ,COREN/ARCON/CORBON/SURCON/QSRBN etc for Works;  ANAN, ICAN, Reporting Council, NSCDC/Security, ESVARBON/Estate Surveying etc
  11. Evidence of rm's registration with relevant professional body e.g NAICOM/Insurance, EHORECON/Cleaning Service, NITDA/CPN/Information, Technology Services ICAN/ ANAN/Financial

  12. Veriable documentary evidence of at least three (3) similar jobs executed in the last ve (5) years including Letters of Award, Valuation/Job Completion Certicates and Photographs of the projects;
  13. List of Plants/Equipment with Proof of Ownership/Lease/Agreement for WorksClearance, Pension Compliance Certicate, ITF Compliance Certicate, NSITF, IRR and Sworn Afdavit are compulsory for each Joint Venture partner);
  14. All documents for submission must be transmitted with a Covering/Forwarding Letter under the Company/Firms Letter Headed Paper bearing amongst others, the Registration Number (RC) as issued by the Corporate Affairs Commission (CAC), Contact Address, Telephone Number (preferably GSM Number), and E-mail Address. The Letter Headed Paper must bear the Names and Nationalities of the Directors of the Company at the bottom of the page, duly signed by the authorized ofcer of the Company; and
  15.  *Note that documents/information must be arranged and submitted in the sequence/order as listed above*

  1. COLLECTION OF BID DOCUMENTS Category A (Goods):

Interested Companies are to collect the Standard Bidding Document (SBD) from the Ministerial Tenders Board Secretariat, Budget & National Planning, Federal Ministry of Finance, Budget & National

Planning. 2nd Floor, Room 214, Plot C31010 Adekunle Fajuyi Street, Central Business District, Abuja, on evidence of payment of a non-refundable Tender fee of N10,000.00 (Ten Thousand Naira) only, per Lot, paid into the Remita Account/TSA of the Federal Ministry of Finance Budget and National Planning (Budget & National Planning)  in any reputable Commercial Bank in Nigeria. (The TSA Account Number is 3000 060495 NUBAN.

  1. SUBMISSION OF TENDER DOCUMENTS
    • Category A (Goods)

Prospective Bidders are to submit bid for each of the Lot desired in two (2) hard copies of the Technical Bid and two (2) hard copies of Financial Bid (including soft copy of Financial Bid in MS Excel format), packaged separately in sealed envelopes and clearly marked 'Technical Bid” or “Financial Bid”. Thereafter, put the two sealed envelopes together in a bigger envelope addressed to the Permanent Secretary, Budget & National Planning, Federal Ministry of Finance, Budget & National Planning. 2nd Floor, Room 214, Plot C31010 Adekunle Fajuyi Street, Central Business District, Abuja, and clearly marked with the Name of the Project and Lot Number. Furthermore, the reverse of each sealed envelope should have the name and address of the Bidder and should be deposited in the Tender Box at the address in 4 above, not later than 12.00 noon on Monday, 18th May, 2020. Late bids shall be returned un-opened.

  • Category B– Expression of Interest:

Interested Firms are to submit two (2) bound copies of Expression of Interest (EoI) documents, separated by dividers. The documents should be submitted in a sealed envelope and addressed to the Permanent Secretary, (Budget & National Planning) Federal Ministry of Finance, Budget & National Planning. 2nd Floor, Room 214, Plot C31010 Adekunle Fajuyi Street, Central Business District, Abuja, and clearly marked with the Name of the Project and Lot Number. Furthermore, the reverse of each sealed envelope should have the name and address of the Bidder and should be deposited in the Tender Box at the address in 4 above, not later than 12:00 noon on Monday, 4th May, 2020.

  1. OPENING OF BIDS/EOI DOCUMENTS1 Category A ( Goods):

Only the Technical Bids will be opened immediately after the deadline for submission at 12.00 noon on Monday 18th May, 2020, at the Conference Room, Federal Ministry of Finance, Budget and National Planning, Plot C31010 Adekunle Fajuyi Street, Central Business District – Abuja, in the presence of Bidders or their representatives, while the Financial Bids will be kept unopened. Please, ensure that you sign the Bid Submission Register at the address stated in 4. above, as the Ministry will not be held liable for misplaced or wrongly submitted bids.

6.2        Category B – Expression of Interest: 

Expression of Interest (EoI) documents will be opened immediately after the deadline for the submission at 12.00 noon on Monday, 4th May, 2020, at the Conference Room, 4th Floor, Federal Ministry of Finance, Budget and National Planning, Plot C31010 Adekunle Fajuyi Street– Constitution Avenue, Central Business District- Abuja, in the presence of Bidders or their representatives. Please, ensure that you sign the Bid Submission Register at the address stated in 4 above, as the Ministry will not be held liable for misplaced or wrongly submitted bids.

  1. GENERAL INFORMATION
  2. Bids and Expressions of Interest must be in English Language and signed by an ofcial authorized by the bidder;
  3. Further details are as specied in the Bid Documents and each shall be evaluated and awarded as a separate Lot/Project;
  • Bids and Expressions of Interest submitted after the deadline for submission would be returned unopened;
  1. Bidders should not bid for more than two (2);
  2. Only shortlisted rms for Category B will be contacted at a later date for collection of Tender

Documents; vi. All costs will be borne by the bidders as the Ministry will not be held responsible for any cost or expenses incurred by any interested party(ies) in connection with any response to this invitation;

  • Non-compliance with the Conditions stated therein will lead to automatic disqualication of the bidder from the bidding process;
  • The Ministry is not bound to pre-qualify any bidder and reserves the right to annul the procurement process at any time without incurring any liabilities in accordance with Section 28 of the Public

Procurement Act 2007 ix. Further enquiries, please contact Procurement Department between 9.00 am to 3.30 pm (Mondays - Fridays) at the address:

  1. Non- Governmental Organizations, Civil Society, Professional bodies and Members of the general public are invited for the public opening of the bids on the date stated above.

Federal Ministry of Finance, Budget and National Planning, Ministerial Tenders Board Secretariat

(Budget & National Planning)

2nd  Floor, Room 214

Plot C31010, Adekunle Fajuyi Street, Central Business District, Abuja


 

FIND HERE THE TENDER ADVERT DOCUMENT

Contacts

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  Ministry Of Budget And National Planning
C31010 Adekunle Fajuiyi Street
Central Business District Abuja Abuja FCT Nigeria

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