Following a directive by the Federal Executive Council (FEC) at its meeting, yesterday, the Bureau of Public Procurement has issued a new threshold on procurement of goods and services by Ministries, Departments and Agencies (MDAs).
Addressing newsmen after the Council meeting at the State House, Abuja, Information and National Orientation Minister, Mohammed Idris, disclosed that upon the approval by President Bola Tinubu, FEC directed the Bureau for Public Procurement to communicate the new threshold on procurement of goods and services.
He said: “You will agree with me that the threshold has been there for a very long time, and this is also contributing to the number of members that come to the Council for approval. So there is a new approval.
“Details will be communicated by the Bureau of Public Procurement. This will notify MDAs on the new threshold for project goods and services.”
