Topic- a Legal Overview of the Public Procurement act, 2007 (as Amended 2016), Laws of the Federation of Nigeria, 2004

International Journal of Humanities and Social Science

© 2018 by SSRG - IJHSS Journal

Volume 5 Issue 3

Year of Publication : 2018

Authors : Onyedikachi Okere and Ngozi Maureen Idih

10.14445/23942703/IJHSS-V5I3P107

How to Cite?

Onyedikachi Okere and Ngozi Maureen Idih, "Topic- a Legal Overview of the Public Procurement act, 2007 (as Amended 2016), Laws of the Federation of Nigeria, 2004," SSRG International Journal of Humanities and Social Science, vol. 5,  no. 3, pp. 22-24, 2018. Crossref, https://doi.org/10.14445/23942703/IJHSS-V5I3P107

Abstract:

The Public Procurement Act of Nigeria is a piece of legislation passed by the Nigerian National Assembly on the 4th of June, 2007 to streamline bidding processes in public procurements and ensure the entrenchment of fairness, inclusiveness, diversity and equality in wealth creation and distribution. Persons and corporations, whether indigenous or allied with foreign partners, are given a level playing field to participate in the economy. This paper discusses the purpose, process and preliminary requirements for bidders to succeed in procurement as well as the bottlenecks in the way of industry practitioners. The paper highlights the obvious gaps in the law and makes recommendations for the improvement of the legal provisions as presently stated in the overall interest of national development and support for local content in Nigerian entrepreneurship.

Keywords:

Act, Bidder, Bureau, Bidder, Law, Procurement.

References:

[1] Public Procurement Environmental Agency, Ireland- www.epa.com. 
[2] https://en.m.wikipedia. 
[3] [Public Procurement Act, 2007.] 
[4] Company and Allied Matters Act 1990