In a recent speech in Abuja, the Solicitor-General of the Federation and Permanent Secretary, Federal Ministry of Justice, emphasized the need for the government to learn from past contract mistakes, particularly the P&ID debacle, and take steps to safeguard itself in future agreements. She highlighted the importance of being well-prepared in negotiations, as observed in agreements made by other nations with Nigeria.
During the launch of federal contracts process and administration, she underscored the significance of implementing measures to enhance operational efficiency and reduce financial risks. The Solicitor General expressed concerns over the lack of clarity and developmental challenges arising from contracts, despite existing legislative frameworks like the Public Procurement Act and Fiscal Responsibility Act.
She cautioned against undermining laws and emphasized the importance of maintaining high standards in agreements brought forth by the ministry staff. The permanent secretary stressed the role of legal advisors in preventing failed contracts and their consequences.
The Deputy Director of the Ministry of Justice outlined that the launch aimed to provide guidance to the ministry and its departments on effectively managing contracts to achieve desired outcomes. One key objective was to prevent unnecessary projects by reviewing feasibility studies, Public-Private Partnership arrangements, funding plans, and conducting due diligence.
The Chief Consultant to the ministry reiterated the government’s commitment to proactive measures to avoid a repeat of past contract issues. The new strategy involves a more strategic approach to projects and contracts, engaging specialists to reduce the risk of project failure and ensuring proper processing and recording of contracts.
Overall, the government is focused on executing high-value projects with caution to minimize contract failures and avoid hefty payments for unsuccessful agreements in the future.