2010 Budget: Presidency orders submit Performance Appraisal.

On January 27, 2011 · In News
1:04 am

BY DANIEL IDONOR
ABUJA—THE Federal government yesterday directed all Ministries, Departments and Agencies, MDAs to as a matter of necessity furnish it with their performances for the year, 2010, as government begins assessment of the budget performance for the 2010 fiscal year.
The Minister of Information and Communication, Mr. Labaran Maku stated who briefed State House Correspondents shortly after the weekly Federal Executive Council meeting presided over by President Goodluck Jonathan.

According to him, the order became necessary to enable the federal Government concentrate on the assessment of the performance of the 2010 budget, as well as the formulation of new policies ahead for 2011, from the next Federal Executive Council meeting.

“The federal Executive Council at its meeting presided over by President Goodluck Jonathan today took far reaching decisions. Today marks the end of contract awards under the 2010 budget , so as from the next FEC meeting we will no longer award contracts. All the MDAs have been mandated to submit their 2010 performance to enable us concentrate of policy formulations” he stated.

Vanguard gathered that the performance assessment is to enable government re-appraise its priorities and concentrate on those areas that lacked adequate attention under the 2010 budget.

“Every MDAs have been asked to prepare a progress report on all contracts so far awarded, so that Nigerians can see the state of the contracts and the progress made in all the various sectors into which we have committed a lot of resources” he said.

He added that “from subsequent meetings, you are now going to hear the reports of all the contracts. It is not just enough to award contracts, we also want to know what has been achieved and the level of the performance of the2010 budget” he said.

Mr. Maku disclosed that at part of President Jonathan’s commitments to improving agriculture in the northern part of the country, he has ordered the completion of all dam projects currently going on in the area, including the abandoned Ganye dam in Adamawa State and the Kontagora dam in Niger State

The Minister then announced the award of contracts for the completion of the Hadeija Valley Irrigation project in Jigawa state, which was first awarded in 2001 but was abandoned by the previous government at the cost of N5.908 Billion.

The project, he said, was abandoned at 80 percent completion when the contractor requested for an upward review of the contract sum to N10, 333, 167, 334.42, representing an augmentation of N4,424,923,799.38.

He noted that the project when completed will provide irrigation in 2 stages covering at total of 12,500 hectors.

The federal Executive Council also announced the award of contract for the establishment of E- Passport Public Key Directory, PKD which will make it easier to verify personal data information contained in the current E-Passport both locally and internationally.

“Other benefits of the PKD include provision of fast and secured means of validating e-passport; easy detection of compromised or forged documents, making it easy for citizens to travel internationally, and allowing states to improve security at international borders”.

The contract for the new PKD E-passport project is expected the gulp the sum of N229.125Million.

Earlier, the Minister of Finance, Dr. Olusegun Aganga, also briefed State House Correspondents on the successful launch of the 500 Million US Dollars Debut Eurobond Offering, which he said will serve as benchmark for private borrowers; including such as banks, oil and gas companies and manufacturers.

The bond, he said, will also act as a catalyst in further stimulating and accelerating the country’s growth by bridging the gap between Nigerian corporate and global investor community

Comments are moderated. Please keep them clean and brief.
blog comments powered by Disqus>