Lagos introduces new classification, price schedule for public procurement

…ranges from N250,000 to N20b

Lagos State Government has introduced a new classification and price schedule for public procurement for contractors, consultants and service providers interested in doing business with government.

The new price regime is in compliance with the Lagos State Public Procurement Agency Law, economic realities and the ease of business.

In a statement issued by the Office of Head of Service of Lagos State and signed by the General Manager, Mr Fatai Idowu Onafowote, the Head of Service, Mr. Hakeem Muri-Okunola stated that it meant to achieve transparency.
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He said, “in a bid to ensure a transparent, competitive, inclusiveness, sustainable and value- for – money Public Procurement system that support the State Development Goals and engenders Public confidence, the Lagos State Public Procurement Agency has designed the new categorization and price schedule for Contractors/ Suppliers/ Consultants Registration in Lagos State.’’

The statement also stated that the objective in introducing the new classification and price schedule is to encourage the participation of Small and Medium Scale Enterprises thereby creating a new class of Entrepreneurs.

“The move is further aimed at boosting internally generated revenue by creating a new price schedule for contractors, consultants and service providers.

The rates for the different classification ranges from N250, 000 to N20b both for registration and renewal.

The new registration fees and classification takes immediate effect in compliance with the circular from the Office of Lagos State Head of Service and approval of the Governing Board of the Agency.