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Ahead of the choice of preferred bidders for Capital projects in 2024, Management of Nigerian Railway Corporation, NRC has after verification and authentication of documents submitted by 254 companies that bidded for Capital projects, shortlisted some companies that submitted required documents.
Managing Director of the Corporation Engr. Fidet Okhiria who declared the bidding process for Capital projects in 2024 opened in Lagos recently said the purpose of the open bidding was to ensure transparency.
The managing director who was represented by director administration and human resources Dr. Monsurat Omotayo said the bidding process is an annual ritual in line with the procurement act and extant rules.
According to him, it is also in line with government policy to get suitable organisations so as enhance the renewed hope agenda of the present administration.
The director procurement, Mr Ben Iloanusi in his remarks at the occasion said, “The bidding is aimed at checking the eligibility criteria as regards submission of documents required in the advert placement”.
According to him, the Federal government has budgeted ₦11billion for Capital projects in the corporateion this year.
He stated that the implementation of the budget will be based on priority and release of fund.
