By Naomi Uzor
THE Kaduna Chamber of Commerce, Industry, Mines and Agriculture, KADCCIMA, has called on the government to revise the Procurement Act.
Speaking at the opening ceremony of the 38th Kaduna International Trade Fair, weekend, with the theme “Promoting Public Partnership as Panacea for Accelerated Growth and Development”, the President of KADCCIMA, Dr. Muheeba Dankaka, stated: “The Procurement Act should be thoroughly revised to shorten bureaucratic bottlenecks. Also of importance is the need to raise the maximum ceiling of mobilisation to contractors from the current 15 per cent to between 35 – 44 per cent.”
According to her, for the private sector to fulfill its role as a partner to government, “government must endeavour to keep to its obligations to the business community. Funds should be released in a timely manner to cover contractual obligations even if those contracts were entered into in previous administrations. Only then can the government regain and retain the trust needed for a smooth relationship with the private sector.
“Government must learn to reduce its footprint in economic activities and allow markets to operate efficiently according to prevailing market forces. This is especially true of international trade and the foreign exchange market that facilitates it” she said.
She also stated that the involvement of the private sector in reversing the recession is not just desirous but necessary to help take the country out of its current economic state.