Executive Order No 1: BPP Clarification on Pension Requirement for Employees Of Companies

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Sunday, November 04, 2018   09.16AM / By Bureau of Public Procurement

 

This is to refer to the letter Ref. No. MJ/DSD/BPP/1 dated 10th January, 2018 from the Federal Ministry of Justice (FMoJ), which gave interpretation of Section 2(2&3) of the Pension Reform Act, 2014 as regards mandatory coverage (minimum number of employees) of the Contributory Pension Scheme (CPS) for private sector organisations with particular emphasis on micro and small business enterprises and in the spirit of the Executive Order (EO-1).

 

In the light of the above, Part II of the Pension Reform Act, 2014 shall be applicable to all private organisations in which there are fifteen (15) or more employees/staff in their organisation.

 

Therefore, evidence of participation in the Contributory Pension Scheme (CPS) shall be a mandatory requirement for organisations/employers with fifteen (15) or more employees/staff, to participate in public procurement.

 

Meanwhile, in line with the spirit of the Executive Order (EO-1), participation in Contributory Pension Scheme (CPS) by micro and small Business enterprises, in particular organisations/employers with less than fifteen (15) employees/staff or self-employed is not mandatory.

 

Therefore, evidence of participation in the CPS shall no longer be a mandatory requirement for organisations/employers with less than fifteen (15) employees/staff or self-employed, to participate in public procurement.

 

 

Relevant Resources On Public Procurement in Nigeria

  1. Clarification on Pension Requirement for Employees
  2. Benin Republic Advertisement
  3. BPP Stakeholder Sensitization on Category Matrix
  4. 2018 Conversion Amended List of Participants
  5. Reporting Templates for Local Content in Procurement 
  6. Launch of the Nigeria Open Contracting Portal 
  7. APPROVED POLICY FOR PROCUREMENT OF HEALTH AND MEDICAL EQUIPMENT
  8. UPGRADE OF NATIONAL CONTRACTOR DATABASE
  9. Standard Procurement Processing Time Circular
  10. NEW CIRCULARS ON USE OF BID DOCUMENTS AND PROCUREMENT TIMELINES
  11. PUBLIC PROCUREMENT CAPACITY VERFICATION FORM
  12. REQUIREMENTS FOR ISSUANCE OF NO OBJECTION
  13. REGISTRATION PROCEDURE
  14. List of Accredited Locally Manufactured Vehicles
  15. List of Registered Companies on BPP Database with their IRR
  16. PriceList of Items for Budgeting
  17. Accreditation of Civil Society Organizations by the BPP
  18. Issuance of BPP Certificate for classified companies
  19. Renewal of Interim Registration Report for Registered Companies
  20. List of Classified Companies on the National Database (1st Batch)

 

 

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