The Lagos Chamber of Commerce and Industry (LCCI), has advocated the implementation of the executive order tagged, Executive Order 5, to improve local content in public procurement with science, engineering and technology components. According to the Chamber, the quality of implementation of this and previous directives is what will make the real difference in the outcomes and impact. The Chamber noted that there should be a credible ground to dispute the value of invoice on imports.“Most of the prices are global prices and are easily verifiable online. In many of the instances, the actions of the NCS have no bearing with these global prices. Regrettably, there is no dependable dispute resolution framework in place to ensure speedy resolution of such disputes,” the Chamber added.
Source: The Guardian February 14, 2018 01:41 UTC