FG makes leasing registration mandatory for procurement contracts
The Federal Government has made the Equipment Leasing Registration Authority certificate a mandatory requirement for contractors seeking public procurement Read More: https://punchng.com/fg-makes-leasing-registration-mandatory-for-procurement-contracts/
The Federal Government has made it mandatory for contractors seeking public procurement contracts involving equipment leasing to hold an Equipment Leasing Registration Authority (ELRA) certificate. Failure to comply with this new requirement will result in procurement approvals and contract awards not being granted. The Bureau of Public Procurement (BPP) issued a statement and circular to this effect, urging procuring entities to ensure strict compliance.
The directive aligns with Section 13 of the Equipment Leasing Act, 2015, and necessitates the inclusion of compliance with lease registration as an eligibility criterion for bids involving equipment leasing.
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