Federal Government Announces list of Companies Allowed to Apply for Its Contract
- The Federal Government has produced a list of 25,654 Nigerian companies eligible to bid on ministry contracts
- The list was produced based on companies' compliance with employee pensions and insurance
- The companies listed are from media to health and agriculture and banks, among several others
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The National Pension Commission has announced it has issued clearance certificates to 25,654 companies in Nigeria.
With the clearance, the organizations can now bid for contracts in Ministries, Departments and Agencies for 2022.
The list was posted on the PenCom website titled ‘schedule of employers issued with certificate of compliance with provisions of the PRA 2014 as at 20 June, 2022’ was obtained by Legit.ng.
Source: UGC
Requirements to get a federal government contract
According to the National Pension Act’s laws, a company must have passed the minimum requirement of opening a pension account and life insurance cover for a company to qualify for the certificate.
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It stated that companies with no insurance coverage for their workers will not be allowed to do any government business.
PenCom believes that with the regulation, companies would ensure that there is appropriate pension accounts for their workers.
Penalty for not paying workers pension
Section 11 (6) of the Pension Act 2014 states that any employer who fails to remit the contributions within the time prescribed shall, in addition to making the remittance already due, be liable to a penalty to be stipulated by the commission.
The penalty, according to the pension law, will not be less than 2 per cent of the total contribution that remains unpaid for each month or part of each month that the default continues, and the amount of the penalty will be recoverable as a debt owing to the employee’s retirement savings account as the case may be.
If, after seven days of the payment of salaries, any employer refuses to remit the pension contributions of his employee to the PFA, the PFA is obligated to report the employer to PenCom if the funds are not received by the 14th day from the payment of salaries. Such an employer will be liable to a penalty in addition to the funds due, a senior official of PenCom said.
Some of the companies on the list
- Lek-sun Total Projects Limited
- Emma-Gemma Departmental Stores Ltd
- Azzahabi Nigeria Limited
- Datum Construction Nigeria Ltd
- BT Salis Associates
- PDF Absolute Designs Ltd
- Mb&P Global Services Limited
- Bolcath Imperial Synergy Ltd
- Jacob Rachy Investment Ltd
- Markana Mines Nigeria Limited
- 51 Kz Mines Nig Ltd
- Gam International Investments Limited
- 653 Belmont Consulting
- Greenford Services International Ltd
- Future Space Limited
A full list can be downloaded here.
It will take an average Nigerian worker over 3 years to buy the new iPhone 14pro
Meanwhile, in another report, Legit.ng showed that the newly released iPhone 14pro will need huge sacrifices for an average Nigerian worker to buy.
The report showed how it will take a full savings of over three years for anyone within a pay grade of N30,000 to buy.
iPhone is seen as a status symbol among Nigerians, which explains why, despite its expensive price, it is in high demand
Source: Legit.ng
