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Procurement

Procurement and Support Services

Procurement in the Central Bank of Nigeria (CBN) complies with the Public Procurement Act (2007) and adopts international best practices for efficient, value-for-money service delivery. The CBN therefore engages competitive and innovative suppliers and service providers to deliver goods, services and turnkey projects for enterprise support and strategic business initiatives.

Goods:

  • Stationeries.
  • Office.
  • Equipment
  • Furniture
  • Vehicles

Services:

  • Consultancy.
  • Facilities Management.
  • IT Projects
  • Catering
  • Media & Events Management
  • Insurance
  • Travels

Turnkey:

  • Building & Engineering.
  • Others

Basic Requirements For Doing Business with CBN:

Requirements for qualifying for a procurement contract varies with the complexity of the contract and are usually in the invitation for Expression of Interest (EOI). However, basic requirements include the following:

  • Proof of Registration with the Corporate Affairs Commision (CAC)
  • Tax Clearance from the Federal Inland Revenue Service (FIRS)
  • Pension Clearance Certificate from the Pension Commission (PenCom)

Payment Process:

Payment for completed jobs are made promptly and securely in line with the e-payment policy of the Federal Government. To minimise delays, Seervice Providers are advised to provide the following details when requesting for payment.

  • Tax Identification Number (TIN) issued by the FIRS
  • Bank Account details (certified by bankers and for payment purposes
  • All statury taxes and deductions are made on payments applying the relevant tax rates

Useful links

  1. Public Procurement Act
  2. Bureau of Public Procurement Website
  3. Federal Inland Revenue Services (FIRS Website)
  4. Pension Clearance Certificate from the Pension Comission Website
  5. Corporate Affairs Commission Website


See Frequently Asked Questions on Procurement and Archive of Old Request For Quotation

Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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