A Comparative Analysis of the Nigerian Public Procurement Act Against International Best Practice

2014 ◽  
Vol 59 (1) ◽  
pp. 85-98 ◽  
Author(s):  
Sope Williams-Elegbe
Keyword(s):  
Comparative Analysis ◽  
World Bank ◽  
Best Practice ◽  
Public Procurement ◽  
State Level ◽  
Assessment Report ◽  
The Public ◽  
The World Bank ◽  
The World

AbstractPrior to 2007, Nigerian public procurement was not formally regulated, in the sense that there was no law governing procurement at the federal or state level. This changed with the enactment in 2007 of the Public Procurement Act. This act was passed on the recommendation of the World Bank, which had conducted a country procurement assessment report on Nigeria in 1999. This article seeks to determine whether the Public Procurement Act meets the requirements of international best practice. The article examines what may be regarded as international best practice in the public procurement context and analyses whether the Nigerian Public Procurement Act contains provisions which accord with this practice. It also considers what factors are limiting the adoption of international best practice in the Nigerian context.

scholarly journals Financial Corrections on Public Procurement as a Corrective Mechanism for Protection of Public Budget Expenditure

2021 ◽  
Vol 61 (5) ◽  
pp. 121-137
Keyword(s):  
World Bank ◽  
International Organizations ◽  
Public Procurement ◽  
Public Expenditures ◽  
Control Mechanisms ◽  
Public Budget ◽  
The Public ◽  
The World Bank ◽  
The World ◽  
Budget Expenditure

The article aims to analyze financial corrections in public procurement as one of the main corrective mechanisms for protection of public budget expenditures. To achieve this goal, three tasks have been performed: 1) Preventive and corrective mechanisms for protection of public expenditures are presented; 2) The organization of the control mechanisms regarding the public procurements and the imposition of financial corrections in Bulgaria is revealed and 3) the contribution of two international organizations to the topic is outlined - the Organization for Economic Cooperation and Development and the World Bank. The research methods used are historical-logical analysis and content analysis. The result of the research is a critical analysis and summary, which complement the Bulgarian analytical literature in the field.

Society and Market in the Era of Globalization

2005 ◽  
Vol 4 (3) ◽  
pp. 305-355
Author(s):  
Dušan Pokorný
Keyword(s):  
World Bank ◽  
Economic Institutions ◽  
The Public ◽  
The World Bank ◽  
The World ◽  
Many Sources ◽  
The Imf

AbstractThis chapter considers the meaning of the terms "society" and "market," and the need for markets to be institutionalized and legitimated. Obligatory norms and recommendatory guidelines today come from many sources: from states, from groupings of states, and from worldwide bodies such as the IMF, the WTO, and the World Bank. But when markets create profound inequalities both within and between societies, how do we determine what limits ought to be placed on markets? Since economic institutions are inseparable from culture, this is the "site" where the public will have to decide what is "society," what is the "market," and what will be the relation between them.

scholarly journals A comparative analysis of development in Southeast European countries

2015 ◽  
Vol 24 (1) ◽  
pp. 253-270 ◽  
Author(s):  
Sandra JEDNAK ◽  
Dragana KRAGULJ ◽  
Milica BULAJIC
Keyword(s):  
Comparative Analysis ◽  
World Bank ◽  
European Countries ◽  
Government Finance ◽  
Multivariate Statistical ◽  
Distance Method ◽  
Multivariate Statistical Method ◽  
The World Bank ◽  
The World ◽  
Per Capita

There are different kinds of indicators which measure levels of development. The use of varying methods could alter the ranking of a particular country. In this paper, Southeast European countries are ranked according to the World Bank, the UNDP and the I-distance method. The aim of the paper is to provide a comparison between the ranking results obtained with those methods for the period 2007–2012. The principal objective of the study is the ranking of SEE countries using the I-distance technique – a multivariate statistical method for ranking entities – and to discover whether this method gives a better ranking of countries than income per capita and the HDI. To answer this question, similar variables of economic development are used within the research methods. Due to the observed period, some government finance variables are also included. Despite certain limitations, such as lack of data for SEE countries, the results show that the ranks of countries are highly similar regardless of the method used. Nevertheless, there are some differences in the countries’ rankings in some years: there are small differences from year to year both in terms of HDI and GNI per capita. However, the I-distance method shows greater differences between countries.

scholarly journals Development of business environment construction in China: a comparative analysis based on typical countries

2020 ◽  
Vol 214 ◽  
pp. 02013
Author(s):  
Yonghui CAO ◽  
He JIANG
Keyword(s):  
United States ◽  
Comparative Analysis ◽  
World Bank ◽  
The United States ◽  
Business Environment ◽  
Existing Problems ◽  
The World Bank ◽  
The World ◽  
Future Improvement ◽  
Improvement Measures

The World Bank publishes the business environment report every year, ranking the business environment of 190 economies in the world. This paper mainly compares and analyzes the relevant indicators of marketization, legalization and internationalization between China and New Zealand, Singapore, the United States, and points out the existing problems and future improvement measures, so as to provide reference for further improving the competitiveness of business environment in China.

Infrastructure quality and firm productivity in Africa

2018 ◽  
Vol 14 (4) ◽  
pp. 367-384 ◽  
Author(s):  
Edward Bbaale
Keyword(s):  
World Bank ◽  
Sub Saharan Africa ◽  
Empirical Literature ◽  
Firm Productivity ◽  
Power Outages ◽  
Firm Level ◽  
Content Type ◽  
The Public ◽  
The World Bank ◽  
The World

Purpose The World Bank (2017) ranks poor infrastructure, particularly electricity, as the second topmost obstacle (after access to finance) affecting enterprises in Sub-Saharan Africa. The purpose of this paper is to investigate the effect of infrastructure quality on firm productivity in Africa. Design/methodology/approach The author used the World Bank Enterprise Survey (WBES) for 26 African countries and employed both descriptive and ordinary least squares techniques during the analysis. The author circumvents the endogeneity of infrastructure in the productivity model by using firm-level measures of infrastructure quality rather than the stock of infrastructural capital. Findings On an average, 80 percent of manufacturing firms in Africa reported having experienced electricity outages in the financial year preceding the survey. Power outages are negatively associated with the productivity of small, medium, young, domestically owned firms and non-exporters. On the other hand, the author observes a substitution effect of generators for the unreliable power from the public grid and this effect positively influences the productivity of large, old, foreign-owned and exporting firms. Practical implications The author argues that in addition to infrastructure capital at an aggregate level, dealing with quality issues at firm level is required to enhance productivity. More attention needs to be put to the elimination of power outages so as to improve the productivity of all firms particularly those that cannot afford to use generators in the place of electricity from the public grid. Originality/value The author notes that there exists scanty empirical literature on the effect of infrastructure quality on productivity for the case of Africa despite the existence of WBES for at least two waves for both developed and developing countries. The uniqueness of this paper in comparison to the previous literature is that the author undertakes the analysis according to some important firm categories: size, age, ownership and export status. Additionally, the author uses the infrastructure quality to understand its effect on firm-level efficiency levels rather than the stock of infrastructural capital. The use of aggregate indicators of infrastructure introduces an endogeneity problem which the author circumvents in this study.

The 2010 “agreement on mutual enforcement of debarment decisions” and its impact for the fight against fraud and corruption in public procurement

2014 ◽  
Vol 14 (1) ◽  
pp. 62-95 ◽  
Author(s):  
Lorenzo Nesti
Keyword(s):  
World Bank ◽  
Public Procurement ◽  
Multilateral Development Banks ◽  
The World Bank ◽  
The World ◽  
Potential Benefits ◽  
Development Banks

A remarkable example of coordination between IGOs to deal with corruption and fraud in public procurement is the “Agreement for the Mutual Enforcement of Debarment Decisions” signed by the World Bank and the main regional Multilateral Development Banks (MDBs) in 2010. This article will try to examine the characteristics of the MDBsʼ cross debarment agreement and its significance for the MDBs that adhered to it in terms of the process of harmonization that resulted from it. Secondly, the article discusses the potential benefits and challenges connected to the extension of this agreement to other MDBs or to other initiatives that have been initiated in parallel to, or in imitation of, the MDBsʼ cross debarment agreement.

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