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CBN to upgrade ICT facilities

The Central Bank of Nigeria has called for bids from qualified contractors to upgrade its information and communication technology facilities at the Dealing Room in Abuja.

The apex bank announced on Friday in a statement titled “Request for Proposal for the Upgrade of the ICT Facilities at the Central Bank of Nigeria Dealing Room, Abuja” posted on its website.

The CBN’s Dealing Room is responsible for managing the country’s foreign exchange and government securities, making the upgrade crucial for the stability and security of the financial system.

Part of its statement read, “To enable both departments to carry out their responsibilities efficiently and effectively, the bank established a world-class dealing room at the headquarters and equipped it with ICT facilities in 2015. The ICT facilities have, however, attained end-of-life or end-of-support status and have resulted in suboptimal performance.

“There is therefore an urgent need to upgrade these ICT facilities to avoid any further disruptions to the services of the aforementioned departments of the bank.”

It stated that interested contractors must submit their bids latest by June 14, 2024, and must meet certain requirements, including evidence of previous experience in similar projects and a minimum turnover of N500m in the last three years.

According to CBN, proposals from a single vendor or from multiple vendors working together as a team will both be considered.

The financial regulator said it reserved the right to reject any bid that did not meet the requirements and to annul the procurement process at any time without incurring any liabilities.

According to the apex bank, it is looking for certified vendors with verifiable capacity and experience in implementing the required solution, including experience in the public sector, but not mandatory.

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