The Central Bank of Nigeria (CBN) has signalled plans to commence automation of the intervention funds process.
This follows its request for proposal for the automation of intervention funds processes as published on its website.
The Bank, in fulfilling its statutory objective of a sound and stable economy, provides intervention funds to different sectors of the economy. The management of these intervention funds generally follow a similar process with slight variations based on the conditions/criteria of the intervention/investment.
The Development Finance Department (DFD) of the CBN is responsible for managing the Bank’s Intervention funds and desires to harmonise and automate all intervention funds processes thereby eliminating the cumbersome process of operating several silo processes.
Consequently, the regulator invites sealed bids from bidders for the development, implementation, and automation of the intervention funds process for the CBN. This Request for Proposal (RFP) is being extended to a set of eligible and competent vendors.
“Proposals from single vendors or from multiple vendors working together as a team would be considered. The ideal vendor(s) will have certified knowledge and verifiable capacity and experience in the software industry. Experience in the public or banking sector is preferred, but not mandatory,” the CBN stated.
Source: Businessdayng
