[adsanity align='alignnone' id=368527]
Home [ MAIN ] COVER FG Saves N680billion From Contracts Review in Six Years

FG Saves N680billion From Contracts Review in Six Years

Acting Director-General, Bureau of Public Procurement, BPP, Ahmed Abdu, on Friday, March 18, said that Nigeria saved about N680billion from the Reviews and Certification of Federal Government contracts between 2009 and 2014.

The BPP Boss announced this in Lagos at the opening ceremony of a Procurement Retreat for Chief Executives of Federal Government Parastatals and Agencies, organized by the BPP.

“We sanitised the public procurement system through the registration, categorization and classification of Federal Contractors, Consultants and Service Providers on its National database.

“The Bureau saved the nation over N680 billion through prior reviews and certification of Federal Government contracts between 2009 and 2014,’’ he said.

Abdu also said that the procurement cadre in the Public Service had been professionalised through various capacity building programmes.

According to him, procurement is globally recognized as a tool for good governance, considering the immense benefits derivable from a sound procurement system.

Abdu also disclosed the Bureau’s plan to ensure strict compliance with extant regulations and guidelines on public procurement.

“As a signatory to the United Nations Convention Against Corruption (UNCAC), Nigeria’s fight against corruption is statutorily expected to
shift from corrective to preventive measures.

“We also remain committed to the provision of technical support to State Governments in domesticating the Procurement Act in their respective States, to ensure that procurement reforms make visible impact at State level,’’ he said.




Leave a ReplyCancel reply

Exit mobile version