BPP Saves N680billion From Transparency in Awarded Contracts

The Bureau of Public Procurement, BPP, has saved N680 billion from following due process in awarding contracts, its Director-General, Emeka Eze, revealed.

The BPP Boss spoke at the annual retreat for Federal Permanent Secretaries, who are accounting officers of Ministries, to improve their understanding of the Federal Procurement System and the appropriate strategies for the implementation of government’s annual budgets.

Eze said at the 2016 procurement retreat held in Lagos with theme: ‘Public Procurement Act, 2007: An Effective Tool for Delivering More for Less’, that the the funds were saved from 2009 till date.

He said beyond the money saved, the opportunity granted ordinary people to bid and win contracts, is even to BPP more rewarding. He said the ordinary people can now bid for contracts and be considered.

“They can now bid and when they feel they have been short changed, they can complain to us and we intervene to restore their own things back. Even beyond the savings, that one is even more important to us that people are now biding for contracts,” he said.