The recently constituted Efficiency Unit in the Federal Ministry of Finance has stated that it aims at saving for the federal government some N12 billion annually by driving efficiency on government procurement processes.
The Head, Efficiency Unit, Patience Oniha, disclosed this in Abuja on Wednesday, February 3,at an interactive session with the press.
Oniha said the N12 billion would be saved when government adopts a procurement regime where it would purchase most of its items in bulk and enjoy some discount from contractors like is been done in the private.
She explained that “the current overhead for the Federal Government is about N400 billion. So if the FG can achieve 5 percent discount on just 60 percent (N240 billion) of that amount in procurement, N12 billion will be saved.
“Government can be a bigger purchaser of items rather than buying items in piece meal,” she said.
