The Minister of Finance, Kemi Adeosun has pledged her determination to streamline government procurement processes to generate more savings from elimination of wastages and excess capacity and duplication to boost the economy. She said that there is need for government to indulge its large purchasing power in getting favourable negotiation from suppliers to ensure transparency through the introduction of price guidelines.
According to her, government would save N4.14 billion on travels on a yearly basis. She added that government is committed to achieving a proper over heading spending profile in the bid to enhance cost efficiency and maximum value of procurement.
Adeosun, who was represented by the Head, Efficiency Unit, Federal Ministry of Finance, Patience Oniha, explained that if procurement processes are streamlined, government would generate savings from elimination of wastages and excess capacity and duplication.
“We have some professionals working with us. We have people that will support, provide data to ensure that they conform to the guidelines, even in operations.”
