Nigeria Saves N680b From Contracts Review | Independent Newspapers Limited
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Nigeria Saves N680b From Contracts Review

Posted: Mar 19, 2016 at 1:00 am   /   by   /   comments (0)

Mr Ahmed Abdu, Acting Director-General, Bureau of Public Procurement
(BPP) on Friday said that Nigeria saved about N680billion from the
Reviews and Certification of Federal Government
contracts between 2009 and 2014.
Abdu announced this in Lagos at the opening ceremony of a Procurement
Retreat for Chief Executives of Federal Government Parastatals and Agencies,
organised by the BPP.
“We sanitised the public procurement system through the registration,
categorisation 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 recognised 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.
Secretary to the Federal Government of the Federation, Mr Babachir
Lawal, said that President Muhammadu Buhari’s disposition to tackling
corruption was within the ambit of the Rule of Law.
Represented by the Permanent Secretary in his Office, Alhaji Mohammed
Bukar,Lawal, Babachir reminded the Chief Executive Officers of President
Buhari’s “unwavering commitment’’ to probity, accountability and value
for money in government procurements.