Monday, May 21, 2012
   
Text Size
De Executive Suites
Call Nigeria
Private General Practitioner In London

Nigeria saved N218bn on national procurements in 15 months - BPP

Share

THE Bureau of Public Procurement (BPP) has stated that it had been able to save the country from wasting  N218billion through painstaking reviews of procurement proposals brought before it between January 2010 and March this year (2011).

Speaking at a capacity training workshop organised for media practitioners  by the National Procurement Watch Platform in collaboration with Media Rights in Lagos, on Monday, the Director-General of the bureau, Mr Emeka Ezeh, who was represented by the director, Mallam Gambo Muazu, noted that one of the key objectives of establishing the bureau, in 2007, through the Public Procurement Act,  was to address the huge loss the Federal Government was incurring through public procurements, “since it was obvious that the government at the centre was losing 60kobo on every N1 approved for procurements.

“And what we have just done is to ensure that contracts were awarded at the right cost and by the best bidder,” he noted.

Ezeh also identified lack of funding as one of the factors responsible for the deluge of abandoned projects all over the country since proposals, he explained, were always made for new procurements without the completion of existing ones.

Describing the media as part of the key entities in the procurement chain, the director-general expressed his hope that the media would help the bureau disseminate information on the activities of the bureau to stakeholders, to enable them take maximum advantage of the Public Procurement Act 2007, which established the bureau.

“Once we establish a synergy, we would leave no stone unturned in ensuring that all hands are on deck in our bid to stamp out corruption through best Procurement practices,” he added.

Comments (0)Add Comment

Write comment

busy

Translate this site

Nigerian Tribune