Professional Service

₦2.9tr Procurement Projects Approved in One Year –BPP

The Bureau of Public Procurement issued 395 ‘No Objection’ certificates to various Ministries, Departments, and Agencies in the 2023 fiscal year, approving projects worth over N2.94tn.

This was contained in the agency’s annual report, which detailed the government’s commitment to transparency, efficiency, and accountability in public procurement.

The report stated that BPP’s intervention saved the Federal Government an estimated N58.65bn (approximately $56.2m or €322,667) through cost reductions on reviewed contracts.

It read in part, “The bureau issued 395 certificates of ‘No Objection’ to MDAs. The office attended eight bid openings from 12 invitations, which were observed and recorded total compliance with the Public Procurement Act, 2007.

“Also, no defective advertisement was placed by the MDAs. This is also due to the proactive steps taken by the bureau, as 592 draft advertisements were by the Bureau.

“It will be noted however, that the bureau made a total savings of N58,652,848,617.56 / €322,666.63 / $56,200,653.82 from various MDAs BPP reviewed project cost from January to December 2023.”

In Nigeria’s public procurement framework, a ‘No Objection Certificate’ is an official endorsement issued by the BPP to a procuring entity, confirming that all legal and procedural requirements under the Public Procurement Act 2007 have been met.

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