The Federal Government says it saved N1.7tn from 2009 to 2022 by clogging loopholes in its procurement process.
The acting Director-General of the Bureau of Public Procurement, Olusegun Omotola, revealed this in a presentation when the Chief of Staff to the President, Femi Gbajabiamila, embarked on a one-day fact-finding tour of some government agencies under the supervision of State House, Abuja.
They include the Nigeria Agriculture and Land Development Agency, Bureau of Public Procurement, Bureau of Public Enterprises, Nigeria Atomic Energy Commission and the National Agency for Science and Engineering Infrastructure.
Responding to the presentation, he commended the agency for saving the government some N1.7tn from 2009 to 2022 by blocking loopholes that would have been exploited during procurement.
“The Act establishing the Bureau is going through a review process that will make it meet international best practices and reduce corruption, red tape and bureaucracy.
“We will also look at the staff remuneration and why there has not been a review over the years, especially when compared with sister agencies like Debt Management Office whose remuneration and salary structure has been reviewed a couple of times over the years,” the Chief of Staff said in response to a request by the BPP’s acting DG.
