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Nigeria saves N5.5b through projects cost reduction

30 April 2014, 17:12

Abuja - The Bureau of Public Procurement (BPP) said it saved the country N5.5 billion in three months following its review of cost of various projects undertaken by the Federal Government.

The bureau said the review was undertaken between October and December, 2013.

This was contained in the bureau's 2013 Last Quarter Report on Public Procurement, made available on Wednesday in Abuja.

The report also showed that about 50 projects were approved by the Federal Executive Council during the period.

The reports signed by the Bureau’s Head of Public Relations, Thomas Odemwingie, indicated that the projects were for the rehabilitation of roads, construction of houses, training services and procurement of equipment.

A breakdown, showed that the total project cost as requested by MDAs during the period stood at over N85.45 billion which was reviewed down by the BPP to slightly over N79.93 billion.

"This showed a marked difference of N5.5 billion as money saved from the cost projected by the MDAs and what was approved by the BBP.''

According to the report, the contracts were to be implemented through the Ministries of Defence, Works, Power, Transport, Niger Delta and Petroleum Resources.

Others were the State House, National Emergency Management Agency, National Population Commission, and the office of the Secretary to the Government of the Federation.

-   NAN

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