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Nigeria saves N569bn from contract

09 June 2014, 21:03

Abuja - The Bureau of Public Procurement (BPP) says it has saved the federal government over N569 billion through contracts' reduction in the last seven years.

Its Director-General, Emeka Ezeh, stated this in a lecture at the National Defence College (NDC), Abuja.

Eze said that the bureau had restored confidence in the procurement processes in Nigeria.

“You do not have to know anyone anymore to get a job in most cases," he said.

Ezeh said that it was important for NDC’s senior military officers to be familiar with good procurement processes as a strategic tool for good governance.

He said that it was important to ensure prudent management of funds allocated to the defence sector.

The director-general said that at the moment, procurement in the defence sector was ridden with poor procurement practices.

"There is currently no strategic procurement plan in place for a long-term procurement agreement as applicable in other countries.

"As a strategic leader, you must realise that resources are scarce.

He pledged to ensure that procurement of goods and services were done in collaboration with the bureau.

-       NAN

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