Archive BPP saves N658.88 billion within 5 years

BPP saves N658.88 billion within 5 years


- Advertisment -

The Director General of the Bureau of Public Procurement (BPP), Mr. Emeka Ezeh disclosed that it saved a total sum of N658.88 billion by ensuring due diligence in contracts awarded by agencies of the federal government between 2009 and 2014.

Speaking in Abuja during a panel session on ‘Ending the Scourge of Abandoned Projects in Nigeria,’ at the ongoing 55th annual conference of the Nigerian Bar Association (NBA), Ezeh said the savings were made possible through the bureau’s reviews of contracts previously awarded.

He also said the agency had successfully resolved 365 out of the 557 complaints it received from contractors during the period.

The BPP boss however, expressed concern over the disturbing trend of shrinking international companies which hitherto handled huge construction projects in the country.

He said most of them had closed down, resulting in the few capable foreign companies being “overburdened with many jobs with its attendant possibility of collusion.”

Ezeh said huge and small infrastructure contracts in different parts of the country, which were embarked upon by different tiers of government had been abandoned.

In a statement by the BPP spokesman, Mr. Thomas Odewingie, the procurement agency boss however, identified contract splitting especially for low-value contracts; use of fake documents by bidders; multiple ownership of companies by bidders and high level of connivance by MDAs with the contractors as some of the challenges facing infrastructural development in the country.

Other included long delays in investigation and prosecution of cases, capacity gaps in MDAs and contractors as well as delays in payments for jobs duly certified.


Source: ThisDay


Please enter your comment!
Please enter your name here

Latest news

JONAPWD-LAGOS Commends Sanwo-Olu For Restoring Disability Empowerment Fund

Kenneth Afor |  The Joint National Association of Persons Living With Dissabilities (JONAPWD ) in Lagos state has commanded Babajide...

Groups Call On Judicial Panels Of Inquiry To Dispense Justice On Victims, Survivors Of Police Brutality

Kenneth Afor | The Network on Police Reform in Nigeria (NOPRIN) and Centre for Law Enforcement Education (CLEEN Foundation) has...

COVID-19 Second Wave: FG Urged To Ban Flights From Britain, Others

By Ijeoma Ukazu | With some countries currently experiencing the spread of the new COVID-19 variant, the Health Writers’ Association...

“I am not distracted by calls for 2023 presidential race” — Yahaya Bello

Kogi state Governor Yahaya Bello has said calls for him to contest in the forthcoming 2023 presidential election is...

AfDB Provides $25m To Boost Low-Carbon Energy Generation

The African Development Bank’s Board of Directors on Monday, December 14, 2020 approved $15 million from the Sustainable Energy...

Civil Defence Receives COVID-19 Testing Equipment

The Commandant General, Nigeria Security and Civil Defence Corps, Abdulahi Gana Mohammadu on Friday in his office received Covid...

Must read

JONAPWD-LAGOS Commends Sanwo-Olu For Restoring Disability Empowerment Fund

Kenneth Afor |  The Joint National Association of Persons Living...
- Advertisement -

You might also likeRELATED
Recommended to you

%d bloggers like this: