Archive BPP saves N658.88 billion within 5 years

BPP saves N658.88 billion within 5 years

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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

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