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Stakeholders commend BPP over N216bn savings


Stakeholders in the country have commended the Bureau of Public Procurement (BPP) for saving the country the sum of N216billion from January 2010 to March 2011 by reducing the costs of contracts awarded by federal Ministries Departments and Agencies (MDAs).

The BPP, which is popularly called “Due process”, is the federal agency responsible for ensuring that federal government contracts are awarded at reasonable costs.

Speaking to newsmen on the reported savings as a result of the BPP’s evaluation of contract proposals, Dr. Hassan M. Abdullahi, an Abuja based financial analyst commended the Bureau for diligently ensuring that contract sums were evaluated to ensure that the government gets value for money to be spent.

He hailed the initiative of the bureau in conducting comparative analysis of costs of projects in Nigeria with those of other countries in order to arrive at reasonable prices, bearing in mind the different factors that may affect prices in various countries.

He called on the federal government to enhance its support for the BPP to enable it continue to discharge its functions, noting that more savings could be done in the future.

He further called on the BPP not to relent in its effort or get discouraged by Ministries Departments and Agencies (MDAs) who petition the EFCC, ICPC or file law suits challenging its actions, all in a bid to discourage it from performing its constitutional duties.

He advised all federal MDAs to ensure that they play by the rules and comply with all guidelines and requirements as stipulated by the Procurement Act.

It will be recalled that within the 15 month period under review, the BPP assessed a total of 952 contract proposals sent in by MDAs. It okayed 843, which is about 90percent, and rejected 9 procurement proposals. Another 100 were returned down either for incomplete documentation or because the amounts in consideration fell below the N1billion minimum that BPP considers.

Another financial analyst, Mike Adekeye also commended the BPP for the feat, saying that the savings can be deployed by the government for developmental projects. He regretted that over the decades, the absence of efficient and effective project monitoring system and project cost management mechanisms have resulted in the federal government spending more than necessary on projects.”


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