THE Director-General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun on Thursday, said the agency has so far, saved the the country the sum of N1.9trillion from contracts fraud over the years.
Adedokun stated this in Abuja during his 2025 budget defence session before the Senate Committee on Public Procurement.
He said that the agency, established 17 years ago, is a key stakeholder in the war against corruption in the country, particularly those that have to do with contracts awards, inflation and diversion.
“BPP has within the last seventeen years been changing the landscape of public procurement in Nigeria by ensuring transparency, fairness and efficiency on contracts awards and execution.
“BPP has been saving the country from loss of at least N40billion annually to contracts inflation, diversion of public fund and poor service delivery.
“Records from our price intelligence unit indicate that total money prevented so far from being diverted to personal pockets from contracts award is N1.9trillion.
“BPP has over the years been significantly contributing to increase revenue generation by the relevant agencies like the Federal Inland Revenue Service (FIRS), National Pension Commission (PENCOM), etc,” he said.
He however lamented while the agency proposed N63.5billion as its capital vote for 2025, the budget office, gave it N1.57billion envelope.
The meagre sum, according to him, will not in any help to solve the accommodation problem being faced by Staff of the Bureau, replacing moribund project monitoring vehicles bought since 2008 and executing the E-procurement programme that is in the pipeline.
However in their comments, members of the committee chaired by Senator Olajide Ipinsagba (APC – Ondo North), wondered how BPP with just 158 workers, would effectively and efficiently monitor contract awards and execution of over 800 government agencies under its purview.
The Committee through the Chairman directed the DG of BPP to include employment of more workers in the agency’s 2025 budget.
