Public Procurement: Senate harps on strict compliance, transparency

— Seeks to Ensure Value for Money successful Project Execution

By Henry Umoru

ABUJA — The Senate has emphasized the request to marque Nigeria’s nationalist procurement process much transparent and strictly compliant with established procedures to guarantee accountability and worth for wealth successful authorities projects.

Speaking yesterday successful Abuja astatine the opening of a two-day retreat organized for members of the Senate Committee connected Public Procurement, the Committee Chairman, Senator Olajide Ipinsagba (APC, Ondo North), said nationalist procurement is cardinal to transforming authorities policies into tangible services, infrastructure, and improvement outcomes.

“Public procurement is not simply a method oregon administrative activity; it is the mechanics done which authorities policies are transformed into tangible services, infrastructure, and improvement outcomes. It accounts for a important proportionality of nationalist expenditure and, therefore, demands the highest standards of integrity, efficiency, and accountability,” Ipinsagba said.

He noted that the enactment of the Public Procurement Act 2007, which established the Bureau of Public Procurement (BPP) and the Senate Committee connected Public Procurement, marked a decisive measurement toward institutionalizing transparency and accountability. However, helium said much reforms are inactive required to fortify the system.

“Public procurement is not a one-time event; it is simply a continuous process of evolution, adaptation, and learning. The Senate Committee connected Public Procurement remains committed to legislative oversight, argumentation advocacy, and organization reforms that fortify integrity and compliance successful the procurement system,” helium added.

The lawmaker reaffirmed the Senate’s resoluteness to marque Nigeria’s procurement strategy a planetary exemplary of transparency and efficiency, noting that aligning practices with planetary standards volition guarantee that “every naira spent translates into amended schools, safer roads, improved healthcare, and a much prosperous federation successful enactment with President Bola Tinubu’s Renewed Hope Agenda.”

In her opening remarks, the Chief Executive Officer and Managing Director of Leadbold Resource Consulting Ltd, Barrister Kelechi Kingsley, said the retreat was designed to heighten the strategical enactment capableness of the Committee to fortify oversight, transparency, and accountability successful Nigeria’s procurement ecosystem.

She explained that the league would exposure participants to planetary regulations, planetary champion practices, and applicable frameworks that beforehand organization integrity and guarantee worth for wealth successful nationalist expenditure.

The station Public Procurement: Senate harps connected strict compliance, transparency appeared archetypal connected Vanguard News.