In a decisive move to plug financial leakages and restore public trust, the Federal Government is leveraging technology to overhaul its procurement processes through a digital procurement initiative.
With this move, the government, through the Bureau of Public Procurement (BPP) aims to systematically minimise corruption risks, eliminate bureaucratic bottlenecks, and usher in a new era of transparency and accountability in governance.
Speaking during the inaugural commemoration of the ‘Public procurement day’ in Abuja on Wednesday, Adebowale Adedokun, Director-General, BPP, said that the government is deploying precise market analysis tools to safeguard public funds and ensure maximum value-for-money.
Adedokun explained that since his assumption of office as the DG, his administration has pursued an ambitious reform agenda aimed to deepen transparency, improve efficiency, promote digital transformation, strengthening compliance, enhancing professionalisation, while expanding economic opportunities for indigenous enterprises.
“One of the major milestones recorded under this reform programme has been the review of procurement thresholds across the Federal Public Service. These revised thresholds were introduced to reflect present economic realities, inflationary pressures, changing market conditions, and the need to accelerate budget implementation.
