Vice President Kashim Shettima has disclosed that procurement reforms saved the nation over N1.1 trillion .
The vice president made the disclosure on Friday in his keynote address as the special guest of honour at the Office of the Head of the Civil Service of the Federation (OHCSF)-Bureau of Public Procurement (BPP) Permanent Secretaries Retreat held in Ikot Ekpene, Akwa Ibom State. The retreat with the theme “Strengthening Procurement Leadership and Accountability for Effective Budget Execution and National Development” will end on July 12, 2026.
Shettima whose speech was delivered by his representative, the Chairman, Federal Civil Service Commission , Prof. Tunji Olaopa, said that ongoing transformation at the BPP remains one of the most important institutional reforms in the government national development agenda.
He stated that so, far, 23 strategic initiatives and reforms aimed at improving transparency, accountability, and fiscal discipline in Nigeria have been introduced. And as at the last count, some of the reforms saved the federal government over ₦1.1 trillion in 2025 alone.
He listed some of these reforms as threshold adjustments, which allow contracts below ₦5 billion for goods/services and ₦10 billion for works to be managed by ministerial tender boards rather than the Federal Executive Council; local empowerment that is aimed at the implementation of the Nigeria First Policy, which prioritises locally made goods and services that meet international standards; and institutional expansion which is the approval of seven new zonal offices with a view to deepening compliance enforcement across the country.
