The Senate, through its Committee on Public Procurement, on Thursday underscored the need for greater transparency and strict adherence to due process in Nigeria’s procurement system.
It maintained that the nation’s public procurement process must serve as a model of efficiency and integrity, ensuring that every naira spent translates into visible and measurable development outcomes across the country.
The Chairman of the Committee, Senator Olajide Ipinsagba (Ondo North), made this known in his remarks at a two-day retreat organised for members of the committee by LeadBold Resource Consulting at Fraser Suites, Abuja.
Senator Ipinsagba described public procurement as the engine through which government policies are transformed into tangible infrastructure, services, and developmental impact.
“Public procurement is not merely a technical or administrative activity; it is the mechanism through which government policies are transformed into tangible services, infrastructure, and development outcomes.
“It accounts for a significant proportion of national expenditure and therefore demands the highest standards of integrity, efficiency, and accountability,” he said.
While noting that the Public Procurement Act, 2007, as well as the establishment of the Bureau of Public Procurement (BPP) and the Senate Committee on Public Procurement, marked a decisive step toward institutionalising transparency, Ipinsagba stressed that more reforms were still needed.
He explained that public procurement should be viewed as an evolving process requiring continuous adaptation and innovation.
“Public procurement is not a one-time event; it is a continuous process of evolution, adaptation, and learning.
“The Senate Committee on Public Procurement remains committed to legislative oversight, policy advocacy, and institutional reforms that strengthen integrity and compliance in the procurement system,” he stated.
The senator reaffirmed the committee’s resolve to make Nigeria’s procurement process a global model of transparency and efficiency, aligning with international standards and innovation.
“By aligning our practices with international standards and embracing innovation, we can ensure that every naira spent translates into better schools, safer roads, improved healthcare, and a more prosperous nation, in line with President Bola Tinubu’s Renewed Hope Agenda,” he added.
Earlier in her remarks, the Chief Executive Officer of LeadBold Resource Consulting Ltd., Barrister Kelechi Kingsley, said the retreat was designed to strengthen the strategic leadership capacity of the Senate Committee on Public Procurement.
According to her, the goal is to enhance oversight, accountability, and compliance within Nigeria’s public procurement ecosystem.
“The retreat seeks to expose participants to global regulations, international best practices, and practical frameworks that will strengthen institutional integrity, ensure value for money in public expenditure, and advance national development objectives through sound procurement governance,” she said.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
