Business News of Tuesday, 21 July 2026
Source: www.dailytrust.com
The Bureau of Public Procurement (BPP) has reported a total saving of N1.1 trillion for the Federal government, attributing it to efficient budget evaluation.
Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale A. Adedokun stated this when the Nigerian Institute of Quantity Surveyors (NIQS) led a courtesy visit to his office in Abuja while commending him for the progress in the Bureau’s ongoing procurement reforms.
Speaking on behalf of the Institute, NIQS President Dr. Aminu Muhammad Bashir, cited recent developments under Dr. Adedokun’s leadership, including the July 13 launch of the National Guidelines for Public Procurement of Food and Related Services and a May 2026 circular mandating final designs before contract awards — a measure aimed at curbing recurring problems such as excessive contract variations and cost overruns.
QS Bashir also pointed that the “Bureau’s reported savings of approximately N1.1 trillion for the Federal Government in 2025, attributed to improved price intelligence and budget evaluation, describing the outcomes as consistent with cost management principles long advocated by the quantity surveying profession.”
The NIQS President further conveyed the Institute’s appreciation to President Bola Ahmed Tinubu for declining assent to the proposed amendment of the Chartered Institute of Purchasing and Supply Management of Nigeria (CIPSMN) Act.
NIQS said the decision addressed concerns it had raised over potential overlap between the bill’s proposed provisions and the statutory mandates of established procurement-related professions, warning that such duplication risks weakening public accountability.
Bashir urged the BPP, as regulator, to ensure the roles of existing statutory bodies, including quantity surveyors, remain clearly defined as new procurement frameworks are developed.