The Bureau of Pubic Procurement on Tuesday said it had saved the country a total of N658.88bn from inflated contract submitted by contractors of Ministries, Departments and Agencies of government.
The bureau, in a statement in Abuja, said the figure, which was provided by the Director General. BPP, Mr Emeka Ezeh, while speaking at the annual conference of the Nigerian Bar Association, was saved over a five-year period, between 2008 and 2014.
The statement said in his presentation at the Panel Session on ‘Ending the Scourge of Abandoned Projects in Nigeria’, Ezeh outlined the role of the BPP in project development.
He said such savings were made possible through the Bureau’s prior reviews of contracts awarded.
The statement reads in part, “Nigeria was saved a total sum of N658,886,962,004.01 between 2009 and 2014 from contracts awarded by agencies of the Federal Government.
“This was disclosed in Abuja by the Director-General of the Bureau of Public Procurement” Mr. Emeka Ezeh, at the ongoing 55th annual conference of the Nigerian Bar Association.”
Ezeh added that the Bureau’s had successful resolved 365 out of the 557 complaints it received from contractors during the period.
The BPP boss lamented that a majority of international companies, that usually handle construction projects in the country, were now closing their operations, noting that the development had made the few ones that had yet to shut down operations, to be overburdened with many projects.
He described the trend as disturbing as it had led to delay in execution of projects.
The statement said, “He drew the attention of the audience to the disturbing trend of many international companies that used to handle huge construction projects in Nigeria in the country shrinking or closing operation, resulting in the few capable international companies being overburdened with many jobs with its attendant possibility of collusion.
“He said abandoned projects include both those for huge infrastructure and small contracts in different parts of the country embarked upon by different tiers of government.”
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