In this whole dynamic, public procurement acts as veritable instrument for translating budgets into goods, services and works for driving economic growth and poverty reduction. It becomes immediately obvious therefore why public procurement, within the high-risk and low-trust context of Nigeria is often seen as an invitation to more public sector rent-seeking, grand corruption and mismanagement. The Act also established the Bureau of Public Procurement (BPP) that serves as the central regulatory agency for laying the solid foundation for institutionalizing due process, competition, and strong ethical values in public procurement. The result is a tremendous and remarkable, measurable, and significant transformation of the procurement process. Pillar two insists on the imperative of inserting transparency into the entire procurement process, from end to end.

Source: Nigerian Tribune April 12, 2026 05:20 UTC