Procurement Reforms Saved FG N1.1 Trillion in 2025, Says BPP

The Bureau of Public Procurement (BPP) has revealed that reforms in public procurement helped the Federal Government save over ₦1.1 trillion in 2025. The figure was disclosed by the BPP Director-General, Adebowale Adedokun, while presenting the agency’s 2026 budget proposal before the Senate Committee on Public Procurement.

According to Adedokun, the savings were achieved through improved procurement processes, including stricter compliance with procurement laws, better price benchmarking, and reduced contract costs. He also noted that sanctions against non-compliant contractors and officials played a key role in ensuring efficiency and accountability. The BPP boss called for increased budgetary support for 2026 to strengthen institutional capacity, enhance monitoring, and sustain anti-corruption efforts. He emphasized that faster contract approvals and stricter oversight were crucial for timely project execution and optimal use of public funds. The reforms have been widely lauded by advocacy groups and experts as a step toward greater fiscal discipline and transparency in public spending. They are part of broader government efforts to tighten spending controls and ensure value for money in capital projects across Ministries, Departments, and Agencies (MDAs).