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    MarketForces Africa » MarketForces News » BPP Records N1.1trn Savings, Seeks Increased Allocation in 2026 Budget
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    BPP Records N1.1trn Savings, Seeks Increased Allocation in 2026 Budget

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiFebruary 22, 2026No Comments3 Mins Read
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    BPP Records N1.1trn Savings, Seeks Increased Allocation in 2026 Budget
    Dr Adebowale Adedokun, the Director-General (D-G), Bureau of Public Procurement
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    BPP Records N1.1trn Savings, Seeks Increased Allocation in 2026 Budget

    The Bureau of Public Procurement (BPP) has presented its 2026 budget proposal to the National Assembly, highlighting achievements in procurement reforms and savings.

    The Director-General (D-G), BPP, Dr Adebowale Adedokun said this in a statement by Zira Nagga, Head of Press and Public Relations, BPP,  in Abuja on Saturday. Adedokun said that the reforms saved the nation N1.1 trillion in 2025.

    He said that the savings were realised through initiatives such as the Debarment Policy, Nigeria First Policy and the E-Government Procurement (e-GP) System.

    He attributed the successes recorded by the bureau to the support of President Bola Tinubu and the backing of the National Assembly.

    The D-G listed key reforms undertaken by the bureau to include the proposed amendment of the Public Procurement Act, 2007; development of the e-GP System; Nigeria e-Market; and sector-based procurement frameworks.

    Others are upgrading of the contractors/consultants/service providers (CCSP) database; establishment of a national repository of procurement experts and agents; and procurement capacity building for stakeholders.

    According to him, the bureau has undertaken a comprehensive overhaul of its procurement processes since November 2024, resulting in substantial improvements in efficiency and cost-effectiveness.

    “These reforms have led to a notable reduction in the processing time for government contracts, yielding significant cost savings and enhanced value for money.”

    Adedokun also said that the President had approved the deployment of community-based procurement, which would promote local content and provide a legal framework for constituency projects to deliver value.

    He said that transparency and value for money would be further enhanced through the deployment of digital tracking tools for monitoring and evaluation.

    The D-G said that the bureau was seeking increased budgetary allocation in 2026 to improve service delivery, support job creation and strengthen its oversight capacity.

    In their separate remarks, the Chairman, Senate Committee on Public Procurement, Sen. Olajide Ipinsagba, and Chairman, House Committee on Public Procurement, Rep. Unyime Idem, assured the bureau of legislative support.

    Ipinsagba reiterated the importance of the bureau, noting that its mandate directly impacted service delivery, infrastructure development, investors’ confidence and public trust in government spending.

    He said that the seriousness attached to the budget defence session reflected the critical role of the bureau in ensuring prudent management of public funds.

    On his part, Idem assured the bureau of the committee’s commitment to reviewing its 2026 estimates to ensure alignment with national priorities.

    He said that this would particularly focus on strengthening compliance monitoring, deepening e-procurement implementation, and building institutional capacity across Ministries, Departments and Agencies (MDAs).

    Idem said that every Naira appropriated must translate into measurable impact for Nigerians. He further urged the bureau to urgently forward to the National Assembly a comprehensive proposal for the amendment of the Public Procurement Act, 2007.

    Idem noted that after close to two decades of operations, evolving realities in digital procurement, fiscal reforms and global best practices had made the amendment imperative. #BPP Records N1.1trn Savings, Seeks Increased Allocation in 2026 Budget#

    NNPC Ltd., Dangote Forge Strategic Alliance to Accelerate Nigeria’s Energy Security

    BPP
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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