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    Home - 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#

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    BPP
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    Ogochukwu Ndubuisi
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    ogochi Ndubuisi is creative content manager with interest in marketing and advertisement. Ogochi supports MarketForces Africa's clients corporate communication units with content development and liaise with media unit for disseminable product information.

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