The Bureau of Public Procurement (BPP) has indicated that the reforms in procurement processes have led to a significant savings of over N1.1 trillion for the federal government during the year 2025.
During a presentation on the agency’s 2026 budget to the Senate Committee on Public Procurement in Abuja, the Director-General, Adebowale Adedokun, made this announcement on Thursday.
The bureau also noted that these reforms resulted in reduced timelines for contract approvals. Furthermore, it reported additional cost savings and the implementation of stricter sanctions against contractors who violate regulations and government officials who do not comply with the established protocols.
Adedokun called for an increase in the budgetary allocation for the agency in 2026 to facilitate improved service delivery, job creation, and to bolster the institutional capacity necessary for effective procurement oversight.
He disclosed that in 2025, the agency had a budget of N4.032 billion and emphasized the need for greater funding to advance anti-corruption initiatives under the leadership of President Bola Tinubu.
Earlier, Olajide Ipinsagba, the Chairman of the Senate Committee, acknowledged the bureau's crucial role in promoting socioeconomic development and enhancing financial accountability within the government.
Ipinsagba assured the agency of legislative backing while emphasizing the importance of strict accountability and the judicious use of public funds allocated for its operations.
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