The Bureau of Public Procurement (BPP) and the Fiscal Responsibility Commission (FRC) have signed a memorandum of understanding (MoU) to strengthen fiscal discipline, improve transparency, and oversight of public spending across Nigeria.
The MoU was signed when Adebowale Adedokun, the director-general of BPP, visited the FRC in Abuja.
According to a statement by Zira Nagga, the head of press and public relations at the BPP, Adedokun said the partnership is aimed at boosting transparency, curbing corruption, and reducing wastage in government procurement processes nationwide.
He said the bureau was part of the anti-corruption group assigned by President Bola Tinubu to curb corrupt practices in the country.
“The MoU will strengthen shared responsibility in supporting the President’s Renewed Hope Agenda and ensure the judicious utilisation of government funds at the three tiers of government, ” Adedokun said.
The BPP chief said the collaboration would also ensure that government spending remains within constitutional limits and extant regulations provided by the bureau.
The director-general highlighted key initiatives introduced by the bureau to promote transparency and accountability, including the digitisation of procurement processes, which will take effect from March 1, as well community-based procurement.
Other initiatives, he said, are the Nigeria First policy, debarment policy, and affirmative procurement for women, youths, small and medium enterprises (SMEs), and persons living with disabilities.
Adedokun added that through its reform programmes and price bench-marking mechanisms, the bureau had saved almost N1 trillion for the nation in less than one year.
On his part, Victor Muruako, FRC’s chairman, commended Adedokun’s leadership and described the MoU as a strategic step toward strengthening fiscal discipline in the country.
Muruako emphasised the importance of transparency and accountability in public procurement, noting that prudence, at all levels of government, would reduce cases of corruption.
He described the MoU signing as one of his landmark decisions as he prepares to conclude his tenure as chairman of the commission.
He also advocated for the establishment of a strong and effective mechanism to further reinforce procurement processes within the nation’s fiscal regime.
