The Senate has called for greater transparency, accountability, and strict adherence to due process in Nigeria’s public procurement system to ensure that every naira spent translate into tangible development outcomes.
Speaking at a two-day retreat for members of the Senate Committee on Public Procurement held at Fraser Suites, Abuja, the Committee Chairman, Senator Olajide Ipinsagba (Ondo North), stressed that effective procurement practices are vital to good governance and national development.
He described public procurement as “the mechanism through which government policies are transformed into tangible services, infrastructure, and development outcomes,” noted that it accounted for a significant portion of national expenditure and therefore demanded the highest standards of integrity, efficiency, and accountability.
While commending the establishment of the Bureau of Public Procurement (BPP) and the passage of the Public Procurement Act, 2007, Senator Ipinsagba said more reforms are needed to align Nigeria’s procurement framework with global best practices.
“Public procurement is not a one-time event; it is a continuous process of evolution, adaptation, and learning,” he said. “By aligning our practices with international standards and embracing innovation, we can ensure that every naira spent translates into better schools, safer roads, improved healthcare, and a more prosperous nation in line with President Bola Tinubu’s Renewed Hope Agenda.”
He further emphasized the committee’s commitment to legislative oversight, policy advocacy, and institutional reforms that will strengthen transparency, integrity, and compliance within the procurement system.
In her opening remarks, Barrister Kelechi Kingsley, Chief Executive Officer and Managing Director of LeadBold Resource Consulting Ltd, said the retreat was designed to enhance the strategic leadership capacity of the committee to drive oversight and promote accountability in Nigeria’s procurement ecosystem.
“The retreat seeks to expose participants to global regulations, international best practices, and practical frameworks that strengthen institutional integrity, ensure value for money in public expenditure, and advance national development objectives through sound procurement governance,” she explained.
