The nation’s procurement system again proved its worth, saving N99.192 billion from contracts awarded in 2014.
The savings were from 229 requests from 21 ministries, departments and agencies. The total requests were 298.
This is contained in the latest reports of the Bureau for
Public Procurement (BPP)) in which the agency noted that it certified
contracts worth N1.409 trillion for the 21 MDAs. Only the request by the
Office of the Auditor-General of the Federation (OAGF) was endorsed
with cuts.
In 2013, the BPP made N57.951 billion in savings from
contracts awarded to different sectors of the federation and gave
certificate of no objections for contracts worth N1.118 trillion.
The capital budget for the year 2014 was pegged at N1.119
trillion, the disparity in the figure approved had been explained by
Emeka Ezeh, director-general of the BPP, to include running projects.
However, the amount saved from the requests made by
different agencies of the federation in 2014 can be ploughed back into
other parts of the economy.
According to the Bureau’s 2014 annual report obtained by
our correspondent, of the savings made, the highest amount was recorded
from the Federal Capital Territory Administration, a whopping N1.8
billion.
The figure was saved from a request of N133.5 billion made by the administration for 39 projects, of which 35 were approved.
The Bureau also saved the sum of N817.8 million from the
N10.2 billion worth of contract requested by the Ministry of Environment
for three projects.
A total of N3.9 million was saved from the Ministry of Trade and Investment from the N480.4 million requested for two projects.
The sum of N2.2 billion was saved from N20.7 billion
requests made by the Ministry of Police Affairs for four projects. Out
of the N16.3 billion worth of contracts requested by the Ministry of
Agriculture for nine projects, N2.7 billion was saved and seven projects
approved.
The Ministry of Transport made requests for N44.9 billion for 19 projects and savings of N2.044 billion was made from the requests. A total of N1.2 billion was saved from a request of N20.7 billion made by the Ministry of Water Resources for seven projects.
The BPP also saved N257.3 million from the Ministry of
Women Affairs,from request of N816.9 million for two projects. Also N69
billion was saved from the Ministry of Works, from requests of N741.4
billion made for 47 projects, out of which 32 were approved.
The sum of N8.1 billion was saved from the Ministry of Niger Delta Affairs from the N111.6 billion request made for 19 projects.
From the Ministry of Aviation, savings of N510.59 million were made from requests for N4.6 billion made for 18 projects, out of which 13 were approved.
Also N333.5 million was saved from requests for N4.8
billion made for seven projects, while N1.041 billion was saved from
requests of N14.3 billion made by the Ministry of Education for 26
projects, of which 16 were approved.
The finance ministry made a request for N151.323 billion
for 15 projects and N1.3 billion was saved. Furthermore, N64.4 million
was saved from a request for N234.7 million made for ten projects by the
Ministry of the Interior. Also,N26.480 million was saved from a N1.651
billion request made by the Ministry of Labour and productivity for two
projects.
The sum of N1.7 billion was saved from the Ministry of Petroleum from a request for N52.8
billion made for eight projects, while N3.8 billion was saved from
N49.3 billion requested by the power ministry for 53 projects, out of
which 21 were approved.
N71.5 million was saved from the N645.5 million request
made by the Ministry of Special Duties for five projects, while
N1.1billion was saved from the N17.6 billion request made by the Office
of the Secretary to the Government of the Federation for 12 projects.
The sum of N1.1 billion was saved from the N11.4 billion
requested by the Presidency for projects, out of which 39 were approved.
Meanwhile, the Federal Executive Council in 2014 approved
the award of a total of 104 contracts to 12 sectors of the economy in
the sum of N1.1 trillion.
The Ministry of Works had the highest number of contracts
(30), followed by the Federal Capital Territory (16) while the federal
ministries of environment, commerce and petroleum resources had one
contract each.
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