BPP saves N99.192bn from contract awards in 2014

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.