The Bureau of Public Procurement (BPP) said its ongoing procurement reforms saved the Federal Government more than N1.1 trillion between January 1 and December 2025.
Director-General of the Bureau, Adebowale Adedokun, stated this while defending the agency’s 2026 budget estimate before the Senate Committee on Public Procurement, on Thursday.
Adedokun said the savings were achieved through stricter compliance measures, improved contract vetting processes and enhanced sanctions for erring contractors and public officials. 
“The ongoing procurement reform has saved the Federal Government to the tune of over N1.1 trillion between January 1 and December 2025.” he said.
He added that beyond the financial savings, the Bureau had significantly reduced the processing time for government contract approvals, thereby improving efficiency in public service delivery.
“We have not only recorded substantial savings, but we have also reduced the processing time for contract approvals, introduced additional cost-saving mechanisms and strengthened sanctions against erring contractors and government officials,” he stated.
According to him, the Bureau received a total allocation of N4.032 billion in the 2025 fiscal year but requires increased funding in 2026 to consolidate reforms and strengthen anti-corruption efforts.
Adedokun appealed for higher budgetary allocation, noting that effective procurement oversight is critical to employment generation, service delivery and the fight against corruption — a key policy thrust of the administration of Bola Tinubu.
“We are soliciting increased budgetary allocation for the 2026 fiscal year to enhance service delivery, create jobs and further strengthen our fight against corruption, which remains a hallmark of this administration,” he said.
Chairman of the Senate Committee on Public Procurement, Olajide Ipinsagba, underscored the strategic importance of the Bureau to Nigeria’s socio-economic development.
“The Bureau of Public Procurement remains critical to our socio-economic development. It must continue to evolve as a tool for national development and not become a loophole for inefficiency or waste,” Ipinsagba said.
He assured the agency of the committee’s support and cooperation but charged its management to ensure prudent utilisation of public funds.
“We will continue to support the Bureau, but we expect judicious use of the funds allocated to the agency in line with its mandate,” he added.
