The Bureau of Public Procurement (BPP) says the Federal Government saved about N1.1 trillion within a year through a newly established Price Intelligence Unit.
Dr Adebowale Adedokun, Director-General(D-G), BPP, disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday.
Adedokun said that the unit benchmarked project costs against national and global prices.
According to him, before the reforms, many government agencies obtained “blanket approvals’’ from the BPP and later determined project costs without further scrutiny.
“What they do is benchmarking using global and national prices,” he said.
Adedokun explained that the unit developed a data bank of unit rates for projects across the country, taking into account inflation and regional price differences. (NAN)
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