The introduction of Public Procurement Reforms in Nigeria followed a World Bank Country Procurement Assessment survey conducted in 1999 which established the link between poor/weak public procurement procedures and corruption as well as its far reaching negative consequences on national development especially in the area of infrastructural development in Nigeria. The Assessment Report revealed that 60k was being lost to underhand practices out of every N1.00 spent by Government and that an average of ten Billion US Dollars ($10b) was being lost annually due to fraudulent practices in the award and execution of public contracts through inflation of contract cost, lack of procurement plans, poor project prioritization, poor budgeting processes, lack of competition and value for money and other kinds of manipulations of the procurement and contract award processes.
In order to address the above shortcomings, the Federal Government initiated the Public Procurement Reform as part of its Economic Reform agenda designed to restore due process in the award and execution of federal government contracts. This led to the setting up of the Budget Monitoring and Price Intelligent Unit (BMPIU known as Due Process) in 2001 to implement the Federal Government’s Public Procurement Reform Policy aimed at minimizing open abuses to known rules, processes and standards in the award and execution of public sector contracts in Nigeria.
Following the growing Public demand that the reforms are sustained and institutionalized with legal backing, a Public Procurement Bill was articulated in 2003/2004 by the Leadership of BMPIU and presented to the National Assembly. The Public Procurement Bill was thereafter passed by the National Assembly on the 30th of May, 2007 and subsequently signed into Law
The Public Procurement Act 2007 established the Bureau of Public Procurement as the regulatory authority responsible for the monitoring and oversight of public procurement, harmonizing the existing government policies and practices by regulating, setting standards and developing the legal framework and professional capacity for public procurement in Nigeria.
Vision To be a state Bureau that complies with the ethics of Public Procurement and is deemed by all to be efficient and reliable in its service delivery.
Mission To offer an unbiased and principled expert Procurement Services that is responsive to the needs of the state and guarantees Competition, Fitness for Purpose and Value for Money.
- The harmonization of existing government policies and practices on public procurement and ensure probity, accountability and transparency in the procurement process;
- The establishment of pricing standards and benchmarks;
- Ensuring the application of fair, competitive, transparent, value-for-money standards and practices for the procurement and disposal of public assets; and
- The attainment of transparency, competitiveness, cost effectiveness and professionalism in the public sector procurement system
- Economic Efficiency
- Competition – Providing level playing ground for all strata of bidders
- Value for money