Vice President Kashim Shettima says the Federal Government saved more than ₦1.1 trillion in 2025 through procurement reforms introduced by the Tinubu administration to improve transparency, accountability and prudent management of public funds.
Shettima made the disclosure on Friday at the 2026 Retreat for Federal Permanent Secretaries held in Ikot Ekpene, Akwa Ibom State. He was represented by the Chairman of the Federal Civil Service Commission, Tunji Olaopa.
According to the Vice President, the government has implemented 23 key procurement reforms aimed at strengthening governance, promoting fiscal discipline and improving public service delivery.
“So far, 23 strategic initiatives and reforms aimed at improving transparency, accountability and fiscal discipline in Nigeria have been introduced. As at the last count, some of the reforms saved the Federal Government over ₦1.1 trillion in 2025 alone,” he said.
Shettima explained that one of the major reforms involved increasing procurement approval thresholds, allowing ministries to approve contracts worth up to ₦5 billion for goods and services and ₦10 billion for projects without seeking approval from the Federal Executive Council (FEC).
He stressed that procurement remains central to government projects, noting that roads, hospitals, schools, agricultural programmes and digital infrastructure all depend on an efficient procurement system.
The Vice President reaffirmed the administration’s commitment to aligning Nigeria’s procurement process with global best practices to improve governance, budget implementation and service delivery.
Also speaking, Head of the Civil Service of the Federation, Esther Walson-Jack, described procurement as the link between policy, budgeting and service delivery, warning that weak procurement processes directly affect citizens.
“When procurement works well, government delivers. When procurement is delayed, weak or poorly managed, citizens feel the consequences,” she said.
Director-General of the Bureau of Public Procurement (BPP), Adebowale Adedokun, also described procurement as a critical tool for effective governance, saying the quality of public projects depends largely on how procurement is handled.
Source: Vice President Kashim Shettima and the Bureau of Public Procurement.
