Leeway to more effective procurement mechanism, by NLNG boss

oil workers

oil workers

Piqued by the huge loss of money to inefficiencies in the contract procurement procedure in Nigeria, the Managing Director, Nigerian Liquefied Natural Gas (NLNG), Babs Omotowa has proffered a leeway into effective mechanisms that could rescue the country from such corrupt practices and cushion the effect of the oil price crash on the nation’s economy.

Omotowa, who disclosed this at a forum in Lagos, said the nation would have enjoyed and saved so much from the $20 billion spent on electricity, and N1 billion spent on a kilometer of road if proper procurement mechanism was considered.
He acknowledged the establishment of the Bureau of Public Procurement, and the due processes, transparency, benchmarking database and e-procurement, by the government adding that these should be built upon, and also many more states should join the likes of Lagos and Rivers States, in setting up similar bureau at State levels.

The NLNG boss however added that the procurement decisions that have been made at Federal and State levels in the past five decades have been a key part of why our country is in the current precarious place.

“Whilst our economy grew by over six per cent in recent times and became the biggest in Africa, our processes remain anachronistic and performance bedeviled by corruption. Our challenge is not really about the magnitude of these problems, but rather the smallness of our effort. These are demonstrated by the don’t-rock-the-boat attitude, compatriots waiting for their own turn in the murky waters, and the seeming lip service to the efforts required leveling our mountains of corruption. Clearly we need an attitude change,”

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