Nigeria secures $115,000 discount in Siemens power project through BPP negotiation.

Nigeria has saved $115,000 on the Siemens power project, thanks to negotiations by the Bureau of Public Procurement. The savings were achieved through effective procurement processes.

The Bureau of Public Procurement (BPP) has announced that it successfully negotiated a significant cost reduction of $115,000 on the Presidential Power Initiative, also known as the Siemens power project. According to Director-General Adebowale Adedokun, this achievement demonstrates the bureau's commitment to optimizing procurement processes and ensuring value for money in public expenditure. The savings are expected to have a positive impact on the overall budget of the initiative, which aims to improve Nigeria's energy infrastructure. The successful negotiation is seen as a testament to the bureau's role in promoting transparency and efficient procurement practices in the country.