Nigeria Deposit Insurance Corporation (NDIC), in collaboration with the Bureau of Public Procurement (BPP), over the weekend held a Specialised Training for executive staff and selected procurement officers.
The workshop, held at Bristol Palace, Kano, was themed: “Developing Innovative Strategies for Effective Procurement and Financial Management.”
NDIC’s Managing Director/Chief Executive, Bello Hassan said the workshop aimed at ensuring efficiency, transparency and accountability, to enable the development of effective strategies in procurement processes enterprise-wide.
“We have identified the BPP as a critical stakeholder in our attempt towards developing effective and efficient procurement capabilities, in realising the Corporation’s strategic thrust for performance driven culture, excellence and operational resilience, in line with its vision of becoming one of the best deposit insurers in the world.
“To achieve this culture, one of the resolutions reached at the 2023 Executive Procurement Retreat held in Uyo, Akwa Ibom State, was continuous training which underscored the critical need for capacity building for all NDIC Officers involved in the value chain of procurement process.
“This workshop, therefore, aligns perfectly with that resolution, aims at equipping NDIC personnel with requisite knowledge and skills necessary to navigate the evolving landscape of Public Procurement practices, procedures and regulations in Nigeria,” he said.
According to Hassan, in today’s rapidly changing business environment, staying abreast of the current regulations, guidelines, best practices, and innovative approaches were paramount for any organisation seeking to optimise its procurement and operational functions to be counted amongst the best corporate bodies.
He noted that the NDIC has powers of a liquidator as provided in the NDIC Act, 2023 and such powers of a liquidator under the Companies and Allied Matters Act, 2020.
He said the Corporation must ensure that the selection of qualified service providers in the areas of valuation, disposal, debt recovery, etc in respect of failed deposit taking institutions follows a competitive bidding process.
“The Corporation undertakes these activities through the selection of eligible service providers through Open Competitive Bidding (OCB).
“These methods of selection ensure healthy competition, transparency, fair pricing, value for money and accountability in line with the principles of public procurement.
“The Corporation relates to procurement of goods, works and consultancy/non-consultancy services, the Corporation is bounded strictly by the provisions of Public Procurement Act (PPA) 2007 Section 15(1)(2),” the NDIC boss said.
Director General, Bureau of Public Procurement, Dr. Adebowale Adedokun, said the theme of the workshop underscored the importance of embracing innovative and dynamic approaches in procurement processes by exploring new ways of leveraging technology, such as e-procurement platforms to streamline bureaucratic bottlenecks in procurement for operations while enhancing transparency, competition, value for money and transparency.