Eshiorameh Sebastian, Abuja
President Bola Ahmed Tinubu has granted immediate approval for the implementation of updated procurement thresholds across all Ministries, Departments and Agencies (MDAs).
The President, according to source, acted on the formal recommendation of the Bureau of Public Procurement (BPP) Director-General Dr. Adebowale A. Adedokun.
The revised thresholds, designed to accelerate government projects while maintaining fiscal responsibility, represent a key operational reform under the administration’s Renewed Hope Agenda.
By the adjustment, financial authorization limits, the federal government aims to reduce bureaucratic delays in procurement processes while strengthening accountability frameworks.
Source in the villa confirmed to Spear News that the BPP will shortly release comprehensive implementation guidelines detailing the new approval thresholds and monitoring protocols to ensure proper utilization of the revised framework across all MDAs. This strategic adjustment follows extensive consultations between the BPP, Federal Ministry of Finance and the Presidency to optimize procurement efficiency.
The policy shift comes as part of broader public sector reforms initiated by the Tinubu administration to modernize governance systems, with particular focus on eliminating obstacles to critical infrastructure development and service delivery projects.
Observers anticipate the changes will significantly impact project execution timelines, particularly for mid-range procurements that previously required multiple approval layers.
Further details regarding the specific threshold adjustments and their sector-specific applications will be formally communicated by the BPP in the coming days through official government channels. Implementation across all federal agencies will commence immediately upon release of the operational guidelines.
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