10 Goba Close, Wuse II Abuja, FCT, Nigeria

info@policyregistry.org

Public Procurement Act, 2007

Finance & Economy
Share
Overview

The Public Procurement Act, 2007 (Act No. 14) of the Federal Republic of Nigeria establishes a comprehensive legal framework for public procurement. It creates two key regulatory bodies: the National Council on Public Procurement and the Bureau of Public Procurement. The Act outlines their functions, powers, and responsibilities in monitoring and overseeing public procurement processes. Key provisions include fundamental principles for procurement (e.g., transparency, competition, value for money), organization of procurements (approving authorities, procurement planning, tenders boards), procurement methods for goods and services (open competitive bidding, restricted tendering, direct procurement), procurement of consultant services, disposal of public property, a code of conduct, and offences for violations. The Act applies to all federal government entities and aims to harmonize existing policies, ensure probity, and promote efficiency in public spending.

Download

Ask AI about this document
What is this document about? What are the key points? Summarise in 3 bullets Who is the intended audience?

Ask any question about
Public Procurement Act, 2007