Vice President Yemi Osinbajo has stressed the need for transparency and accountability in procurement processes for the overall growth of the nation.
The vice president made the call at the launch of Sustainable Procurement, Environmental and Social Standards Enhancement Project, a World Bank Assisted Project in Abuja.
Osinbajo, who noted that procurement touched on every sector of the economy, stressed that huge amount of financial resources often went into procurement, thereby encouraging some form of financial waste.
He expressed optimism that investment in the SPESSE project would help institutionalise the practice of procurement, environmental and social standards in Nigeria.
The vice president disclosed that the SPESSE project was in line with the National Economic Recovery and Growth Plan ERGP of the Federal Government, aimed at restoring growth, investing in people and building a globally competitive economy.
He pointed out that “the particular objective of investing in people has job creation and youth empowerment as one of the ways to invest.”
