NDIC Holds Workshop on Effective Procurement and Financial Management
By Patience Ikpeme
The Nigeria Deposit Insurance Corporation (NDIC) held a specialized training workshop for its executive staff and selected procurement officers in Kano, aimed at enhancing efficiency, transparency, and accountability in procurement processes.
The workshop, themed “Developing Innovative Strategies for Effective Procurement and Financial Management,” was conducted in collaboration with the Bureau of Public Procurement (BPP).
NDIC Managing Director/Chief Executive, Bello Hassan, stated that the importance of this training was in line with the Corporation’s strategic thrust for performance-driven culture, excellence, and operational resilience.
He stressed the need for continuous capacity building to equip NDIC personnel with the necessary knowledge and skills to navigate the evolving landscape of public procurement practices and regulations.
“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 the procurement process,” Hassan stated.
He further noted that as a liquidator of failed deposit money banks, the NDIC must adhere to strict procurement procedures, particularly in the selection of service providers for valuation, disposal, and debt recovery.
“The Corporation undertakes these activities through the selection of eligible service providers through Open Competitive Bidding (OCB),” Hassan said. “These methods of selection ensure healthy competition, transparency, fair pricing, value for money, and accountability in line with the principles of public procurement.”
Director General of the Bureau of Public Procurement, Dr. Adebowale Adedokun, underscored the importance of embracing innovative and dynamic approaches in procurement processes, such as leveraging e-procurement platforms to streamline bureaucratic bottlenecks and enhance efficiency, transparency, and value for money.
This workshop signifies NDIC’s commitment to improving its procurement practices and ensuring the effective and efficient utilization of its resources in line with best practices and regulatory requirements.
