Abuja: The Bureau of Public Procurement (BPP) and the Equipment Leasing Regulatory Agency (ELRA) have signed a Memorandum of Understanding (MOU) aimed at driving positive change in Nigeria’s economy. Zira Nagga, Head of Public Relations at BPP, announced on Thursday that the partnership seeks to foster reforms and policies promoting national development through a strong collaborative bond between the two agencies.
According to News Agency of Nigeria, Dr. Adebowale Adedokun, BPP Director-General, described the MOU as a commitment to delivering on President Bola Tinubu’s ‘Renewed Hope Agenda’ and enhancing stakeholder engagement in regulatory reforms. He highlighted the collaboration’s potential to improve procurement procedures and equipment leasing practices, thereby benefiting Nigerians and international investors by driving economic growth and efficiency.
Adedokun stated during the signing ceremony that by working together, BPP and ELRA aim to eliminate wastages and ensure the efficient use of resources. ELRA Registrar/CEO, Mr. Donald Wokoma, expressed gratitude for deepening collaboration and mentioned that the partnership would amplify ELRA’s vision and policies to boost national development. Wokoma also noted that the MOU marked progress toward a more efficient, effective public procurement system, which is essential for accelerating Nigeria’s economic growth and sustainable development.