An Overview Of The Nigerian Public Procurement Act

The enactment of The Procurement Act 2007 is a weighty development based on the recommendation of the World Bank which advised for better transparency in the proceedings of public procurement. As a general rule, it is the requirement of law and the strictures of procurement standards and policies to ensure compliance with the procurement directives in contracts in the supply of goods and services. Thus in the emerging economies of Asia and Brazil and particularly the latter, all acts performed by public entities must be in compliance with the principles set out by the Brazilian federal Constitution to with: legality, impersonality, morality, publicity and efficiency in other to ensure and regulate a healthy integral policies of national economic policies.