The House of Representatives has garnered significant commendation for passing the Chartered Institute of Purchasing and Supply Management (CIPSMN) Amendment Bill 2024, marking the first amendment to the CIPSMN Act since its inception in 2007.
The Bill was adopted on Thursday, May 8, during a plenary session chaired by Speaker Rt. Hon. Tajudeen Abbas, who underscored the rigorous legislative process it underwent. “The Bill has gone through a thorough legislative process, including a robust public hearing. The contributions from stakeholders were overwhelmingly positive, which has enabled the House to better understand the importance of these amendments,” Abbas stated.
Key among the amendments is the proposed change of the Institute’s name to the ‘Chartered Institute of Procurement and Supply Chain Management of Nigeria,’ aligning it with global best practices and broader professional mandates.
Presenting the Report of the House Committee on Public Procurement, Committee Chairman Rt. Hon. Uyime emphasized the economic significance of the amendments. “Effective supply and procurement are crucial to economic growth. This amendment underscores the necessity for structured procurement processes that align with international standards,” he noted.
A pivotal clause in the amendment mandates that all civil servants involved in procurement and supply chain functions must undergo professional training and certification provided by the Institute. This measure, according to the Committee’s recommendations, is aimed at fostering professionalism and accountability across public sector procurement.
“We are ensuring that procurement officers across all ministries, departments, and agencies are equipped with the necessary skills and professional certification to effectively manage procurement processes,” Hon. Uyime added.
The amendment further seeks to elevate the Institute’s status, placing it on par with other established professional bodies in Nigeria and granting it statutory recognition to regulate procurement and supply chain management nationwide.
The Bill now awaits concurrence by the Senate before being transmitted to the President for assent.
Africa Security Investigation News 