In a recent interview, procurement and supply chain professional Obinna Nwodo emphasized the critical role of technology in enhancing Nigeria’s procurement processes and combatting corruption. Nwodo stressed the need for transparency, efficiency, and accountability in procurement, highlighting the potential for technology to revolutionize the sector.
Procurement processes in Nigeria, as noted by Nwodo, vary across sectors and companies. While global best practices advocate for transparency in goods and service acquisitions, there are challenges in achieving this in the public sector. However, Nwodo pointed out that certain multinational corporations in the private sector are already leveraging strategic procurement tools and technologies to significantly improve their operations. He emphasized that embracing technology, along with better auditing, real-time monitoring, and end-to-end stakeholder management, is crucial for enhancing transparency in procurement processes.
The value of procurement in Nigeria, according to Nwodo, is significant. Effective procurement practices can contribute immensely to Nigeria’s economic growth, social progress, and overall development by aiding in infrastructure development, improving public services, and enhancing citizens’ quality of life. On the other hand, poor procurement practices can lead to corruption, inefficiency, and wastage, thus hindering the country’s development.
Reflecting on the procurement and supply chain industry in Nigeria, Nwodo acknowledged that while the industry is still evolving and has not reached its full potential, there is optimism for its growth. He stressed the importance of embracing enablers and being intentional and patient in efforts to improve the industry’s outlook.
The advantages of effective procurement and supply chain optimization, as highlighted by Nwodo, include improved quality control, efficiency, stakeholder collaboration, and better forecasting and risk management. However, there are challenges such as forex volatility, capacity constraints, and global logistics that require innovative solutions from procurement professionals working under demanding conditions.
In addressing issues of breach of trust and corruption in the procurement system, Nwodo proposed several key steps for Nigeria to consider. These include implementing a transparent and accountable procurement process, establishing a robust legal framework, using technology for real-time monitoring, optimizing the Bureau of Public Procurement, promoting citizen engagement, and ensuring public access to procurement information.
When asked for advice for President Bola Ahmed Tinubu, Nwodo emphasized the importance of supply chain efficiency in driving Nigeria’s development, suggesting that the presidency should lead efforts to embrace supply chain optimization, technology development, and sustainable solutions.
For young people interested in pursuing a career in procurement, logistics, and supply chain management, Nwodo encouraged them to delve into this discipline, emphasizing the need for more attention in Nigeria. He also expressed a willingness to mentor and support young people on this career path.
Nwodo called on fellow Nigerians to join hands in strengthening and optimizing supply chain management to transform the country’s economy. By improving efficiency, reducing waste, and increasing transparency, Nigeria can unlock new opportunities for growth, job creation, and economic development, ultimately leading to a brighter future for all citizens.
In expanding the perspective on Nwodo’s insights, it becomes evident that the integration of technology within Nigeria’s procurement and supply chain processes can not only enhance transparency and efficiency but also play a fundamental role in driving economic progress and promoting positive change. As Nigeria continues to pursue advancements in technology and innovation, the potential for transformation within the procurement and supply chain sector remains promising, offering a pathway toward sustained economic development and improved livelihoods for its citizens.
