Thesis Abstract

Abstract
Procurement practices in the public sector have a significant impact on the overall economy and efficiency of government operations. This research project aims to investigate the current state of procurement practices in the public sector economy, focusing on the problems and prospects associated with these practices. The study will use a mixed-methods approach, including both quantitative analysis of procurement data and qualitative interviews with key stakeholders in the public sector. The main problems identified in the procurement practices of the public sector include issues of transparency, accountability, and efficiency. Lack of transparency in the procurement process can lead to corruption and favoritism, undermining public trust in government institutions. Additionally, a lack of accountability can result in wasteful spending and inefficiencies in the allocation of resources. These problems not only impact the government's ability to deliver services effectively but also hinder economic growth and development. Despite these challenges, there are also prospects for improving procurement practices in the public sector economy. By implementing transparent and accountable procurement processes, governments can enhance efficiency, reduce corruption, and promote fair competition among suppliers. This can lead to cost savings, better quality of goods and services, and increased public trust in government institutions. Furthermore, the use of technology and e-procurement systems can streamline the procurement process, improve data accuracy, and facilitate monitoring and evaluation of procurement activities. Overall, this research project will provide valuable insights into the current state of procurement practices in the public sector economy, highlighting both the challenges and opportunities for improvement. By identifying the key problems and prospects associated with procurement practices, this study aims to inform policymakers, government officials, and other stakeholders on ways to enhance transparency, accountability, and efficiency in public sector procurement. Ultimately, improving procurement practices can lead to better governance, increased economic growth, and enhanced service delivery for the benefit of society as a whole.

Thesis Overview

1.0     INTRODUCTION

It is imperative to note that procurement practice private and public sector economy requires planning and control.

There fore, there is every need for government awareness and understanding for the role efficacious procurement practice in the running of its ministry especially ministry of public utilities. I know with conviction in my mind that the federal government of Nigeria has started the research aim at finding out whether the procurement practice in the ministry of public procurement of the it’s practice and the procured rest necessitates objective attainment and possibly likely problem they encounter during the process. My main writing on procurement and these purchasing techniques which must be meant to ensure an efficient and tactical purchasing function this ministry. The case this ministry is so crucial because there is always need to acquire or procure practice for rural development.

The highest degree of efficiency attained in this procurement of all requirements can be the only hope of ministry in finding remedies to their problems.

1.1                         GENERAL OVERVIEW

According to Uzor (2004) define public procurement as the acquisition or goods and services by government and their subsidiary agencies such as parastatals.

Purchasing and supply management function of virtually a new management function whole has not been accord its full recognition and place in business environment in Nigeria.

The non- recognition is more pronominal in the sector organization where non-professionals establishment to carryout the function of purchase. Procurement of practice is very consequential aspect of purchasing and supply. So in procuring practice so many factor will be put into consideration purchasing objective general and specific objective must be considered and this will help in brining out the allure of purchasing and supply claim management.

According to Oyeoku (2006) he say that general objective of purchasing concern the tasks obtaining the right quality good and services in the right quality and at the right price and right time form the right supplier and delivered at the right place.

According to him this is described is the “Right” of purchasing or more technically state as the purchasing mix.    

1.2                         STATEMENT OF THE PROBLEM

The contract of research of this nature is usually associated with one form of problem or other for any research study to achieve its aim problem must be stated clearly and accurately.

It is there fore necessary to probe beneath the surface in order to ascertain the nature and size of the problem, failure to do this will lead to a number of errors which is the beginning of management or managerial, business failure.

The problems is procurement practice are by the realities of past, present and future economic consideration as they affect the ministry in question, and the way sent out their specific economy toward activities procurement needs amidst the complexities.

When we consider the increasing day to day variability in price quality availability and other variables against the present and future moved for the items, purchasing design fond to assume more complex dimension.

More so, lack of specialist in the filed of purchasing has result in buying syndrome incompetence and inefficiency in the act and mode of buying by the buyer of designated items. Again the issue of not having on independent purchase department has made purchasing function trivial and uninviting because its major function are carried out by the divisions.

The research also identified a total neglect of purchasing research as a vita instrument for establishing a data bank for identifying opportunities for purchasing action.