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Quacks hurting economy, says CIPSM

Quacks hurting economy, says CIPSM

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Members of Chartered Institute of Purchasing and Supply Management of Nigeria (CIPSM) have raised the alarm that the activities of those who employ quacks to handle the jobs of professionals, specifically in the area of procurement and supply were seriously hurting the economy.

CIPSM President Abdulhamid Oyewo, in the company of the Institute’s Registrar, Muhammad Aliyu, and the Abuja Coordinator, Abdul Mamman, at a press briefing in Lagos, during the week, lamented the activities of companies that prefer quacks for whatever reason, noting they were killing the economy.

Oyewo, therefore, called on private and government sectors to stop employing quacks in their various organisations as this has negative consequences on the economy. He said getting the services of professionals can improve the economy of the country.

He called the attention of business owners and members of the public to the Executive Order signed by the Federal Government, which detailed the process of procurement, contract planning execution, local contract as well as engineering, science and technology.

His words: “It’s an attestation to the fact that the current administration is geared towards doing the right thing to bring our Institute to its rightful position and further position the economy. Unfortunately, it is in contracting that money is frittered away.

“Under the World Bank study, contracts before now were awarded without being executed and payments were made. Contracts were over invoiced, coloured with nepotism, and were done without proper design and not done to give service to the public.”

Oyewo canvassed the need for the government and Ministries, Departments and agencies (MDAs) to court the Institute in order to stop the fraud and wastages that are common place in procurement.

The CIPSM president said the economy of the country will continue to suffer the menace if the issue was not eradicated. “In my years of practice in the private sector, I know of so many companies that have O’ level holders as their accountants and they have had to pay for it dearly in the long run.

“Certainly we cannot go and throw somebody out of the office where they are working because they don’t have our certificate. But the only thing we will do is to let the employers know the risks. We will not say don’t employ this person. We can only let them know the negative implication of what they are doing. That is what we have been doing and we will continue to do that, he added.”

In his contribution, Aliyu explained that the procurement programme is one sure way to massive corruption experienced in all the facets of the economy as professionals are denied their rightful place. He stressed that those who are handling government procurement are daily killing the economy.

Aliyu stated that the Institute undertook mandatory programme where its members were taught latest skills in the profession, insisting that by not patronising them the country losses.

Citing World Bank reports, he said 80 per cent of the county’s budget goes into procurement and mismanaged.

The post Quacks hurting economy, says CIPSM appeared first on The Nation Nigeria.

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