CIPSMN inducts 202 members, urges to uphold ethics

The Chartered Institute of Purchasing and Supply Management of Nigeria, CIPSMN has inducted 202 new members, 199 Graduate Diploma holders and three Fellows. Speaking at the Batch ‘A’ 2026 induction, the institute’s President, Sikiru Balogun described the induction as a formal entry into greater responsibility. He underscored the importance of the ethics guiding the profession, […]

The Chartered Institute of Purchasing and Supply Management of Nigeria, CIPSMN has inducted 202 new members, 199 Graduate Diploma holders and three Fellows.

Speaking at the Batch ‘A’ 2026 induction, the institute’s President, Sikiru Balogun described the induction as a formal entry into greater responsibility.

He underscored the importance of the ethics guiding the profession, urging the inductees to practise the profession with accountability.

“This significant occasion marks your formal induction into the noble and ever-evolving field of Procurement and Supply Chain Management in Nigeria,” he said.

He stressed that the profession has evolved into a key driver of governance and economic efficiency.

“Procurement and Supply Chain Management is no longer a back office function; it is a strategic driver of value, transparency and accountability,” he stated.

He charged the inductees to contribute to national development as well as take a stand against corruption.

“You should let the present state of the economy of our nation be your concern, strive to reduce corruption by advocating proper adherence to the functions of procurement and supply management,” he added.

The Registrar/Chief Executive Officer of the institute, Prof Mohammed Aliyu, emphasised on the role of procurement in promoting good governance.

“Promoting good governance demands more than rhetorical comments; it requires adherence to the rule of law, professionalism, due process, ethics, and robust financial systems,” he said.

He attributed major challenges affecting governance in Nigeria to corruption and systemic inefficiencies.

“Public procurement and supply chain management concerns affect us all, regardless of who we are. The benefits of public programmes depend on how well procurement is managed,” he said.

He further noted the strategic importance of the profession in public spending.

“Procurement controls the largest percentage, sometimes 80–90 per cent, of the expenditures of many firms or government budgets,” he said.

He tasked the federal government to strengthen institutional frameworks and oversight, calling on President Bola Tinubu to prioritise the sector.

“We call on Mr President to look into issues regarding procurement and supply chain management professionalism and direct the process for inaugurating the National Council on Public Procurement,” he stated.

He warned against unethical practice in the profession.

“This has become everyone’s field to practise without the necessary prerequisite knowledge, giving room for fraud, corruption and bid rigging,” he said.