Business
CSO Lauds BoPP On e-Procurement Technology
The Centre for Policy
Advocacy and Leadership Development (CPALD), a Civil Society Organisation (CSO), has commended the Bureau of Public Procurement (BPP) for introducing the electronic procurement (e-procurement) technology.
The centre’s Chairman, Board of Trustees, Mr. Olabode Omoluabi, made the commendation on Thursday in Abuja when he led a team on a courtescy visit to BPP.
He said that the technology, designed to help boost the procurement system, was a step in the right direction.
“We are aware that BPP is making some giant strides that will promote proper process of procurement through a database of all contracting organizations in Nigeria.
“This is a very good step as it represents the change agenda”, he said.
Omoluabi added that if government activities must be perfectly executed, the procurement process must be perfected.
He said that the CSO’s objective was to advocate for policies of government and its agencies that were in the interest of Nigerians.
“We seek to promote the good policies, believe in quality leadership and are keen in leadership recruitment of the country”.
The acting Director General of BPP, Mr. Ahmed Abdu, while responding said that BPP’s role was to ensure good, quality service was given to Nigerians.
“Public procurement is about good, quality service delivery which is about good governance and good governance is about good leadership”.
He said that the contribution of CSOs in Nigeria in ensuring due process had gone a long way to help ensure transparency in the procurement process.
He commended their contributions in implementing public procurement reforms.
Abdu noted that the e-procurement technology would help the procurement system to reduce human interface and eradicate corruption.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
