Procurement planning and cost effectiveness of lower Benue River basin development authority Makurdi, Benue State, Nigeria

The paper examined the effect of procurement planning on cost effectiveness of Lower Benue River Basin Development Authority Makurdi, Benue State, Nigeria. Specifically, the study sought to: examine the effect of regulatory compliance on cost effectiveness of Lower Benue River Basin Development Authority, Nigeria and determine the effect of contract management on cost effectiveness of Lower Benue River Basin Development Authority, Nigeria. This study adopted survey research design, made use of (150) staff of Lower Benue River Basin Development Authority in Makurdi Benue state Nigeria with 109 sample size which shows that 109 employees represent 100% of the population. Data were collected using a self-mixed questionnaire with response rate of 109 percent. The analysis of data was done using simple frequency distribution and percentages. Multiple regression analysis t-test was used alongside with Ordinary Least Squares (OLS) technique in estimation. The Findings revealed that regulatory compliance and contract management has a significant effect on cost effectiveness in Lower Benue River Basin Development Authority Nigeria. The paper concludes that procurement planning has a significant effect on cost effectiveness in Lower Benue River Basin Development Authority Nigeria. The paper recommends among others that; management in Lower Benue River Basin Development Authority Nigeria should ensure regulatory compliance all through their procurement processes to ensure cost effectiveness in the organization.