The Nigerian senate has passed the 2016
ammendment of the Public Procurement Act
2007 into law.
ammendment of the Public Procurement Act
2007 into law.
The bill which passed its third reading on
Thursday, makes it mandatory for government
agencies to purchase made-in-Nigeria goods,
a report presented by Sen. Joshua Dariye said.
In addition, the bill favours local manufacturers
and ensure speedy completion of projects. It
also seeks to remove the power by the Federal
Executive Council to solely award contracts.
"In stimulating our economy, we all have a role
to play to ensure that the executive complies
especially in the area of giving first priority to
locally-produced goods," Senate President
Bukola Saraki said afterwards according to
DailyPost.
“This has helped many countries to develop
when they had issues of downturn in their
economy. One of the things that we have done
today is also trying to shorten the process of
awarding contracts; this will go a long way in
helping budget implementation," he said. “It
would go a long way in ensuring that most of
the funds are available as quickly as possible
and jobs are actually completed. I want to
commend my colleagues for passing this bill.”
The Senate also approved the inclusion of
Nigerian institute of Architects and the
Nigerian Institute of Quantity Survey as
members of the National Council on Public
Procurement, Channels said.
