Justforex_nb_campaign

Politics Senate Passes Bill Enforcing Government to Buy Made-in-Nigeria Goods

#1
The Nigerian senate has passed the 2016 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.
 

Attachments

[1550]
advertise on Nigerian Bulletin - see rates per week
advertise on Nigerian Bulletin - see rates per week
Your email address will not be publicly visible. We will only use it to contact you to confirm your post.
Top