17 June 2016
The Nigerian Senate on Thursday passed the 2016 amendment of the Public Procurement Act 2007 into law.
The Act, which seeks to promote local content and makes purchasing made-in-Nigeria products mandatory for government agencies, is one of the priority bills of the Senator Bukola Saraki-led Senate.
Senator Saraki said about the bill: “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”.
The Act which ensures speedy completion of projects also seeks to remove the power to solely award contracts from the Federal Executive Council.
Senator Saraki said: “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.”
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 TV reported.