No way around it… Senate forces government to buy ‘Made in Nigeria’

Senate President, Bukola Saraki, Senate Leader, Ali Ndume and Senator Oluremi Tinubu | YNaija.com

The Nigerian Senate has a passed a bill that is seeking to mandate government parastatals to consider Nigerian business first during any procurement process.

The bill, which was entitled – Public Procurement Amendment Bill’ – will also encourage investors coming to Nigeria and reduce time spent on contract processing.

Senate President Bukola Saraki made this known through his Facebook page.

He wrote: “I am utterly delighted that today, the 8th Senate was able to keep its promise to pass the Public Procurement Amendment Bill.

“This amendment will mandate all ministries, departments and agencies to give first option priority to Nigerian businesses in the procurement process.”

“This amendment will also support the implementation of the 2016 budget by slashing the days for processing contracts in half.”

“This amendment will also encourage those who have chosen to invest in Nigeria. As we promote ‘Buy in Nigeria’, we must also promote ‘Make in Nigeria’.”

“In this regard the Public Procurement Bill is aimed at making our procurement system work on behalf of all Nigerians, support the implementation of the budget, and stimulate the growth of the Nigerian economy by creating more opportunities for small and medium scale business owners.”

“It is our hope that a substantial percentage of the N6 Trillion in the 2016 Budget will be retained in Nigeria and in the pockets of Nigerians.”

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