Senate Says Compulsory For MDAs To Patronise Local Goods
It is now compulsory for ministries, departments and agencies to patronise locally made goods going by the Public Procurement Act 2007 (amendment) bill 2016, passed into law by the Senate on Thursday.
The law aims to promote local content.
Senate President Bukola Saraki speaking after the consideration of a report on the bill, said that priority must be given to local goods.
”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.
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“This has helped many countries to develop when they had issues of downturn in their economy. I believe that having over N3trn available to stimulate local production going on now.
“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.
“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,” he said.
