Sen President, Dr Bukola Saraki signs Senate's version of the Public Procurement Act Bill 2016.

The senate President Dr Bukola Saraki has affixed his signature on the Senate's version of the Public Procurement Act 2016,he posted copies of the bill this afternoon with this write up below....



I just affixed my signature on the Senate’s version of the Public Procurement Act (Amendment) Bill, 2016 (SB.232), which will now be forwarded on the House of Representatives for Concurrence.

Many countries have used legislative mechanisms like these that focus inwards to diversify their local economies.

This amendment helps to position our local producers, manufacturers and service providers to benefit from the government procurement process of ministries, departments and agencies.

Hence, once passed by the House of Representatives and signed into law by Mr. President, this amendment will help to stimulate Nigeria’s domestic economy, and will go a long way in ensuring that in the process of awarding contracts, funds are available as quickly as possible and jobs are actually completed.