Senate passes law on made-in-Nigeria products

The Senate on Thursday passed a bill to re-enact the Public Procurement Act, 2007.

The law will, among other things, make it mandatory for government at all levels to give priority to locally-manufactured products in all their procurement.

The decision of the federal lawmakers followed the consideration of the report of the Senate Committee on Public Procurement led by Senator Joshua Dariye.

The law was entitled, “A Bill for an Act to amend The Public Procurement Act to provide for and adopt a local content policy and timely completion of procurement processes and other related matters.”

Dariye said the bill, when assented to, would amend relevant sections of the 2007 Procurement Act to favour the patronage of local manufacturers and ensure speedy completion of projects.

“The amendment proposed by the bill in Section 35 is to review upwards the mobilisation fee from 15 per cent to 25 per cent that may be paid to a supplier or contractor. This is aimed at enhancing timely completion of procurement processes at various phases.”

The Senate also approved the inclusion of Nigerian Institute of Architects and the Nigerian Institute of Quantity Surveyors as members of the National Council on Public Procurement.

President of the Senate, Bukola Saraki, said the new amendments to the Act would help stimulate the nation’s economy.

He said, “We all have a role to play to ensure that the Executive complies, especially in the area of giving priority to locally-produced goods. This has helped many countries to develop when they had issues of downturn in their economies.”

Excerpts from ThisDay