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Senate Passes Bill Compelling Government to Buy Made-in-Nigeria Products

The Nigerian Senate took a great step in stabilizing the country's economy and protecting its locally made goods as it passed into law the Public Procurement Act 20‎07 (amendment) bill 2016. The law makes it mandatory for government agencies to purchase and patronize made-in-Nigeria goods. The law will not only promote locally made products, it will also help stabilize the economy.The Senate President while considering a report on the bill said that the latest move by the hollow chamber is a good move in the right direction as it will help "in stimulating our economy, [as] 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.
"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 proc…
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