The senate passes Public Procurement Act 20‎07 (amendment) bill 2016, into law

The Nigeria Senate yesterday passed into law the  Public Procurement Act 20‎07 (amendment) bill 2016.The law seeks to promote local content.They Senate made it mandatory and that it was by force that we must patronize Made in Nigeria goods.
The Senate President stated that the passage of this Public Procurement Act 20‎07 (amendment) bill into law will stimulating our economy,Below was what he shared on his instagram,

"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.