Business Saraki Issues Statement About Nigeria's Petroleum Industrial Bill

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Nigeria's Senate President Bukola Saraki, has issued a statement detailing the progress the senate has made with the Petroleum Industrial Bill, which has been renamed to Petroleum Industry & Governance Bill.

"Today, we laid the revamped Petroleum Industry & Governance Bill for First Reading. With this simple but pivotal action, the Senate has demonstrated its commitment to seeing that the Nigerian economy is restructured for much-needed recovery," he announced.

"Despite the unnecessary distractions that have presented themselves in recent times, the legislature is fully committed to putting the Nigerian people first and solving our pressing national issues," he said.

"In a similar regard, today, the Bill to Amend the Public Procurement Act to provide for the adoption of a Local Content Policy and timely completion of Procurement processes passed its Second Reading at the Senate.

"With this, Nigerian businesses and entrepreneurs are one step closer to having a first option policy, as this amendment would ensure that as a matter of law, agencies of government patronise made in Nigeria goods," he added.
 

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