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procurement

Senate tackles exclusion of indigenous businesses from federal contracts

For years, Nigeria’s public procurement system has been widely criticised for its overly complex, rigid, and exclusionary nature, which tends to favour well-established and, often, foreign firms. In a significant policy shift aimed at boosting grassroots economic development, the senate has directed its committees on public procurement and local content to initiate amendments to the Public Procurement Act and the Nigerian Local Content Act. The goal is to lower existing entry barriers and level the...

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