Senate passes two bills to protect local industries, procurement practices

The Senate in Nigeria has passed two amendment bills aimed at protecting and developing the country's local manufacturing and processing industries, as well as aligning procurement practices with evolving international standards. The Raw Materials Research and Development Council Act (Amendment) Bill, 2026, and the Chartered Institute of Purchasing and Supply Management of Nigeria (Establishment) Act (Amendment) Bill, 2026, were sponsored by the Senate Majority Leader, Opeyemi Bamidele.

These bills were returned by President Bola Tinubu with observations for further legislative action, leading to a reconsideration process. Following the reconsideration, the bills were approved and passed in the Committee of the Whole, and their provisions were completed in the third-reading stage. The amendments aim to update the legal frameworks governing local raw-material development and the procurement profession, reflecting international developments in professional procurement practice.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.