The Senate President, Abubakar Bukola Saraki has said that major problem with Nigeria’s economic growth is the lack of huge infrastructure.
Saraki said this when he played host to a delegation of Nigerian Society of Engineers, NSE, in Abuja.
According to the Senate President, the nations economy would experience rapid growth when the issue was addressed.
He said, “Whatever we do, we cannot move this country forward until when we address this huge infrastructural deficit and this must be done in a conscious, efficient and cost effective way to achieve the desired result.
“It is based on this our conviction that the Senate identified laws critical to infrastructural provision for urgent review to bring them up to date with the present realities.”
He disclosed that the extension of the Nigerian Content Development Act that covered all sectors of the economy, necessitated the Senate to debate and pass for second reading a Bill to amend the Public Procurement Act.
Saraki said, “with this, Nigerian businesses and entrepreneurs are one step closer to having a first option policy, as this amendment will ensure that as matter of law, agencies of government patronizes made in Nigeria goods.”
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