Lagos State House of Assembly has proposed the amendment of the State Procurement Agency Law, 2015 with a view to raise the advance payment from 20 to 40 per cent. This was made known during a day public hearing on a bill titled, ‘The Lagos State Public Procurement Agency (Amendment) Bill, 2020,’ at the Assembly premises where stakeholders commended the House for being proactive in making procurement law workable and more efficient. Good legislation must not be the yearnings of the populace alone, it must be the aggregated interest of the people. “We are here to discuss important issues, which is public procurement. “Provided that advance payment above 40 per cent of shall be subject to the Regulation prescribed by the Agency.

Source: Nigerian Tribune September 16, 2020 19:07 UTC