Senate Approves Bills to Boost Local Industries in Nigeria

On Tuesday, the Senate passed two amendment bills designed to protect and develop Nigeria’s local manufacturing and processing industries while aligning procurement practices with international standards. The bills, sponsored by Senate Majority Leader Opeyemi Bamidele, include 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.

The Senate reconsidered the bills after President Bola Ahmed Tinubu returned them to the National Assembly with observations for further legislative action. Bamidele, representing Ekiti Central Senatorial District, noted that the Federal Ministry of Justice identified fundamental issues requiring clarification.

The Senate approved the provisions of both bills in the Committee of the Whole, completing the third-reading stage. The amendments aim to enhance the protection and development of local industries and improve procurement practices in Nigeria.