The Speaker Lagos State House of Assembly, Rt Hon. Mudashiru Obasa has said the Bill to amend the public procurement law would not only ensure cost effectiveness but will reduce corruption and seamless procurement process.
Obasa who made the remark at a Public Hearing on a Bill for a Law to Amend the Lagos State Public Procurement Agency Law 2015 said that there is need for funding to be accounted for to avoid diversion.
Represented by Deputy Speaker Wasiu Sanni Eshinlokun, he said there is need to make the law more functional and address challenges of procurement process in the state.
He also said that the bill will ensure speedy completion of projects while the increase in mobilization fee will reduce abandonment of projects.
Chairman House Committee on Finance, Oluyinka Ogundimu, said the Public Hearing organised on a Bill for a Law to amend the Lagos State Public Procurement Agency Law twenty fifteen is to make the process to work better, ensure accountability in award of contracts and dissuade abandonment of projects in the State.
Ogundimu stated further that the Public Hearing on the amendment of the Public Procurement Law was important adding that the House was poised to do it job when it comes to law making process and also assess Laws to see how it would be made better.
He urged Stakeholders to come up with meaningful Submissions saying the committee would still accept memoranda after the public hearing.
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