The Senate has taken a significant step towards empowering local contractors by resolving to amend the Public Procurement and Local Content Acts. This move aims to eliminate restrictive provisions that hinder the participation of local contractors in government contracts.
The decision was made after a motion was sponsored by Senator Suleiman Umar Sadiq, who highlighted the need to engage local contractors in small-scale federal government contracts to stimulate grassroots economic development. He noted that despite existing local content policies, many small-scale contracts are often awarded to larger, non-indigenous firms, limiting economic benefits to local communities.
Sadiq argued that engaging local contractors would enhance community participation, create jobs, and increase productivity. He also urged the Senate to direct the government to relax certain bidding requirements, such as three years of tax clearance for contracts below ₦50 million, to make them more accessible to local firms.
Several senators supported the motion, citing the need to amend the laws to allow local contractors to compete fairly. The Senate President, Godswill Akpabio, noted that he promoted local contractors during his tenure as governor of Akwa Ibom State and lamented that foreign firms often fail to build local capacity.
The Senate has directed its Committees on Public Procurement and Local Content to identify gaps in the existing laws and draft a bill to address them. The committees have been tasked with conducting a holistic review of the laws and expanding the compulsory involvement of local companies beyond the oil and gas sector to other sectors of the economy.
Some senators, like Adams Oshiomhole, cautioned that local contractors must be adequately equipped and competent to deliver quality work. The Senate’s move is expected to stimulate grassroots economic development and promote the growth of small and medium-sized enterprises (SMEs) and local contractors.
EMIR OF ILORIN HONORS KWARA UNITED WITH GIANT COW FOR FEDERATION CUP VICTORY
In a grand gesture of celebration and solidarity, the Emir of Ilorin, His Royal Highness Alhaji (Dr) Ibrahim Sulu-Gambari CFR, has gifted a giant cow to Kwara United Football Club in recognition of their historic win at the President Federation Cup. The monarch received the victorious team at his palace, commending their resilience, discipline, and determination throughout the tournament.
The Emir urged the team to build on this success as they prepare for upcoming challenges, including the FA Cup and Nigeria Premier Football League (NPFL) campaigns. “All eyes are now on you,” he said. “You are the cynosure of Kwara State following this triumph, which has eluded us since the creation of the state.”
He encouraged the players to remain focused and draw inspiration from the late Rashidi Yekini, a football icon and son of Kwara. The Emir also dedicated the victory to Governor AbdulRahman AbdulRazaq, acknowledging the state government’s critical support and provision of resources that enabled the team’s participation and success.
The delegation to the Emir’s palace was led by prominent sports officials, including the Executive Chairman of the Kwara State Sports Commission, Mallam Bola Mogaji, and top management staff of Kwara United.
This milestone achievement marks the end of a 49-year title drought for Kwara United and has positioned the club as a beacon of hope and pride for football development in the state.
NOLLYWOOD LEGEND OGA BELLO TURNS 60 YEARS ON STAGE: A LEGACY OF EXCELLENCE
Adebayo Salami, affectionately known as Oga Bello, has reached a remarkable milestone in his illustrious career, marking 60 years on stage. To commemorate this incredible achievement, Salami premiered his latest movie, “Her Excellency,” in a grand celebration attended by fellow Nollywood stars, friends, and family.
The event was a fitting tribute to Salami’s enduring contributions to the Nigerian film industry. Congratulations to Adebayo Salami on this impressive milestone! May his legacy continue to inspire generations to come.
CAC LAUNCHES AI-POWERED REGISTRATION PORTAL TO REVOLUTIONIZE BUSINESS REGISTRATION IN NIGERIA
The Corporate Affairs Commission (CAC) has unveiled a new Artificial Intelligence (AI)-powered registration portal, marking a significant milestone in its transformative initiatives. This cutting-edge technology is set to overhaul the Company Registration Portal (CRP) and make doing business in Nigeria more efficient.
At the 2025 Stakeholders Forum in Port Harcourt, the Registrar-General/CEO of CAC, Hussaini Ishaq Magaji, SAN, announced the launch of the new portal. According to Magaji, the portal features instant name reservations, intelligent name suggestions, and the ability to register businesses using only a director’s or proprietor’s National Identification Number (NIN).
The CAC aims to process business registrations within 30 minutes, generating certificates and delivering them to customers’ emails, subject to real-time NIN verification. To address potential delays due to external validation from NIMC, the CAC has developed a contingency solution using AI-powered photo ID matching.
The Commission is also exploring partnerships with super agents, including the Nigerian Inter-Bank Settlement System (NIBSS), and has received over 100 requests from potential partners. Upcoming services include Two-Factor Authentication & OTP Verification for all transactions and a CAC Mobile App, expected to launch by the last quarter of this year.
To maintain quality service delivery, the CAC has reviewed certain service fees, effective August 1, 2025. The launch event featured goodwill messages from prominent stakeholders, including the Chairman of the Nigerian Bar Association Port Harcourt Branch, and technical support from the CAC team to resolve customer complaints.
This development is poised to significantly improve the business registration process in Nigeria, making it more efficient and user-friendly.
CAC LAUNCHES AI-POWERED REGISTRATION PORTAL TO REVOLUTIONIZE BUSINESS REGISTRATION IN NIGERIA
The Corporate Affairs Commission (CAC) has unveiled a new Artificial Intelligence (AI)-powered registration portal, marking a significant milestone in its transformative initiatives. This cutting-edge technology is set to overhaul the Company Registration Portal (CRP) and make doing business in Nigeria more efficient.
At the 2025 Stakeholders Forum in Port Harcourt, the Registrar-General/CEO of CAC, Hussaini Ishaq Magaji, SAN, announced the launch of the new portal. According to Magaji, the portal features instant name reservations, intelligent name suggestions, and the ability to register businesses using only a director’s or proprietor’s National Identification Number (NIN).
The CAC aims to process business registrations within 30 minutes, generating certificates and delivering them to customers’ emails, subject to real-time NIN verification. To address potential delays due to external validation from NIMC, the CAC has developed a contingency solution using AI-powered photo ID matching.
The Commission is also exploring partnerships with super agents, including the Nigerian Inter-Bank Settlement System (NIBSS), and has received over 100 requests from potential partners. Upcoming services include Two-Factor Authentication & OTP Verification for all transactions and a CAC Mobile App, expected to launch by the last quarter of this year.
To maintain quality service delivery, the CAC has reviewed certain service fees, effective August 1, 2025. The launch event featured goodwill messages from prominent stakeholders, including the Chairman of the Nigerian Bar Association Port Harcourt Branch, and technical support from the CAC team to resolve customer complaints.
This development is poised to significantly improve the business registration process in Nigeria, making it more efficient and user-friendly.
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