The Federal Government has directed Ministries, Departments and Agencies (MDAs) to spend more of their budgets on locally produced goods.
Acting President Yemi Osinbajo gave the directive when he signed the 2017 appropriation bill into law on Monday.
He said the directive was to support the government’s policy on investment in critical infrastructure.
Osinbajo said: “beyond the huge provisions for investments in critical infrastructure, we have mandated government agencies to spend more of their budgets on locally produced goods.
“This will open more opportunities for job creation with benefits for government in form of tax revenues.
“We are also working hard to improve our revenue collection efficiency so that we can achieve our revenue projections.
“While we are deploying technological tools to enhance collections, the implementation of the Treasury Single Account (TSA) will continue to contribute significantly to improving transparency and accountability over government revenues.’’
The acting president said the fight against corruption was yielding positive results and added “some of the recoveries are included in the 2017 budget which will be expended on identifiable capital projects.’’
He said that already, the administration was beginning to see some improvement in the quality of public expenditure.
“This is great motivation for us to remain resolute in our fight against corruption so that economic prosperity is enjoyed by all Nigerians.’’
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