Bayelsa State Governor Douye Diri on Thursday signed into law three bills passed by the state House of Assembly.
The bills are the Public Procurement Amendment Bill, Fiscal Responsibility Amendment Bill and the Debt Management Office Bill.
With the signing of the bills into law, Bayelsa is now among states in Nigeria that adhere to the International Public Sector Accounting Standards (IPSAS).
While signing the bills, the governor was quoted in a statement by his Acting Press Secretary, Mr Alabrah, that the laws would check the excesses of those saddled with the responsibility of procurement in governmentโs Ministries, Departments and Agencies (MDAs).
He said: โThe Public Procurement Law at the federal level came into existence in 2007. As a member of the Public Procurement Committee in the House of Representatives, there was so much that was exposed by that committee.
โBefore the Public Procurement Law was enacted, the United Nations observed that for every one naira spent in Nigeria, about 60 kobo was being wasted.โ
The governor stressed that an effective procurement system could not be achieved without transparency and the active participation of the citizens in the budgetary process.
He added: โIt is very necessary to bring out a bill that will check the wastefulness and excesses of those who are in charge of procurement because this is going to be a warning to all of us who are involved in the procurement processes.
โYou must adhere strictly to the amendment that has been signed into law today. And this is to safeguard even those involved in the procurement processes. This would check wasteful expenditures if we keep to all the rules and all the regulations of the amended public procurement law.โ
He commended the lawmakers for painstakingly deliberating on the bills.
โLet me commend the state assembly for being workaholics and for being committed to serving the people that elected you. The spirit with which you passed the 2020 budget is the same spirit with which you have passed this three amendment bills,โ he noted.
In his remarks, the Speaker, Abraham Ingobere, assured the governor of the commitment of the House to the wellbeing of people of the state.
He said the legislative arm would continue to work hand in hand with the executive in order to accelerate the socio-economic growth of the state.
Ingobere said the House received the executive bill on May 13, 2020 and it was able to conclude the process within seven days.
โWe carefully studied the bill, the amendment section and it is in the best interest of the state,โ he said.
