This was disclosed in a statement issued by Olusegun Ayeoyenikan, the Deputy Director, Information, NASENI stressing that the companies and firms will benefit from the research and programmes of the agency.
Haruna said “to begin with, the ultimate beneficiaries of NASENI’s research and development activities and programmes in the areas of capital goods, machinery and equipment including reverse-engineered spare parts and components are the commercial companies and firms operating within Nigeria themselves, in the first instance.”
President Muhammadu Buhari’s administration amended the Nigerian Finance Act 2021 especially aspects which concern implementation of payment of 0.25% turn-over of commercial companies and firms operating in Nigeria to fund research and development activities of NASENI. The special fund is also known as NASENI Levy in the new Finance Act 2021.
This Act is covering the banking, mobile telecommunication, ICT, aviation, maritime, oil and gas sectors which shall be- at the rate of 0.25%, collected by the Federal Inland Revenue Service , and credited to the account of NASENI nowpassed into law by the National Assembly and also approved by President Muhammadu Buhari.
The NASENI boss stressed the need for optimal public education and awareness creation on the benefits of NASENI programmes, research & development activities to stakeholders, firms and commercial companies whose cooperation and support are highly needed now by the Agency pursuant to its statutory function and activities.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: LeadershipNGA - 🏆 4. / 77 Read more »