Politics, Sports, Business, Entertainment and News you will get nowhere else.

Tuesday, 25 August 2020

Senate Urges Federal Government to Effect 1% Remittance into NASENI Account Yearly


The Senate Tuesday, urged the federal government of Nigeria to from September this year, ensure remittance of 1% from federation account into the coffers of the National Agency for Science and Engineering Infrastructure ( NASENI) in line with the extant laws.
The fortune fell on NASENI when its Executive Vice Chairman, Professor Mohammed Sani Haruna made submissions on revenue projections of the agency for the 2021 budget before the Senate's joint Committee on Finance and National Planning.
Professor Haruna in his submissions, lamented that the agency had never received 1% remittance from the federation account as provided for by the 2004 National Assembly Acts.
The Act according to him, stipulates that NASENI shall draw from the federation account, 1% revenue accruing to the the Federal Treasury beginning from year 2000 but the agency had never received a kobo from the federation account as stipulated by the law.
Moved by the submission, the joint committee led by Senator Solomon Olamilekan Adeola (APC Lagos West), ordered the Accountant General of the Federation (AGF) Ahmed Idris, to from September this year, commence the disbursement of 1% allocation from the federation account into the coffers of NASENI.
"The Act setting up NASENI was the Act of the National Assembly and the Accountant General of the Federation could not be allowed to flout the law.
"Therefore, since the AGF is here, please ensure that the executive starts implementation of the law from September this year because NASENI has potentials to develop and industrialise the Nigerian economy through the core mandates given to it by the extant laws", he said.

No comments:

Post a comment

Disclaimer: Comments made by readers of this blog are strictly the views and opinions of the writers and not that of Nedu Echianu's Blog.

Credit is given to the original sources of culled stories, but in a situation where your story is wrongfully credited to someone else, please contact neduechianu@gmail.com for an immediate correction.

For eye witness reports, stories and features which you want published on this blog please contact me on +234-8037036168 or neduechianu@gmail.com.