Effect 1% remittance into NASENI account yearly, Senate implores FG

By Tunde Opalana

The Senate has urged the Federal  Government to 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 from September this year, according to findings by Daily Times.

This was consequent upon submissions on revenue projections of the agency for the 2021 budget before the Senate’s Joint Committee on Finance and National Planning.

The Executive Vice Chairman of NASENI, Professor Mohammed Sani 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 Act.

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The Act according to him, stipulates that NASENI shall draw from the federation account, 1% revenue accruing to the Federal Treasury beginning from the year 2000 but the agency had never received a  kobo from the federation account as stipulated by the law.

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 covers for 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 the potentials to develop and industrialise the Nigerian economy through the core mandates given to it by the extant laws,” he said.