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Senate Requests FG to implement 1% remittance into NASENI Account yearly

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The Senate has requested the federal  government of Nigeria 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 effect from September 2020.

Luck 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 .

In his submissions, Haruna expressed sadness 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 , states that NASENI shall draw from the federation account , 1% revenue accruing to the  Federal Treasury beginning from year 2000 but the agency has not received a  dime from the federation account  as stipulated by the aw .

Read Also: Senate Scold NTA over Non-profitable Ventures

Consequently, 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 2020, commence disbursement of 1% allocation from the federation account into the coffers 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 potentials to develop and industrialise the Nigerian economy through the core mandates given to it by the extant laws” , he said .

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