Senate Urges FG To Effect 1% Remittance Into Coffers Of NASENI

25 August 2020 by James Itodo

The Senate has urged the Federal Government to from September this year, ensure remittance of 1% from the Federation account into the coffers of the National Agency for Science and Engineering Infrastructure ( NASENI) in line with 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 joint Committee on Finance and National Planning .

Professor Haruna in his submissions , lamented that the agency had never received the 1% remittance from the federation account as provided for by the 2004 National Assembly Act.

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

” The Act setting up NASENI was the Act of the National Assembly and the Accountant General of the Federation cannot be allowed to flout the law please ensure that the executive starts implementation of the law from September this year because NASENI has potential to develop and industrialise the Nigerian economy through the core mandates given to it by the extant laws” , he said

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