Senate Urges FG to effect 1% remittance into NASENI Account yearly

The Senate called on the federal  government to ensure the remittance of 1% from the federation account into the coffers of the National Agency for Science and Engineering Infrastructure (NASENI) from September this year, in line with the extant laws .

This directive was given when NASENI's 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 on Tuesday.

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

The Act stipulates that NASENI shall draw from the federation account, 1% revenue accruing to the the  Federal Treasury beginning from year 2000 but the agency has never received any of this fund.

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 ensure that disbursement of 1 percent allocation from the federation account to NASENI commences from September this year.

" 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 .