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Presidency directs FIRS to remit statutory cash allocations to NASENI


Presidency directs FIRS to remit statutory cash allocations to NASENI
NASENI was founded to stimulate linkages between science and technology, academics and the industrial sector on the one hand and the country’s economic and industrial transformation on the other.
In order to enable the
National Agency for Science and Engineering Infrastructure (NASENI) to fulfil its mandate, the Presidency has directed the Federal Inland Revenue Service (FIRS) to remit statutory deductions meant for the agency.
The NASENI Establishment Act 2004 mandates FIRS to remit to it a quarter per cent of the levy on turnover of firms earning over N100million and above. ....

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