FEDERAL INSTITUTE OF INDUSTRIAL RESEARCH (ESTABLISHMENT) ACT, 2023.

Section 22: Establishment of demonstration factories, spin-off companies and industrial parks.

2023Section 22 of 40Federal Republic of Nigeria

(1)
The Institute may with the approval of the Chairman of the Board or Minister, establish demonstration factories, spin-off companies or industrial parks in any of the six geo-political zones of Nigeria, based on the availability of raw materials and other factors of production of relative advantage in such zones.
(2) The Institute shall provide for-
(a) the location of the factories, companies or industrial parks;
(b) the field in which the factories, companies and industrial parks are to conduct its work and manpower training where applicable;
(c) the transfer to the centre by mutual agreement of any existing Federal, State and Local Government facilities;
(d) the establishment and constitution of senior officers of the Institute to manage the affairs of the factories, companies and industrial parks;
(e) the demonstration factories, spin-off companies and industrial parks shall be fully equipped to carry out training and research and development activities; and
(f) a suitable association and collaboration of the demonstration factories, spin off companies and industrial parks with universities, other institutions of higher learning and commercial industries.
(3) The Institute may with the approval of relevant authorities establish and operate the Federal Institute of Industrial Research Consult, which shall be a semi-autonomous body to commercialise inventions and innovations of the Institute.

Cite this section

Section 22, FEDERAL INSTITUTE OF INDUSTRIAL RESEARCH (ESTABLISHMENT) ACT, 2023. (2023).

https://repo.podus.ai/laws/federal-institute-of-industrial-research-establishment-act-2023/section/22/