NATIONAL AGRICULTURAL DEVELOPMENT FUND (ESTABLISHMENT) ACT, 2022
Section 2: Sources of the Fund
1 The Fund shall consist of—
a an amount constituting —
(i) 0.5% of the Natural Resource Development Fund, and
(ii) 5% of the duty levied on imported rice, wheat, sugar, milk, poultry and fish;
b any take-off grant and special intervention fund as may be provided by the Federal, State and Local Government of the Federation;
c such money as may be appropriated to meet the objective of this Act by the National Assembly in the budget;
d aids, grants and assistance from international bilateral and multilateral agencies, non-governmental organisations and the private sector;
e grants, donations, endowments, bequests and gifts, whether of money, land or any other property from any source; and
f money derived from investment made by the Fund.
2 Subsection (1) (d) and (e) are be acceptable to the Fund except where the terms and conditions attached are inconsistent with the objective of the Fund and the provisions of this Act.
Cite this section
Section 2, NATIONAL AGRICULTURAL DEVELOPMENT FUND (ESTABLISHMENT) ACT, 2022 (2022).
https://repo.podus.ai/laws/national-agricultural-development-fund-establishment-act-2022/section/2/