NATIONAL BIOTECHNOLOGY DEVELOPMENT AGENCY (ESTABLISHMENT) ACT, 2022

Section 18: Fund of the Agency.

2022Section 18 of 36Federal Republic of Nigeria

(1) The Agency shall establish and maintain a fund (in this Act referred to as "the Fund") into which shall be paid and credited-
(a) such sums as may be appropriated by the National Assembly;
(b) any grant from the Federal, State or Local Governments;
(c) such money as may be granted or received from-
(i) an organised private sector, or
(ii) foreign aid or assistance from bilateral and multilateral agencies;
(d) all fees and charges for services rendered by the Agency;
(e) other internally generated revenues by the Agency; and
(f) all other sums accruing to the Agency by way of gifts, grants, emoluments or bequest.
(2) The Agency may receive, charge or generate revenues by-
(a) fees and charges for services rendered by the Agency;
(b) other internally generated revenues by the Agency;
(c) profits from investment entered into by the Agency; and
(d) such other sums that may accrue to the Agency by way of gifts, emoluments or bequest.
(3) All monies so collected shall be paid into the Fund not later than ninety days from the date of receipt of the money by the Agency.

Cite this section

Section 18, NATIONAL BIOTECHNOLOGY DEVELOPMENT AGENCY (ESTABLISHMENT) ACT, 2022 (2022).

https://repo.podus.ai/laws/national-biotechnology-development-agency-establishment-act-2022/section/18/