NATIONAL STEEL RAW MATERIALS EXPLORATION AGENCY ACT

Section 14: Power to borrow and invest

1992Section 14 of 25Federal Republic of Nigeria

(1) The Agency may, with the consent of or in accordance with any general authority given by the Minister, borrow by way of loan from the Federal Government or by way of temporary overdraft approved by the Minister, sums required by the Agency for meeting its obligations and discharging its functions under this Act.
(2) The Agency may invest all or any of its funds in such manner as may be approved by the Minister.
(3) Subject to section 6 of this Act, the Minister may with the approval of the President issue to the Agency directions as to the disposal of surplus funds.

Cite this section

Section 14, NATIONAL STEEL RAW MATERIALS EXPLORATION AGENCY ACT (1992).

https://repo.podus.ai/laws/national-steel-raw-materials-exploration-agency-act/section/14/