NIGERIAN GEOLOGICAL SURVEY AGENCY (ESTABLISHMENT) ACT
Section 30: Power to Borrow.
(1) The Agency may, from time to time, and with the approval of the Minister borrow on such terms and conditions as the Minister may determine and such sums as it may require for the performance of its functions under this Act.
(2) The Agency shall not, without the approval of the Minister, borrow money which exceeds, at any time, the amount set by the Minister.
(3) Notwithstanding the provisions of subsection (1) of this section, where the sum to be borrowed is in foreign currency, the Agency shall not borrow the sum without the prior approval of the Minister.
Cite this section
Section 30, NIGERIAN GEOLOGICAL SURVEY AGENCY (ESTABLISHMENT) ACT (2006).
https://repo.podus.ai/laws/nigerian-geological-survey-agency-establishment-act/section/30/