SMALL AND MEDIUM SCALE ENTERPRISES DEVELOPMENT AGENCY OF NIGERIA ACT

Section 14: Expenditure of the Agency.

2003Section 14 of 29Federal Republic of Nigeria

The Agency may, from time to time, with the approval of the Board, apply the proceeds of the fund established in pursuance of section 13 of this Acts.(a) to the cost of administration of the Agency;
(b) to the paying of the emoluments, allowances and benefits of members of the Board and for reimbursing members of the Board or of any committee set up by the Board for such expenses as may be expressly authorized by the Board.
(c) to the payments of the salaries, fees or other remuneration and benefits or allowances, gratuities and pensions, and other benefits payable to the officers and other employees of the Agency;
(d) for the development and maintenance of any property vested in or owned by the Agency; and
(e) for and in connection with all or any of its functions under this Act or in such other securities as may, from time to time, be approved by the Minister.

Cite this section

Section 14, SMALL AND MEDIUM SCALE ENTERPRISES DEVELOPMENT AGENCY OF NIGERIA ACT (2003).

https://repo.podus.ai/laws/small-and-medium-scale-enterprises-development-agency-of-nigeria-act/section/14/