A Bill for an Act to Amend the National Office for Technology Acquisition and Promotion Act, Cap N62, Laws of the Federation of Nigeria 2004, to Strengthen the Capacity of the National Office for Technology Acquisition and Promotion to Monitor, on a Continual Basis, the Transfer of Foreign Technology to Nigeria; to Encourage, Regulate, and Commercialize Inventions, Innovations, and Research and Development Results More Effectively; and to Ensure Enhanced and Diversified Representation in Its Governance for Broader Sectorial Coverage and for Related Matters

Abstract

This Bill seeks to establish the National Office for Technology Acquisition and Promotion (NOTAP) as a corporate body with the responsibility of promoting and facilitating the acquisition and development of technology in Nigeria. It provides for the registration of technology transfer agreements, compliance and enforcement mechanisms, and collaboration with State Governments and Federal Ministries, Departments, and Agencies (MDAs). The Bill also makes provisions for offences and penalties, as well as financial management, staff regulations, and the powers of the Director General.