National Office for Technology Acquisition and Promotion ACT
Overview
The National Office for Technology Acquisition and Promotion Act establishes the National Office for Technology Acquisition and Promotion (NOTAP) in Nigeria. The Act outlines the establishment, governance, functions, and operational procedures of the Office. The Office is tasked with monitoring the transfer of foreign technology to Nigeria, promoting the acquisition and development of indigenous technology, and registering contracts and agreements related to technology transfer. The Act provides for a Governing Council responsible for policy formulation, including representatives from various federal ministries and educational institutions. It details the registration process for technology transfer contracts, the effects and cancellation of registration, and appeals. The Act also covers staffing, financial provisions, penalties for non-compliance, and reporting requirements. The Act was enacted on 24th September 1979 and amended in 1992.