ASENI was established in 1992 by the Federal Government of Nigeria. The Agency's mandate is to create an enabling, knowledge-driven environment for local mass-production of standard parts, goods and services required for the nation's science and technology advancement.
The enabling legislation for the Agency is the NASENI Act ("the Act").
One of the ways in which the Agency is to be funded is through a levy of 0.25% of turnover of commercial companies with turnover of at least N100m. The President has directed the FIRS to collect the levy from eligible companies.
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