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Small and Medium Scale Enterprises Development Agency of Nigeria Act

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Arrangement of Sections

1. Establishment of Small and Medium Scale Enterprises Development Agency of Nigeria

2. Establishment and membership of the Governing Board

3. Schedule

4. Tenure of office, etc

5. Removal of members from office

6. Emoluments, etc

7. Disclosures of interest

8. Functions of the Agency

9. Powers of the Agency

10. Director-General

11. Other employees of the Agency

12. Pensions and gratuities

An Act to establish the Small and Medium Scale Enterprises Development Agency to be charged with the responsibility for promoting and facilitating the Development Programmes in the Small and Medium Scale Industries sub-sectors and for connected purposes.

[2003 No. 16.2004 No. 12.]

[Commencement.] PART I

[19 th June, 2003]

Establishment and Governing Board of Small and Medium Scale Enterprises Development Agency of Nigeria

1. Establishment of Small and Medium Scale Enterprises Development Agency of Nigeria

(1) There is established an agency to be known as the Small and Medium Scale En-

terprises Development Agency of Nigeria (in this Act referred to as “the Agency”).

(2) The Agency-
(a) shall be a body corporate with perpetual succession and a common seal; and
(b) may sue and be sued in its corporate name.

2. Establishment and membership of the Governing Board

(1) There is established for the Agency a Governing Board consisting of a Chairman and six other part-time members to be appointed by the President.
(2) The appointment of the seven part-time members shall be made from the six geo- political zones.
(3) The following are ex officio members of the Board-
(a) (i) the Federal Ministry of Industry;
(ii) the Federal Ministry of Science and Technology;
(iii) the National Planning Commission;
(iv) the Agricultural or Industrial Research Institutes;
(v) the Indigenous Fabricators and Manufacturers of Machinery;
(vi) the Federal Ministry of Finance;
(vii) the Development Banks for Small and Medium Scale Industries;
(viii) the Bank of Industry;
(ix) the Manufacturers’ Association of Nigeria;
(x) the National Association of Small Scale Industries (NASSI); and
(b) the Director-General of the Agency.
(4) There shall be a Secretary to the Board who shall be appointed by the Board.

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