Tech News

NOTAP saves N79.3bn from capital flight in 4Yrs

The National Office for Technology Acquisition and Promotion, NOTAP Wednesday said it has saved N79.3 billion between 2015 and 2019 from capital flight.

The Director General if the agency, Dr. DanAzumi Ibrahim made the disclosure at a media briefing on the NOTAP’s effort towards the implementation of Executive Order Number 5 (Ex05) held in Abuja.

He said NOTAP has taken bold steps in ensuring full implementation of the EO5 signed into law in 2018 by insisting that local content get fair share in every public contract and project execution, which resulted in the huge savings of revenue that would have been lost to capital flight.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Subscribe to our Newsletter to Get Fresh and Free Updates.

Subscribe to our Newsletter to Get Fresh and Free Updates.

ICT news breaks, new industry statistics, Pinpoint Tech reviews and much more!

You have Successfully Subscribed!