Connect with us

Business

NOTAP reforms for effective service delivery

Published

on

NOTAP reforms for effective service delivery

The National Office for Technology Acquisition and Promotion (NOTAP) has reformed its operations by raising the level of flexibility involved for private sectors players, who come to it for sealing their technology transfer agreements.

The agency said the move was sequel to the formation of the Presidential Enabling Business Environment Council (PEBEC) by President Muhammadu Buhari to remove obstacles witnessed while doing business in Nigeria.

NOTAP has, therefore, organised a one-day interactive session in Lagos for its private sector ‘clients’ in order to intimate the clients on the reform measures and activities of NOTAP in line with its mandates to analyse and register technology transfer agreements to facilitate the ease of doing business.

Speaking at the interactive session, the Director General of NOTAP, Dr. DanAzumi Ibrahim, said in a bid to enhance its service delivery to clients and further sustain engagement, NOTAP started a working relationship with the Technical Committee of the Enabling Business Environment Secretariat.

According to him, NOTAP has successfully implemented a number of reform initiatives, adding that some of the reform initiatives were started before the establishment of PEBEC in line with feedbacks from NOTAP clients.

“Today’s interactive session is one of the outcomes of the reform initiatives.  It is intended to provide a forum for the office to interact with its esteemed clients and intimate them with the various reform initiatives and the stage of implementation to make the registration of technology transfer agreement faster,” he said.

He stated that in consideration of the importance of NOTAP to national development, especially as it affects the registration of technology transfer agreements, the office did not have any alternative than to comply with the presidential directive that will fast-track the ease of doing business in Nigeria.

He said that the initiative will also enhance the World Bank ranking of the country among the comity of nations.

The NOTAP boss said registration of technology transfer agreements was a technical and tedious job and needs painstaking efforts in order to ensure that Nigerian entrepreneurs are not constantly cheated by their technical partners.

He explained that in line with NOTAP Act, all technology transfer agreements taking effect in Nigeria should be registered in NOTAP before they can approach the Central Bank of Nigeria (CBN) through commercial banks.

to obtain foreign currency for remittance of technology transfer fees.

The DG, however, said Nigerian entrepreneurs entered into technology transfer agreements with their technical partners before coming to NOTAP, whereas they should have brought the draft agreements to NOTAP for technical advice before signing the agreements.

Advertisements
Continue Reading
Advertisement
Click to comment

Leave a Reply

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

Categories

Facebook

Trending

Take advantage of our impressive online traffic; advertise your brands and products on this site. Call For Advert Placement and Enquiries, Call: Mobile Phone:+234 803 304 2915 Online Editor: Michael Abimboye Mobile Phone: 0813 699 6757 Email: mmakesense@gmail.com Copyright © 2018 NewTelegraph Newspaper.

%d bloggers like this: