Evidence of training of local staff on the utilization of the licensed software should be provided. Agreements in the Engineering/Construction & Manufacturing Industries These agreements must contain the following: Types of products/services Sources of local raw materials value addition/local content Sources of spare parts Sources of equipment/machinery Available local skills/machinery Research and Development Centres Status of Research and Development in detail New product development and equipment installation Investment in new products Backward integration programmes by the company Payment should be based on milestones of job completed. APPLICABLE REGISTRATION FEES The applicable registration fees comprise of the following: Presentation fee for submission of agreements Penalty fee for late submission of agreements for registration after 60 days of its commencement Registration fees on the amount of remittance Processing fee for extension of a registered technology transfer agreement where necessary THE CURRENT FEES ARE AS STATED IN THE SCHEDULE OF FEES PROVIDED Revised rate of Presentation and Registration Fees for the year 2014 1. Presentation Fee =N50,000.00 2. Penalty Fee =N100,000.00 3. Registration Fee for Contracts involving payment (i) under N5m = N100,000.00 (ii) N5m N10m = N150,000.00 – (iii) N10m N20m = N250,000.00 – (iv) N20m – N50m = N500,000.00 (v) N50m – N100m = N1,000,000.00 (vi) N100m N250m = N1,250,000.00 – (vii) N250m N500m = N1,500,000.00 – (viii) N1bn = N1,750,000.00 – (ix) N1bn N1.5bn = N2,000,000.00 – (x) N1.5bn N2bn = N2,500,000.00 –
Evidence of training of local staff on the utilization of the licensed software should be provided. Agreements in the Engineering/Construction & Manufacturing Industries These agreements must contain the following: Types of products/services Sources of local raw materials value addition/local content Sources of spare parts Sources of equipment/machinery Available local skills/machinery Research and Development Centres Status of Research and Development in detail New product development and equipment installation Investment in new products Backward integration programmes by the company Payment should be based on milestones of job completed. APPLICABLE REGISTRATION FEES The applicable registration fees comprise of the following: Presentation fee for submission of agreements Penalty fee for late submission of agreements for registration after 60 days of its commencement Registration fees on the amount of remittance Processing fee for extension of a registered technology transfer agreement where necessary THE CURRENT FEES ARE AS STATED IN THE SCHEDULE OF FEES PROVIDED Revised rate of Presentation and Registration Fees for the year 2014 1. Presentation Fee =N50,000.00 2. Penalty Fee =N100,000.00 3. Registration Fee for Contracts involving payment (i) under N5m = N100,000.00 (ii) N5m – N10m = N150,000.00 (iii) N10m – N20m = N250,000.00 (iv) N20m – N50m = N500,000.00 (v) N50m – N100m = N1,000,000.00 (vi) N100m – N250m = N1,250,000.00 (vii) N250m – N500m = N1,500,000.00 (viii) – N1bn = N1,750,000.00 (ix) N1bn – N1.5bn = N2,000,000.00 (x) N1.5bn – N2bn = N2,500,000.00