Regulator Spotlight - National Office For Technology Acquisition And Promotion (NOTAP)

INTRODUCTION

In Nigeria's technological landscape, the National Office for Technology Acquisition and Promotion (the "NOTAP") is the primary government agency responsible for overseeing technology transfer activities in the country. Technology Transfer Agreements involve the exchange of technology-related assets, knowledge, and skills between entities, often from developed countries to developing ones like Nigeria. Established by the National Office for Technology Acquisition and Promotion Act of 2004 (the "Act" or "NOTAP Act"), NOTAP supervises and protects the interests of both local and foreign entities engaged in acquisition of technology.

In fulfilling its mandate to move Nigeria from the periphery to the dominant center of the global industrial power structure within the shortest possible time, NOTAP has adopted a technology acquisition strategy and a vibrant innovation, research and development commercialization program. To this end, NOTAP executes a