Section 3: Establishment of Governing Council and functions

(1) There is established for the Institute a Governing body (in this Act referred to as "the Council") charged with the responsibility for the administration and general management of the Institute.
(2) The Council shall consist of the -
(a) Minister responsible for education or his representative;
(b) Minister responsible for National Planning Commission or his representative;
(c) Head of Service of the Federation or his representative;
(d) Governor of the Central Bank of Nigeria or his representative;
(e) Statistician General of the Federation or his representative;
(f) Chairman, National Population Commission or his representative;
(g) Eight persons elected by the Institute who must be Chartered members; and
(h) President and Vice-President of the Institute.
(3) The Council shall consist of a total of 15 persons who shall either be Fellows or Associate members appointed or elected, as the case may be.
(4) Provisions of the First Schedule to this Act shall have effect with respect to the qualifications and tenure of office of members of the Council and the other matters mentioned in it. [First Schedule]
(5) The Council shall set guidelines for the recruitment, discipline and promotion of staff, approve terms and conditions of service, and benefits of employees of the Institute.
(6) The remuneration, allowances, and benefits of the President, Vice-President, and Council members shall be approved by the general meeting of the Institute.