FAMILY ECONOMIC ADVANCEMENT PROGRAMME (ESTABLISHMENT, ETC.) ACT

Section 15: Fund, etc.

1997Section 15 of 39Federal Republic of Nigeria

(1) The Board shall establish and maintain for the Programme a fund from which shall be defrayed all expenditure incurred by the Programme.
(2) There shall be paid and credited to the fund established in pursuance of subsection (1) of this section-
(a) such moneys as may be granted or received from the Federal, State or local governments;
(b) such money as may, from time to time, be granted or received from-
(i) the organised private sector;
(ii) international or donor organisations and non-governmental organisations;
(c) all fees and charges for services rendered by the Programme;
(d) all other sums which may, from time to time, accrue to the Programme.
(3) The Board may, from time to time, apply the funds at its disposal-
(a) to the cost of the administration of the Programme;
(b) the payment of fees, allowances and expenses of members of the Board, the National Technical Advisory Committee or of any committee set up by the Board;
(c) to the payment of salaries, allowances and benefits of officers and servants of the Programme;
(d) for the maintenance of any property vested in the Programme or under its administration; and
(e) for and in connection with all or any of the objectives of the Programme under this Act.

Cite this section

Section 15, FAMILY ECONOMIC ADVANCEMENT PROGRAMME (ESTABLISHMENT, ETC.) ACT (1997).

https://repo.podus.ai/laws/family-economic-advancement-programme-establishment-etc-act/section/15/