Section 17: Borrowing powers.

(1) Subject to applicable laws and regulations, the Board may borrow by overdraft or otherwise, such money as the Authority may require for the performance of its functions under this Act.
(2) The Board shall not, without the approval of the President borrow money, which exceeds, at any time, the limit set by the Government of the Federation.
(3) Notwithstanding subsection (1), where the sum to be borrowed is in foreign currency, the Board shall not borrow the sum without the prior approval of the President on the recommendation of the Minister.