Section 11: Powers of the Board.

The Board shall have powers to-(a) formulate policies and ratify short and long-term plan of the Institute;
(b) ratify the annual budget and estimates of the Institute in accordance with approval granted by the National Assembly in the Appropriation Act;
(c) approve research and academic programmes of the Institute;
(d) approve investment plan of the Institute;
(e) consider and approve the capital development plans of the Institute;
(f) receive and consider proposals, recommendations and suggestions of the Director-General or any committee of the Board on matters relating to the functions of the Institute under this Act;
(g) constitute any committee that may be necessary to discharge any of the function assigned to it under this Act;
(h) attract funds by way of donations and contributions to the Institute and put in place mechanisms for collection and utilisation of such funds;
(i) invest surplus funds of the Institute in profit-yielding ventures; and
(j) carry out or exercise any other powers that may be necessary for the achievement of the objects of this Act.