Section 14: Funds of the Agency (As amended by Section 4 of the Federal Roads Maintenance Agency (amendment) Act. 2007)

(1) The funds of the Agency shall consist of-
(a) the take-off grant from the Federal Government;
(b) annual subvention from the Federal Government as provided for in the Appropriation Act;
(c) loans and grant-in-aid from Federal, bilateral and multilateral agencies;
(d) rents, fees and other internally generated revenues from services provided by the Agency;
(e) all monies collected from the toll gates;
(f) such monies accruing from road concessions;
(g) all other sums accruing to the Agency from time to time;
(h)
5% user's charge on pump price of petrol, diesel and of which 40% will accrue to FERMA and 60% to be utilised by the established State Roads Maintenance Agencies; and
(i) international vehicles transit charge as may be determined by the Honourable Minister of Transportation.
(2) The Board shall cause the publication of its funds under section 14 (1) (h) of this section to be utilised by the established State Roads Maintenance Agencies and its disbursement in the electronic and print media from time to time.
[2007 No. 64, s. 4.]