Section 9: General fund of the University

(1) There shall be a general fund for the University which shall consist of annual budgetary allocation by the Federal Government through -
(a) appropriation by the National Assembly;
(b) grants-in-aid;
(c) fees;
(d) income derived from investments;
(e) gifts, legacies, endowments and donations not accepted for a particular purpose;
(f) income derived from the exercise of any functions conferred or imposed on the University by this Act;
(g) any other amounts, charges or dues recoverable by the University;
(h) revenue accruing to the University by way of subvention;
(i) interests on investments; and
(j) donations and legacies accruing to the University from any source for the general or special purposes of the University.
(2) Pursuant to subsection (1), Nigerian Railway Authority shall not later than 30th September in each financial year prepare and forward to the Minister for presentation to the National Assembly for approval a statement of estimated income and expenditure to augment subsection (1).