Section 5: Powers of the Academy.

(1) For the carrying out of its functions as specified in this Act the Academy shall have power-
(a) to provide courses of instruction and training-
(i) in marine technology, including marine engineering, navigation, applied maritime sciences, shipping business and the management thereof and any other courses as may be approved by the Council from time to time;
(ii) in maritime sciences related to the needs and development of Nigeria in areas associated with maritime affairs; and
(iii) in applied research in maritime technology and related activities;
(b) to arrange conferences and seminars;
(c) to encourage and promote in-service training and study groups;
(d) to hold examinations and grant or award diplomas, and other distinctions to persons who have pursued a course of study approved by the Council and have satisfied such other requirements as the Council may lay down;
(e) to demand and receive from any student or any other person attending the Academy for the purpose of instruction such fees as the Council may, with the prior approval of the Minister, from to time to time, determine;
(f) to hold public lectures and undertake printing, publishing and bookselling;
(g) to make gifts for any charitable purpose;
(h) to undertake any other activity appropriate for a maritime academy of the highest standard.