Section 7: Functions of the Board

The functions of the Board shall be to-(a)
formulate policies and advise the Federal Government on-
(i) the establishment, by the public and private sectors, of a national science and engineering infrastructure; and
(ii) the exploitation, acquisition, conservation and stockpiling of strategic materials;
(b) receive and consider proposals, recommendations and suggestions by the Technical Advisory Committee and by other bodies and persons on subjects relating to the functions of the Agency;
(c) consider and approve the capital development plans of the Agency, and consider and award contracts which lie within its competence;
(d) appoint-
(i) employees necessary for the proper discharge of the functions of the Agency; and
(ii) committees as may be expedient which shall be charged with specific functions delegated by the Board;
(e) devise strategies for attracting funds and contributions and implement mechanisms for collecting such funds and contributions and paying them into the account of the Agency;
(f) submit to the President the annual report and audited accounts of the Agency;
(g) carry out any other duties as the President may, from time to time, direct.