Section 8: Powers of the Board

The Board shall have power to-(a) open and operate ordinary and domiciliary accounts for the Agency in recognised banking institutions in Nigeria;
(b) enter into research and production partnerships with any company, firm or individual, as may be necessary, for the performance of the functions of the Agency, provided that a partnership which is of the value of N50 million or above shall require the prior approval of the President;
(c)
specify the management system, including financial approval ceilings, for the officers of the Agency;
(d) devise and operate a programme of "Volunteers for National Science and Engineering Infrastructure" for securing the contributions of Nigerian experts who are resident abroad; and
(e) do such other things as are necessary for the successful performance of the functions of the Agency.