Section 9: Funds of the Council (as amended by Section 2 of the National Automotive Council (Amendment) Act, 2007)

(1) The Council shall establish a fund which shall consist of-
(a) such sums as may be provided to it by the Government of the Federation for running the affairs of the Council;
(b) such sums as may be collected or received by the Council for services rendered by the Council;
(c) contributions from the organised private section;
(d) such sums as may, from time to time, be lent to the Council by any person; and
(e) such other sums as may be received by the Council from any other source.
(2) The other resources of the Council shall consist of all other assets which may, from time to time, be vested in or accrue to the Council in the course of discharging its functions under or pursuant to this Act.
(3) The Council may, from time to time, apply the proceeds of the fund established in pursuance of subsection (1) of this section for the following purposes, that is-
(a) to the cost of administration of the Council and any research work carried on by or on behalf of the Council;
(b) to the provision of such training for employees of the Council as the Council may deem necessary;
(c) to reimburse members of the Council and the committees of the Council for such expenses as may be expressly authorised by the Council; and
(d) in connection with all or any of its functions under this Act or under any other written law.