Section 6: Powers and functions of the Board.

The Board shall have power to-(a) formulate policies for the Agency;
(b) approve annual estimates, reports and statements of Accounts of the Agency;
(c) determine the terms and conditions of service of the employees of the Agency;
(d) approve the creation of such Departments, Centres and Units as may be required for efficient performance of the functions of the Agency; and
(e) carry out such other activities as may, in the opinion of the Board, be necessary for the advancement of biotechnology research and development in Nigeria.