Section 3: Establishment of the Governing Council, etc.

(1) There shall be established for the Centre, a Governing Council (in this Act referred to as "the Council") which shall provide the general policy guidelines, for the day-to-day administration of the affairs of the Centre.
(2) Without prejudice to the generality of subsection (1) of this section, it shall be the responsibility of the Council to-
(a) consider and approve for the Centre, its-
(b) advise the Minister on policies, plans and programme for effective planning and management of the Nigerian economy for sustained development;
(c) establish and maintain for research purposes and for other purposes connected with the functions conferred on the Centre by or pursuant to this Act an up-to-date library, comprising reports and other publications for the advancement of knowledge in the area of work undertaken by it;
(d) provide for and support the publication and effective dissemination of materials and ideas in areas connected with the functions conferred on the Centre by or pursuant to this Act;
(e) enter into such contracts as may be necessary or expedient for carrying into effect the provisions of this Act;
(f) acquire and hold such movable and immovable property as may be necessary or expedient for carrying into effect the provisions of this Act and for the same purpose may sell, lease, mortgage, or otherwise allocate or dispose of any property acquired or held by the Centre and no longer required by the Centre; and
(g) carry out such other activities as are necessary and expedient for the full discharge of any of the functions conferred on the Council under or pursuant to this Act.