Section 21: Establishment of the National Senior Secondary Education Commission Fund

(1) There is established the National Senior Secondary Education Commission Fund ("the NSSEC Fund") into which shall be paid —
(a) Federal Government allocations of at least 2% of the Consolidated Revenue Fund of the Federation;
(b) take off grants from the Federal Government for the Commission;
(c) money received by the Commission from endowments and fund-raising activities relating to senior secondary education; and
(d) money received as foreign aid, local and international donor grants for senior secondary education in Nigeria.
(2) For any state and the FCT to qualify for the Federal Government intervention under subsection (1) such State and the FCT shall —
(a) establish the Senior Secondary Education Board in accordance with this Act;
(b) contribute at least 5% of the total cost of project as its commitment in the execution of the project.