Section 7: Powers of the Council.

The Council shall have power to-(a) approve the opening of ordinary and domiciliary accounts for the Agency in recognized banking institutions in Nigeria, subject at any time, to the prevailing Government regulation;
(b) grant approval for the Agency to enter into research and production partnerships with any company, Non-Governmental Organisation, firm or individual;
(c) appoint technical consultants to advise it from time to time as the need and situation may arise; and
(d) do such other things as are necessary for the successful performance of the function of the Agency.