Section 6: Fund of the Council. (Amended by Section 6 of the National Sugar Development Council (Amendment) Act, 2015)

(1) The Council shall establish and maintain a Fund which shall be paid into a dedicated account domiciled in the Bank of Industry (BOI) and managed by the Council under Management Fund Agreement (MFA) with the bank towards the promotion of the objectives for which the Council is established.
(2) There shall be paid and credited to the account established pursuant to Sub-section (1) of this Section-
(a) at least ten percent surcharge of CIF value of raw and refined sugar imports
(b) consequent to the attainment of sugar self-sufficiency, surcharge of N100/50kg bag of Refined sugar and N5.00/litre of Ethanol produced by all operating sugar companies and mini-plants (above 500tcd).
(c) contributions from the organised private sector; and
(d) all sums accruing to the Council by way of gifts, testamentary disposition and endowments or contributions from philanthropic organisations or persons.
(e) funds appropriated by the National Assembly for specified purposes through the National Budget.