Section 15: Fund of the Council.

(1) There is established a fund for the Council (in this Act referred to as 'the Fund").
(2) There shall be paid into the Fund -
(a) grants, subsidies, foreign aid and donations from NIFST, Governments and non-government partners, gifts, charges, fees, subscriptions and interests; and
(b) such other money accruing to, or vested in, the Council in respect of any matter incidental to its powers and functions under this Act.
(3) There shall be paid out of the Fund-
(a) the costs of administration of the Council;
(b) the emoluments, allowance and benefits of members of the Council, reimbursement of members of the Council or any committee set up by the Council and for such other expenses as may be authorised by the Council;
(c) the payment of salaries, fees or other benefits payable to the staff and other employees of the Council, but no payment of any kind under this paragraph (except such as may be authorised by the Council) shall be made to any person who is in receipt of emoluments from Government of the Federation or of a State;
(d) expenditures in support of training;
(e) cost of research;
(f) cost of development and maintenance of any property vested in or owned by the Council; and
(g) any other expenditure approved by the Council for the performance of its functions and obligations under this Act.
(4) The Council may invest any surplus fund in the securities created or issued by it or in other securities or ventures in Nigeria approved by the Council and the income generated from the investment shall be paid Into the Fund.
(5) The Council may subject to the approval of the Minister, borrow money for the purpose of the Council and its functions under this Act and such money and interests payable on the money shall be paid out of the Fund.