Section 28: Specialised Fund

(1) The Institute shall establish and maintain a Specialised Fund (in this Act referred to as “the Specialised Fund”) for research and its ancillary activities.
(2) The Specialised Fund shall consist of—
(a) the intervention grants from the Federal Government;
(b) annual subvention from the Federal Government;
(c) internally generated revenue from fees, commissions and dues charged by the Institute under its functions under this Act or any other enactment or law;
(d) gifts and grants-in-aid from any national or international organisation designated for the purpose; and
(e) all sums of money accruing to the Institute by way of gifts, testamentary dispositions and endowments and contributions from any other sources designated for the purpose.