Section 4: Functions of the Institute

Subject to section 3 of this Act, the Institute shall have the following functions, that is-(a) to provide consultancy services to the Federal and State Governments, their agencies and other organisations, in the field of economic and social development;
(b) to conduct research into the economic and social problems of the country with a view to the application of the results thereof;
(c) to organise seminars and conferences on problems of economic and social development in the country, whether on its own account or on behalf of the governments of Nigeria or their agencies; and
(d) to co-operate with Nigerian universities, research institutes and other institutions in the mobilisation of the country's research potential for the task of national development and dissemination of research findings for the use of policy makers at all levels.