Section 16: Fund of the Agency.

(1) There is established for the Agency a Fund (in this Act referred to as "the Fund") into which shall be paid or credited -
(a) all subventions and budgetary allocations from the Federal Government;
(b) gifts, loans, grants-in-aid from national, bilateral and multilateral agencies;
(c) administrative penalties payable for violation of meteorological regulations;
(d) returns on investments made by the Agency;
(e) 10% of landing charges from the Federal Airports Authority of Nigeria (FAAN);
(f) 10% of en-route and over flight charges from the Nigerian Airspace Management Agency;
(g) 9% of the 5% sales tax surcharged on tickets and cargo charges by the Nigerian Civil Aviation Authority (NCAA);
(h) fees or funds, approved by the Board in respect of such services provided by the Agency including -
(i) rendering of climatic information to the power and energy sector operators, marine and ocean going vessels and crude oil explorers in Nigeria,
(ii) provisions of agricultural, marine and non-aeronautical meteorological services,
(iii) exhibition and sale of meteorological data, information or equipment,
(iv) production and sale of books, pamphlets, bulletins, etc. on meteorological services,
(v) provision of consultancy services on meteorology including investigative meteorological activities and meteorological training,
(vi) rentals of property, plant and equipment including rents and fees received from the use of pamphlets and documentaries owned by the Agency, sale, rent or lease of landed properties,
(vii) fees from personnel licensing,
(viii) establishment, registration, licencing, monitoring and supervision of meteorological stations, telecommunication masts, including
observatories on all on-shore and off-shore platforms used by oil and gas companies in Nigeria,
(ix) provision of meteorological information on the construction of Government and non-Government owned four storey buildings and beyond, roads, dams, telecommunication masts and other related projects, or
(x) any other commercial activities;
(i) any other fund which the Federal Government may designate for the development of Civil Aviation or Meteorology in Nigeria ; and
(j) such other moneys as may be received by the Agency in the course of its operations or in relation to the exercise by the Agency of any of its functions under this Act.
(2) Subject to the provisions of the Constitution of the Federal Republic of Nigeria, 1999, the Fund established under subsection (1) shall be managed in accordance with extant Financial Regulations applicable in the public service of the Federation. [Cap. C 23, LFN, 2004.]