Section 17: Funds of the Bureau

(1) The Bureau shall establish and maintain a fund (in this Act referred to as "the Fund") from which shall be defrayed all expenditure incurred by the Bureau for the purpose of this Act.
(2) There shall be credited to the Fund -
(a) an initial-take-off subvention as may be appropriated to the Bureau by the National Assembly;
(b) such sums as may be appropriated to the Bureau by the Federal Government;
(c) such money as may be provided to the Bureau by the Federal Government, a State or Local Government;
(d) all sums accruing to the Bureau by way of gifts, endowments, bequests, donations, grants or voluntary contributions by persons and organisations;
(e) foreign aid and assistance from multi-lateral and bilateral organisations;
(f) subventions and extra budgetary allocations accruable from the Federal Government or any other institution;
(g) fees and charges for services rendered by the Bureau;
(h) fees from publications made by the Bureau;
(i) any other fund that may be approved for the development of transportation safety in Nigeria;
(j) all other sums or assets that may be vested in or accrue to the Bureau in the course of performing its functions under this Act;
(k) 6% of the 5% airfare, contract, charter and cargo charges as imposed under section 12 (2) and (3) of the Civil Aviation Act; [Act No. 16, 2006]
(l) 5% of the passenger service charge (PSC) as charged under section 12(1) (b) (iii) of Federal Airports Authority of Nigeria Act, 2004 or Act of any other agency carrying out its functions in future and sums accruable therefrom or as may be amended; [Cap. F5, LFN, 2004]
(m) 5% of any other air passenger service charges collected by any airport terminal operator in Nigeria;
(n) 3% of the 3% of gross freight of all international inbound and outbound cargo from ships or shipping companies operating in Nigeria collected and paid over to the Nigeria Maritime Administration and Safety Agency;
(o) 5% of ticket sales of rail passengers and cargo charges; and
(p) other charges levied on other modes of transportation as may be approved by the Federal Executive Council for the development of transportation safety in Nigeria.
(3) The Fund shall be managed in accordance with extant financial regulations applicable in the public service of the Federation and regulations made under this Act.