Section 1: Establishment of the Population Activities Fund

(1) There is hereby established for the purpose of providing the Federal and State Government agencies, local governments and non-governmental organisations grants for population related projects a fund to be known as the Population Activities Fund (in this Act referred to as "the Fund").
(2) The Fund established by subsection (1) of this section shall consist of-
(a) the sum of U.S.$900,800,000, contributed as follows, that is-
(i) 84 per cent from the World Bank International Development Association
totalling a sum of U.S.$760,800,000;
(ii) 16 per cent from the Federal Government of Nigeria totalling a sum of U.S.$ 150,300,000; and
(b) such money as may be raised by way of contributions by the Governing Council
of the Fund established by section 2 of this Act.