Section 29: Funds of the bureau
(1) The Bureau shall establish and maintain a Fund from which shall be defrayed all expenditure incurred by the bureau.
(2) There shall be paid and credited to the Fund established pursuant to subsection (1) of this section-
(a) annual budgetary allocation by the Federal Government;
(b) all monies raised for the purpose of the Bureau by way of gift, loan, grant-in aid, testamentary disposition or otherwise;
(c) all subscriptions fees and charges for services rendered or publications made by the Bureau; and
(d) all other assets that may from time to time accrue to the Bureau.
(3) The Fund shall be managed in accordance with Financial Regulations and other extant rules relating to financial transactions of the Federal Government of Nigeria.
(4) The Bureau may from time to time apply the proceeds of the Fund established in pursuance of the Act for the following purposes:
(a) to the cost of administration of the Bureau;
(b) for the payment of the salaries, expenses, allowances and benefits of the employees of the Bureau;
(c) to reimburse members of the Board and its committee and members of the National Consultative Committee on Statistics such expenses as may be expressly authorized by the Board and for the payment of their allowances; and
(d) in connection with all or any of its functions under this Act or any other written law, the Bureau may invest any silt-plus funds in such risk free securities as may be approved by the Board.
Cite this section
Section 29, STATISTICS ACT (2007).
https://repo.podus.ai/laws/statistics-act/section/29/