Section 6: Functions of the Board of Trustees

The Board of Trustees shall-(a) monitor and ensure collection of education tax by the Service and ensure transfer of same to the Fund;
(b) manage and disburse the tax imposed by this Act;
(c) liaise with the appropriate ministries or bodies responsible for collection or safe keeping of the tax;
(d) receive requests and approve admittable projects after due consideration;
(e) ensure disbursement of funds to various public tertiary educational institutions in Nigeria;
(f) monitor and evaluate execution of the projects;
(g) invest funds in appropriate and safe securities;
(h) update the Federal Government on its activities and progress through annual and audited reports;
(i) review progress and suggest improvement within the provisions of this Act;
(j) do such other things as are necessary or incidental to the objects of the Fund under this Act or as may be assigned by the Federal Government;
(k) make and issue guidelines, from time to time, to all beneficiaries on disbursement from the fund on the use of monies received from the fund;and
(l) generally to regulate the administration, application and disbursement of monies from the fund under this Act.