44.
(b)
formulate
and
provide
general
policy
guidelines
for
the
implementation
of
the
provisions
of
this
Act;
(c)
advise
on
measures
to
prevent
and
combat
computer
related
offences,
cybercrimes,
threats
to
national
cyberspace
and
other
cyber
security
related
issues;
(d)
establish
a
program
to
award
grants
to
institutions
of
higher
education
to
establish
Cyber
security
Research
Centers
to
support
the
development
of
new
Cyber
security
defences,
techniques
and
processes
in
the
real-‐world
environment;
and
(e)
promote
Graduate
Traineeships
in
Cyber
security
and
Computer
and
Network
Security
Research
and
Development
(2)
The
Council
shall
have
power
to
regulate
its
proceedings
and
make
standing
orders
with
respect
to
the
holding
of
its
meetings,
notices
to
be
given,
the
keeping
of
minutes
of
its
proceedings
and
such
other
matters
as
Council
may,
from
time
to
time
determine.
(1)
There
is
established
a
Fund,
which
shall
be
known
as
the
National
Cyber
security
Fund
(in
this
Act
referred
to
as
“The
Fund”).
(2)
There
shall
be
paid
and
credited
into
the
Fund
established
under
subsection
(1)
of
this
section
and
domiciled
in
the
Central
Bank
of
Nigeria:
(a)
A
levy
of
0.005
of
all
electronic
transactions
by
the
businesses
specified
in
the
second
schedule
to
this
Act.
(b)
grants-‐in-‐aid
and
assistance
from
donor,
bilateral
and
multilateral
agencies;
(c)
all
other
sums
accruing
to
the
Fund
by
way
of
gifts,
endowments,
bequest
or
other
voluntary
contributions
by
persons
and
organizations:
Provided
that
the
terms
and
conditions
attached
to
such
gifts,
endowments,
bequest
or
contributions
will
not
jeopardize
the
functions
of
the
Agency;
(d)
such
monies
as
may
be
appropriated
for
the
Fund
by
the
National
Assembly;
and
(e)
all
other
monies
or
assets
that
may,
from
time
to
time
accrue
to
the
Fund.
(3)
All
monies
accruing
to
the
Fund
shall
be
exempted
from
income
tax
and
all
contributions
to
the
Fund
shall
be
tax
deductible.
(4)
The
levy
imposed
under
subsection
2(a)
shall
be
remitted
directly
by
the
affected
businesses
or
organizations
into
the
Fund
domiciled
in
the
Central
Bank
within
a
period
of
30
days.
(5)
An
amount
not
exceeding
40
percent
of
the
Fund
may
be
allocated
for
programs
relating
to
countering
violent
extremism.
Establishment
of
National
Cyber
Security
Fund.