Our Functions

Our Functions

The following are the core functions:

  • Collect the tourism levy imposed under section 105 of this Act or any other written law;
  • Establish, equip and control such other tourism and hospitality training institutions as it may be necessary upon approval by the Minister;
  • Formulate sound policies for the regulation and management of the Fund;
  • Solicit for funds and other assistance to promote the object for which the Fund is established;
  • Determine the amounts of money payable for the purposes of the Fund and formulate the conditions for disbursement;
  • Invest any surplus funds not immediately required in securities approved by the Treasury, for the purposes of realizing the objects and purpose for which the Fund is established;
  • Establish a tourism training revolving fund;
  • Keep and maintain audited accounts of the Fund and publish the accounts in the manner approved by the Treasury;
  • Cause to be kept all proper books and records of account of the income, expenditure, assets and liabilities of the Fund;
  • Receive any gifts, donations, grants or endowments made to the Fund, and to make legitimate disbursements; and
  • Perform any other functions that are ancillary to the objects and purpose for which the Fund is established.