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.