The mandate of the Board is to give Education Assistance in Cash or Kind to FCT indigenes and indigent pupils/students in Public Basic and Post-Basic Educational Institutions and FCT indigenes in Tertiary Institutions within and outside Nigeria.
Formulating, reviewing, and initiating policies and programmes on the award of scholarship.
Lay down terms and conditions for the grant of scholarship and on conduct of the beneficiary.
Receive all grants, donations, subsidies, charges, fees, subscriptions, interest, royalties and other monies for the Board from Government organizations, Agencies and philanthropists.
To seek collaboration and partnership with other Agencies within and outside Nigeria in the area of International Development Partners (IDPs) for scholarship and Education Assistance.
To decide annually the percentage distribution to be allotted to every level of studies based on needs and priority.