Section 111 of the Co-operatives Act 2005 stipulates that the objects of the Institute shall be to:

(a) Provide facilities and engage in research and training for the promotion and development of co-operative

entrepreneurship, philosophy, principles and values;

(b) Act as a centre for the consolidation and development of the co-operative movement through education

and training and for the exchange of information in the field of co-operatives; and

(c) Promote and develop capacity building through entrepreneurship and business leadership.

The functions of NICE are as follows:

(i) To organize and conduct co-operative management and information technology courses

(ii) To organize and conduct examinations and award certificates on its own or in collaboration with other recognized

bodies;

(iii) To establish links with foreign training institutes and organizations; and