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Price Control Act 🇳🇬

Coat of Arms

Price Control Act

  • Published in Official Gazette supplement no. 2 on 13 January 1977
  • Commenced on 1 January 1977
  • [Up to date as at 31 December 2002]
An Act to re-enact the Price Control Act, prescribe stiffer penalties and to make better provisions for the implementation of the scheme.

Constitution, etc., of Price Control Board and Committees

1. Price Control Board

(1)There shall continue to be a Price Control Board, which shall consist of-(a)the Permanent Secretary, Federal Ministry of Commerce who shall be chairman and Chief Price Controller;(b)a representative of the Federal Ministry of Industry;(c)the chairman or a representative of the National Salaries, Income, Wages Commission;(d)the Chief Statistician of the Federation;(e)six representatives of the States as nominated by the Governor of the State concerned and appointed by the Minister for two years, so however that each State is sometime represented on the Board and that no two of them shall come from the same State;(f)one representa…

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