COMMODITY BOARDS ACT

Section 8: Expenditure.

1977Section 8 of 27Federal Republic of Nigeria

Each Commodity Board may, from time to time, apply the funds at its disposal-(a) to or in connection with the purchase of the relevant commodity;
(b) to the stabilisation of prices to the producers in accordance with the provisions of this Act;
(c) to the cost of administration of the Board, including payments to members thereof or of any committee of the Board and all salaries, allowances, gratuities or pensions and loans to the staff of the Board;
(d) to the development and rehabilitation of the producing areas and supply of in-puts to producers;
(e) to the control of pests and diseases affecting the relevant commodity; and
(f) for and in connection with all or any of the functions of the Board under this Act or any other enactment.

Cite this section

Section 8, COMMODITY BOARDS ACT (1977).

https://repo.podus.ai/laws/commodity-boards-act/section/8/