Section 2: Interpretation.

In this Act, unless the context otherwise requires-
"Board" means the Nigerian Central Marketing Board, constituted under the provisions of the Nigerian Central Marketing Board Act;
"Commodity Board" means any commodity board established by each State of the Federation;
"Company" means the Nigerian Produce Marketing Company Limited, a private company of that name registered or to be registered under the provisions of the Companies and Allied Matters Act;
[Cap. C20.]
"export" with its grammatical variations and cognate expressions, means to take or cause to be taken out of Nigeria;
"local processing" means any process or operation which has the effect of altering the character, nature or composition of any produce subject to a State marketing law from the State in which such produce would customarily be offered for sale or for export;
"Minister" means the Minister charged with responsibility for matters relating to external trade;
"produce" includes produce subject to State marketing law and any produce derived from such produce by local processing;
"produce subject to a State marketing law" means produce of a kind which any State marketing board is by a State marketing law empowered to purchase for export;
"product derived by local processing" means any product derived by local processing of any produce subject to a commodity board for processing in Nigeria;
"purchase" with its grammatical variations and cognate expressions, includes exchange or barter and any agreement or contract to purchase, exchange or barter;
"State marketing law" means any law establishing a commodity board in each State of the Federation.