Section 15: Contingencies Fund

(1) There shall be provided out of the Consolidated Revenue Fund upon the coming into operation of this Act the sum of one hundred million naira or such other sums as may be approved by the National Assembly for the establishment of a fund to be known as the Contingencies Fund.
(2) The Contingencies Fund may be utilised for making moneys available to meet expenditure (other than statutory expenditure as aforesaid) which is not provided for in the Appropriation Act for the current year, and which although otherwise falling to be met out of the Consolidated Revenue Fund cannot be postponed, or cannot without serious injury to the public interest be postponed, until a supplementary Appropriation Act providing for it can be passed into law.