PETROLEUM EQUALISATION FUND (MANAGEMENT BOARD, ETC.) ACT

Section 1: Establishment of the Fund.

1973Section 1 of 14Federal Republic of Nigeria

There is hereby established a Fund to be known as the Petroleum Equalisation Fund (hereafter in this Act referred to as "the Fund") into which shall be paid-
(a) any net surplus revenue recovered from oil marketing companies pursuant to this Act; and
(b) such sums as may be provided for that purpose by the Federal Government.

Cite this section

Section 1, PETROLEUM EQUALISATION FUND (MANAGEMENT BOARD, ETC.) ACT (1973).

https://repo.podus.ai/laws/petroleum-equalisation-fund-management-board-etc-act/section/1/