Section 2: Establishment of Governing Board of the Agency

(1) There is established for Agency a Governing Board which shall be responsible for the running of the Affairs of the Agency.
(2) The Agency shall consist of-
(a) chairman;
(b) one representative each of the following--
(i) the Nigerian Chamber of Commerce, Industry, Mining and Agriculture;
(ii) the Manufacturers Association, of Nigeria ;
(iii) the Nigeria Labour Congress ;
(iv) the Major Oil Marketers;
(v) the Independent Oil Marketers ;
(vi) the Petroleum and Natural Gas Senior Staff Association;
(vii) the Transport Owners; ,
(viii) the Nigerian Employers Consultative Association;
(ix) the Nigerian Media (on rotation in every year between the Guild of Editors,
the Nigeria Union of Journalists and the Newspapers Proprietors Association of
Nigeria;
(x) the Federal Office of Statistics ;
(xi) the National Union of Road Transport Workers;
(xii) the Ministry of Petroleum Resources;
(xiii) the Federal Ministry of Employment, Labour and productivity ;
(xiv) the Federal Ministry of Transport ;
(xv) the Federal Ministry of Finance ;
(xvi) the Central Bank of Nigeria ;
(xvii) the Presidency;
(xviii) the National Manpower Board;
(xix) the Nigerian National Petroleum Corporation;
(xx) the Nigerian Institute of Management ;
(xxi) the National Union of Petroleum and Natural Gas Workers (NUPENG);
(xxii) the Trade Union Congress (T.U.C.) ;
(xxiii) the Depot and Petroleum Products Marketers Association of Nigeria
(DAPMAN);
(xxiv) Petroleum Equalization Fund (PEF) ; and
(xxv) the Executive Secretary.
(3) The Chairman and other members of the Board shall-
(a) shall hold office on such terms and conditions as may be specified in their letters of appointment; and
(b) may be re-appointed for one further term and no more.