Section 1: Price Control Board.

(1) There shall continue to be a Price Control Board, which shall consist of-
(a) the Permanent Secretary, Federal Ministry of Commerce who shall be chairman and Chief Price Controller;;
(b) a representative of the Federal Ministry of Industry;
(c) the chairman or a representative of the National Salaries, Income, Wages Commission;
(d) the Chief Statistician of the Federation;
(e) six representatives of the States as nominated by the Governor of the State concerned and appointed by the Minister for two years, so however that each State is sometime represented on the Board and that no two of them shall come from the same State.
(f) one representative of consumers' associations in Nigeria; and
(g) two representatives from outside the civil services of the Federation or of the States.
(2) The members of the Board under paragraphs (f) and (g) of subsection (I) of this section shall be appointed by the Minister with the approval of the President and shall hold office on such terms and on such conditions as the Minister may with the like approval determine.
(3) There shall be an Executive Secretary to the Board who shall be a public officer in the Federal Ministry of Trade and Tourism.