PRODUCTIVITY, PRICES AND INCOMES BOARD ACT

Section 4: Guidelines and enforcement thereof.

1977Section 4 of 11Federal Republic of Nigeria

(1) The Board may from time to time, and shall when so directed by the National Council of Ministers, prepare guidelines on any question relating to wages or other forms of income or to prices, charges or other sums payable under transactions of any description relating to any form of property or fights or to services of any description or to returns on capital invested in any form of property, including dividends or in relation to any of its functions under or pursuant to this Act.
(2) Guidelines prepared pursuant to this section shall be submitted to the National Council of Ministers which may direct such action thereon as it may consider fit in the circumstances.
(3) The National Council of Ministers may at any time by a further direction vary or withdraw any direction previously given.
(4) Where the National Council of Ministers directs the enforcement of any restraint or any other matter, then it shall be the duty of the Board to implement any such direction and, if it thinks fit, through any of its operational arms.
(5) It shall be the duty of the Board to give public notice, in any manner as it may determine, of any restraint or any other matter requiring to be enforced pursuant to this section.
(6) For the avoidance of doubt, subsection (4) of this section shall not apply with respect to the pricing of any commodity in so far as such pricing is or could be regulated under or pursuant to the Price Control Act.

Cite this section

Section 4, PRODUCTIVITY, PRICES AND INCOMES BOARD ACT (1977).

https://repo.podus.ai/laws/productivity-prices-and-incomes-board-act/section/4/