National Archives / National Archives of Nigeria

Supplement to Official Gazette

PETROLEUM EQUALISATION FUND (MANAGEMENT BOARD, ETC.) DECREE 1975 Decree No.9 [See section 14] THE FEDERAL MILITARY GOVERNMENT hereby decrees as follows: 1. There is hereby established a Fund to be known as the Petroleum Equalisation Fund (in this Decree referred to as "the Fund") into which shall be paid ( a) any net surplus revenue recovered from oil marketing companies pursuant to this Decree ; and (b) such sums as may be provided for that purpose by the Federal Military Government. 2. The Fund shall be utilised for the reimbursement of oil marketing companies for any loss sustained by them …