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Public Enterprises Regulatory Commission Act.

Country/Territory
Nigeria
Document type
Legislation
Date
1996
Source
FAO, FAOLEX
Long title
An Act to establish the Public Enterprises Regulatory Commission to regulate the activities of public enterprises and for matters connected therewith.
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Agricultural extension
Geographical area
Africa, North Atlantic, Western Africa
Abstract

This Act establishes the Public Enterprises Regulatory Commission. The Commission shall The Commission shall, among other things: (a) analyse the approved annual budget of a public enterprise and advise the appropriate authority as to its adequacy or suitability in the light of the objects and functions of the public enterprise; (b) monitor the implementation of all the measures enumerated in approved annual budgets of public enterprises; (c) monitor and identify factors inhibiting the realisation of set revenue targets of any public enterprise; (d) promote efficiency, monetary stability and a sound financial system in the management of public enterprises; (e) assist appropriate authorities in the formulation and implementation of policy so as to ensure sound and efficient management of public enterprises; (f) arrange and conduct investigation or inspection into the affairs of a public enterprise where the interest of the public so demand; (g) assess the report on any project being carried out by a public enterprise and confirm that funds released for such projects are judiciously utilised.

Full text
English
Website
www.placng.org