A7 Supplement to Official Gazette Extraordinary No. 17, Vol. 69, 2ith April ECONOMICSTABILISATION (TEMPORARY PROVISIONS) _ ACT1982 7 1982 No. 2 -An Act To EMPOWER THE PRESIDENT TO ISSUE PROVISIONAL ORDERS IN Respect or CusToMs AND Excise DoutiEs, Import AND Export Prour- BITION AND FOR OTHER PURPOSES CONNECTED THEREWITH. ° | [20:h April 1982] Commence- . se ~ ment. BE IT ENACTEDby the National Assembly of the Federal Republic of Nigeria and by authority of sameas follows :— 1,—(1) For the purposes of economic developmentorstabilisation Power of or for the correction of distortions in the economy of Nigeria, the — President to President may issue such Orders as he may deem appropriate in the sionalOrders circumstances in respectof the following matters, that is to say— to regulate : 2: . . a duties, ete. (a) for the imposition of or increase in any customs or excise duty or ~ any reduction, withdrawal or cancellation thereof ; or (5) for the prohibition of importation or exportation of any goods, whether absolutely or subject to such exceptions, or general or special permission in writing of such specified authority or authorities, as may . be provided in the Order concerned. (2) -Without prejudice to section 12 (1) (a) of the Interpretation Act 1964 No.1. 1964 (which allows different provision to be made for different circum- stances), an Order made under this section may differentiate between - the goods of different countries for the purpose of implementing the provisions of any agreement between the Governmentof the Federation and any other Governmentor any international organisation or authority. (3) An Ordermade underthis section shall have effect from the date of its publication in the Gazette or such latter date as may be specified therein. 2.—(1) Every Order made undersection 1 of this Act shall, without Orders prejudice to the validity of anything lawfully done thereunder, cease to subjectto ; have effect at the expiration of a period of twelve months from the date oPNotional upon which it came into operation unless, before the expiration of that Assembly. period, it has been approved bya resolution passed by both Houses ofthe National Assembly.