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About: Eastern Nigeria Marketing Board     Goto   Sponge   NotDistinct   Permalink

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The Eastern Nigerian Marketing Board was a statutory monopoly responsible for the purchase and carriage to port of export commodities produced in the Eastern Region of Nigeria. In addition, to protect the producers and the industry from violent price fluctuations, the board made arrangements for producers to be paid a guaranteed price every season . A major aim of the board was to earn surplus reserves in order to fund government institutions in the region. As a result, it extended grants to the Eastern Nigeria Finance Corporation and provided the takeoff grant of University of Nigeria.