The First National Development Plan (1962–68) was prepared under Finance Minister Festus Okotie-Eboh and the National Economic Council. Total programme outlay was ₦2.2 billion (then ~£1.1bn). Federal share: 50%; regional shares: Western 16%, Northern 19%, Eastern 15%. Civil war derailed implementation in 1967.
1st Republic1962· ₦2.2bn (plan)· Chapter I · Money
First National Development Plan
Six-year plan, ₦2.2 billion. Federal capital expenditure for the first time consolidated across the regions.
Sources
- · Federal Ministry of Economic Development (1962)
What it cost — political & economic reality
The political and economic reality
Nigeria in 1962: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period.
Prime Minister · First Republic
Sir Abubakar Tafawa Balewa
1960–1966· NPC
National reality
Independence on 1 October 1960. Regional rivalries (NPC, NCNC, AG) dominated politics. Awolowo treason trial (1962–63). Western Region crisis (1962–65) and the disputed 1964 federal election destabilised the Republic.
Crises of the period
- Action Group crisis (1962)
- Western Region election violence (1965)
- January 15, 1966 coup — Balewa, Ahmadu Bello and Akintola killed
GDP (World Bank)
≈ $4.2 bn (1960, World Bank)
Cabinet (selected portfolios)
- Finance
Festus Okotie-Eboh
- Justice (AGF)
Dr. Taslim Olawale Elias
- Defence
Sir Muhammadu Ribadu
- Foreign Affairs
Jaja Wachuku
- Education
Aja Nwachukwu
Source: Federal Gazette 1960–66; Falola & Heaton (2008)
Methodology
Tier 1 · primary
Courts. Gazettes. National archives.
Tier 2 · corroborating
OCCRP. HRW. BudgIT. TheCable.
Redline
Wikipedia is never a source.