The Second National Development Plan (1970–74) under Finance Commissioner Obafemi Awolowo and Federal Commissioner for Economic Development Adebayo Adedeji focused on post-war reconstruction. ₦3 billion programme — funded substantially by the oil-price quadrupling of 1973.
Reconstruction1970· ₦3bn (plan)· Chapter I · Money
Second National Development Plan
Three Rs — reconstruction, rehabilitation, reconciliation. ₦3 billion programme.
Sources
- · Federal Ministry of Economic Development (1970)
What it cost — political & economic reality
The political and economic reality
Nigeria in 1970: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period.
Head of State · Military
Gen. Yakubu Gowon
1966–1975
National reality
Counter-coup of July 1966, Biafran War (1967–70), then the oil-boom expansion. Twelve-state structure (1967) replaced the four regions. Three Rs (Reconciliation, Reconstruction, Rehabilitation) and indigenisation began.
Crises of the period
- Biafran Civil War 1967–70 (1–3 million dead)
- 1973 OPEC oil shock + boom
- FESTAC '77 preparations
GDP (World Bank)
$12.5 bn (1970) → $27.7 bn (1975, oil boom)
Cabinet (selected portfolios)
- Finance (Commissioner)
Chief Obafemi Awolowo (1967–71)
- Education (Commissioner)
A.Y. Eke (c.1967)
Federal Executive Council of commissioners; full roster being compiled.
Source: Federal Military Government records; World Bank WDI
Methodology
Tier 1 · primary
Courts. Gazettes. National archives.
Tier 2 · corroborating
OCCRP. HRW. BudgIT. TheCable.
Redline
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