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Nigeria - Economic growth : problems and prospects (Vol. 10) : Education (English)

Nigeria is now at the mid-point of carrying out its Development Plan 1962-1968. The original public development expenditure estimate of L660 million has not been officially revised but de facto changes have raised the total to L833 million. Development plan expenditure during the first three years have amounted to L235 million. Many very good projects have been undertaken, particularly in infrastructure, and tile work on them is progressing well. At the same time, a shift in sectoral priorities has occurred: investments in administrative and social sectors were not restrainedas originally envisaged while expenditures in the economic sector, particularly in the commodity-producing fields, have lagged behind. The long-run growth prospects of the Nigerian economy are very favorable. Its relatively large internal market provides a basis for continuing industrial growth: in the recent past, industrial production, mainly import substitution, has been increasing at more than 20 a year. Nigeria has a wide range of natural resources: this insures that the export structure is well diversified and thus somewhat less subject to fluctuations, and it also enables industrialization to proceed with a relatively low dependence on imported inputs. Nigeria is an attractive field for foreign private investment, which has been increasing recently and, barring changes in policy which are not expected, should continue to increase. Finally, there is oil: last year's exports amounted to $84 million, this year they may double. While oil by itself will not lead to economic miracles, as examples of other producing countries show, it does provide a possibility that over the long run foreign exchange may not present a critical constraint to growth. The primary bottlenecks are likely to be the availability of domestic savings and of skills rather than an insufficient capacity to import.

Details

  • Document Date

    1965/11/29

  • Document Type

    Pre-2003 Economic or Sector Report

  • Report Number

    AF34

  • Volume No

    10

  • Total Volume(s)

    10 (See all volumes)

  • Country

    Nigeria,

  • Region

    Africa,

  • Disclosure Date

    2010/06/12

  • Disclosure Status

    Disclosed

  • Doc Name

    Education

  • Keywords

    Vocational and Technical Education;Federal Ministry of Education;Primary and Secondary Education;teacher supply and demand;Technical and Vocational Education;Vocational and Technical Training;educational system;compound rates of growth;primary school leaver;free primary education;technical training institution;cost of education;rate of growth;expenditure education;teacher training college;general secondary education;general secondary school;types of school;ordinary secondary school;total education budget;shortage of funds;junior secondary school;Financing of Education;expenditures on education;public fund;Teachers;regional investment program;junior vocational school;traditional secondary school;primary school system;basis of information;budget for education;planning of education;demand for engineer;planning education;regular secondary school;school entering age;teacher training institution;department of agriculture;agricultural training institution;federal current expenditure;Science and Technology;primary school child;agriculture and industry;secondary school principal;primary enrolment rate;size and structure;estimate of expenditure;types of education;income and expenditure;vocational teacher training;total public expenditure;universal primary education;costs of programs;amount of investment;availability of finance;education beyond primary;years of schooling;mood of confidence;primary school curriculum;rate of investment;system education;local education authority;private sector representative;expansion of enrollment;private vocational school;art and science;number of jobs;nurses and midwives;local labor market;regional technical college;secondary level;educational planning;boarding cost;boarding school;capital expenditure;school fee;educational cost;running cost;primary student;student fee;federal level;staff housing;high school;educational expenditure;university education;secondary curriculum;university level;federal spending;technical school;recurrent budgets;capital spending;boarding facility;grammar school;educational development;construction capacity;Higher Education;capital allocation;financial cost;university graduate;educational activities;public budget;political pressure;educational program;Vocational Training;occupational group;private training;financial difficulties;agricultural subject;government service;teaching personnel;school cost;short period;regional budget;advance account;primary enrollment;government budget;construction cost;day student;federal budget;international agency;local taxation;primary grade;salary levels;long-term growth;university degree;university facilities;research institution;research institutions;average cost;private fund;private employer;vocational stream;future need;local taxes;university student;private finance;statistical appendix;financial problem;university system;primary level;agricultural skill;external examination;technical expert;secondary graduate;financial responsibility;traditional curriculum;educational structure;financial projection;Basic Education;public use;agricultural education;experimental farm;Fixed Assets;residential school;public control;external assistance;professional engineer;statistical information;alternative program;qualitative aspect;fiscal reason;trained manpower;colonial rule;comparative education;private foundations;administrative resource;foreign education;grant system;aid agency;university development;educational history;manual operation;staff support;educational objective;important change;vocational institution;educational goal;agricultural work;educational investment;finance system;farm training;manpower need;tropical area;educational arrangement;democratic state;church group;traditional form;government institution;agricultural school;Private School;educated youth;administrative structure;agricultural problem;colonial period;educational thought;credit agreement;staff recruitment;unemployed youth;educational finance;medical technician

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Citation

Nigeria - Economic growth : problems and prospects (Vol. 10) : Education (English). Africa series,no. AF 34 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/662611468099260956/Education