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Published online by Cambridge University Press: 11 November 2008
Nigeria's Third National Development Plan is based on the proposition that judicious use of current oil revenues to build social and economic infrastructures, and to radically transform the nature of economic activity, represents the quickest and most effective means of development.1 Top priority is to be given during the period 1975 to 1980 to manufacturing in the belief that an industrial base is the firmest foundation for self-sustained growth.
page 687 note 1 Central Planning Office, Federation of Nigeria, Third National Development Plan, 1975–1980 (Lagos, 1975), pp. 30–1.Google Scholar
page 687 note 2 Ibid. pp. 148–9.
page 687 note 3 Ibid. p. 29.
page 687 note 4 While there is much controversy on this point, cf. Irma Adelman and Cynthia Taft Morris, ‘An Anatomy of Income Distribution and Patterns in Developing Nations: a summary of findings’, I.B.R.D. Staff Working Paper, No. 116, Washington, D.C.
page 687 note 5 Sen, A. K., ‘Some Notes on the Choice of Capital Intensity in Development Planning’, in Quarterly Journal of Economics (Cambridge, Mass.), LXXIX, 11 1965, pp. 561–84.Google Scholar
page 687 note 6 McKinnon, R., ‘Foreign Exchange Constraints’, in Economic Journal (Cambridge), 06 1964, pp. 388–409.Google Scholar
page 687 note 7 Hirschman, A. O., The Strategy of Economic Development (New Haven, 1954).Google Scholar
page 687 note 8 Lal, D., ‘On Estimating Income Distribution Weights for Project Analysis’, I.B.R.D. Staff Working Paper, 1972.Google Scholar
page 688 note 1 Marglin, S., ‘The Social Rate of Discount and the Optimal Rate of Investment’, in Quarterly Journal of Economics, LXXVII, 02 1963, pp. 95–111.CrossRefGoogle Scholar
page 691 note 1 Source: Third National Development Plan, pp. 148–9.
page 692 note 1 Third National Development Plan, pp. 151–2.
page 692 note 2 Ibid. pp. 373–5.
page 692 note 3 I am indebted to my colleague, Peter Henning, for pointing this out to me.
page 693 note 1 Felix, David, ‘Technological Dualism in Late Industrializers: on theory, history, and policy’, in Journal of Economic History (New York), 03 1974, pp. 194–238.Google Scholar
page 693 note 2 Namely: Industrial Development Centres, $52·8 million; National Extension Training Institute, $4 million; Small-Scale Industries Credit, $32 million; Industrial Areas and Estates, $96 million; Research and Promotion, $3·2 million. Third National Development Plan, p. 164.
