The Economic Development of Nigeria: Report of a Mission Organized by the International Bank for Reconstruction and Development at the Request of the Governments of Nigeria and the United Kingdom

By World Bank | Go to book overview

APPENDIX B NATIONAL INCOME DATA

TABLE 1 Gross Domestic Product of Nigeria
1950-51
at Market
Prices
(Million £)
Price
Change
(%)
1950-51
at 1952-53
Prices
(Million £)
Volume
Change
(%)
1952-53
at Market
Prices
(Million £)
Field Crops 282.8 -- 283.5 8 305.0
Tree Crops 62.3 16 72.3 7 77.2
Forest Products 25.7 5 27.0 1 27.3
Livestock Products 30.5 22 37.1 7 34.4
Fishing 6.3 -- 6.3 -- 6.3
Transport and Distribution 88.0 --3 85.6 22 104.5
Minerals 7.8 1 7.9 20 9.5
Manufacture and Public
Utilities 2.4 12.5 2.7 45 3.9
Craft Industries 8.6 5 9.0 5 9.5
Building and Civil
Engineering 41.6 5 43.5 11 48.3
Banks, Insurance and
Other Professions 0.9 10 1.0 10 1.1
Missions 2.2 15 2.6 15 3.0
Domestic Service 2.9 10 3.2 10 3.5
Miscellaneous Services 6.4 -- 6.4 -- 6.4
Government:
(a) Export Duties 5.7 146 14.0 -- 14.0
(b) Other 13.5 12.5 15.2 8 16.4
Ownership of Buildings 5.1 8 5.5 9 6.0
Intrahousehold Services 4.0 -- 4.0 -- 4.0
Total 596.7 5.0 626.5 8.6 680.3
SOURCES: For 1950-51 estimates: A. P. Prest and I. G. Stewart: The National Income
of Nigeria, 1950-51
( London: H. M. Stationery Office, 1953). The 1952-53 esti-
mates were prepared at the request of the mission by the Department of Statis-
tics of the Nigerian Government on the basis of information of price and quantity
changes of goods and services produced in Nigeria. They therefore do not rep-
resent new estimates but merely an attempt to bring the earlier estimates up to
date. The valuable assistance of Miss J. Tyrrell is gratefully acknowledged. For
information on the computation of the 1950-51 data and the reliability of the
estimates, see Prest and Stewart, op. cit.

-612-

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