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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 | Book details

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APPENDIX D CAPITAL FORMATION DATA

TABLE 1 Gross Capital Expenditures on Fixed Assets, 1950-1952

(Thousand £)

Sector and Industry 1950 1951 1952
Government
Agriculture, Forestry and Fishing 450 531 492
Mining 3 1 1
Railway 1,891 1,537 1,391
Other transportation and communications 2,459 2,860 4,330
Building and Construction 5,221 207 289
Administration and Services, n.e.s 5,792 7,102
Total 10,024 10,928 13,605
Government Corporations
Agriculture, Forestry and Fishing 977 1,063 1,704
Mining 68 47 95
Manufacturing and Processing1 664 1,536 3,579
Transport and Communications 91 197 1,230
Trading and Business Services 48 18 286
Building and Construction 44 117 207
Administration and Services, n.e.s 224 1,266 1,667
Total 2,116 4,244 8,768
Major Companies
Agriculture, Forestry and Fishing 527 493 864
Mining 808 2,035 2,405
Manufacturing and Processing1 271 573 947
Transport and Communications 813 1,274 704
Trading and Business Services 1,688 1,893 2,068
Building and Construction 276 348 577
Total 4,383 6,616 7,565
Total, Main Sectors 16,523 21,788 29,938
Other Enterprises and Personal Investment 20,0772 20,2123 25,800
Total, All Sectors 36,6002 42,000 55,738
1Including electric power.
2Prest and Stewart estimates for 1950-51.
3Notional estimate of mission.
SOURCE: Department of Statistics, Lagos.

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