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

TECHNICAL REPORT 4
THE PRODUCE MARKETING BOARDS

The functions of the four Marketing Boards have been described in Chapter 4, where we have also referred to their impending reorganization on a regional basis. Supplementary information as to the boards' organization and activities is contained in this report. It also explains the basis of our recommendations for a price and reserve policy, presented in Chapter 4.


A ORGANIZATION AND ACTIVITIES

The Marketing Boards are relatively new institutions. The Cocoa Marketing Board was established in 1947; the Oil Palm Produce Marketing Board, the Groundnut Marketing Board and the Cotton Marketing Board in 1949. All exports of cocoa are controlled by the Cocoa Board; exports of groundnuts, benniseed, sunflower seed, groundnut oil, groundnut cake, groundnut meal and soya beans by the Groundnut Board; exports of palm oil, palm-kernel oil, meal and cake by the Oil Palm Produce Board; and exports of cotton and cottonseed by the Cotton Board. The establishment of the boards grew out of the systems of controls introduced at the outbreak of World War II. Under these systems, purchase prices were fixed by government decree but the trading firms continued the physical handling of the export business. In 1942 the West African Produce Control Board was set up. It continued to function until the Marketing Boards were established.

All board members (including the chairmen) are appointed by the Governor. The boards have at present a common official membership in the chairman (there is the same chairman for all boards),

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