An Appraisal of the Performance of the Nigeria's National Rolling Plans in the 90's

Abstract

The performance of the rolling plan since its inception has been one of mixed grill. Despite the instability of the oil revenue on which most of the plan relied on, the rolling plan could be said to have made some impact in Nigeria's economic scene. The paper examines the performance of the financial sector and real sector in line with the national rolling plans vis-à-vis the yearly budget targets of the nation. It was noted that over the years, the remarkable progress made in the 1970s has been reversed sharply with rising incidence of poverty and malnutrition, alarming decline in educational standards and income distribution. The paper concludes that, in Nigeria, planning has not been the problem but that of translating plans in to realities. It gives possible policy options to match plan targets within the limits of the available resources.

African Research Review Vol. 1 (1) 2007: pp. 13-24