The Responsibility Budget: a reprint of the budget speech of the Federal Minister of Finance, the Hon. Chief Festus S. Okotie Eboh, M.H.R., to the Federal House of Representatives, Lagos, on Tuesday, February 9, 1959.

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The Responsibility Budget: A reprint of the Budget Speech of the Federal Minister of Finance, the Hon. Chief Festus S. Okotie Eboh, M.H.R., to the Federal House of Representatives, Lagos, on Tuesday, February 9, 1959.pdf (17.9 MB)
Date
1959
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Publisher
Lagos State: Federal Ministry of Finance.
Abstract

• The Responsibility Budget 1959 • Economic Freedom • Nigeria's Credit-Worthiness • Short-Term Fluctuations • Timely Lead by United Kingdom • Direct Loans for Corporations • Dangers of Common Market • Ending Trade Discrimination • Balance of Payments • Investment of Overseas Capital • High Imports of Textiles • Accepting Our Responsibilities • Currency Conversion • Old and New Together • Banker to the Government • National Economic Council • Statistical Information Required • Board of Customs and Excise • Revenue Allocation • 43 Per Cent to Regions • Recurrent Expenditure Increase • Expansion of Capital Assets • The Economic Programme • Closing the Gap • Investments Will Be Safe • Sound Economic Policies • Bridging the Niger • Accepting the Burden • Fit and Worthy • Messages of Congratulation

Description
The Responsibility Budget presents the official 1959 budget speech delivered by Chief Festus Sam Okotie-Eboh, the Federal Minister of Finance, to the Nigerian Federal House of Representatives in Lagos. Positioned as a landmark financial blueprint during the crucial transition year preceding Nigeria’s national independence on October 1, 1960, the speech articulates the nation's readiness to assume complete economic sovereignty and international fiscal responsibilities. Key structural initiatives featured include the establishment and operationalization of the Central Bank of Nigeria, the launch of an independent national currency conversion in July 1959, and comprehensive reforms to revenue allocation and tax collection systems across the regions.
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URI
https://nigeriareposit.nln.gov.ng/handle/20.500.14186/2965
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Addresses and Speeches