EMOLE, E.2026-08-312026-08-311962-03-30https://nigeriareposit.nln.gov.ng/handle/20.500.14186/2929This official budget address was presented to the Eastern House of Assembly on March 30, 1962, by the Minister of Finance, the Honorable E. Emole. Titled the "New Frontiers" budget, the address introduces the appropriation bill for the 1962–63 financial year, authorizing £18.3 million for recurrent service and £15.3 million out of the Capital Development Fund. The speech reviews the financial out-turn of the 1961–1962 period—noting a projected surplus of £540,000—and projects total revenue for 1962–1963 at £19.3 million, driven largely by statutory shares of federal revenue and growing petroleum royalties.• Introduction and Appropriation Motion (pp. 1–2) • Review of the 1961–62 Financial Year Out-turn (pp. 2–3) • 1962–63 Revenue Estimates and Federal Allocations (pp. 3–5) • Tax Administration and Smuggling Prevention (pp. 4–6) • Recurrent Expenditure and Ashby Commission Proposals (pp. 6–8) • Capital Expenditure and 1962–68 Development Plan Phasing (pp. 8–10) • Austerity Measures and Financing Strategies (pp. 9–11) • Inflation Control and Conclusion (pp. 12–13)enBook