Development planning is about coming up with properly-researched and well-reasoned plans that prioritize and synchronize sports, given the scarce assets at disposal. The intention of any countrywide development plan ought to therefore be to utilize the available resources more correctly to attain properly-described goals” (Alweendo, 2017). The authorities plays a key position in accomplishing financial boom and improvement, and it’s predicted for country wide governments to provide a meaningful periodic plan thru which the overall welfare of society can enhance economically, socially, politically, among others. Nigeria like many different countries has produced different heads of state, who came up with multifarious country wide development plans within the look for economic increase and improvement.
The First National Development Plan (1962-1968) was profounded and followed after the attainment of Independence in 1960, the country wide government of Sir Abubakar Tafawa Balewa determined to retain with the tradition of getting a development plan after the colonial technology. The plan turned into inaugurated with the purpose of buttressing economic growth, and truncate the dependence on external ascendancy for the development of the kingdom. The objectives of the plan are to increase the country’s increase domestic product, to reap sustainable improvement and employment, to carry the equitable distribution of profits, to improve the same old of living, and preserve economic balance. While the cornerstone of the plan targeted on human resources, enterprise, infrastructure, herbal resources, stability of price, agriculture, transportation, electric electricity, health, and training. The plan quantitative goals are the growth charge, non-public intake, government consumption, public region funding, personal investment, savings, and import surplus. The nature of the first plan turned into brilliant and compendious, but the political cataclysm in the country which led to a civil warfare made the plan to end up almost redundant.
The Second National Development Plan (1970-1974) turned into released in the course of the General Yakubu Gowon administration immediately after the end of the civil battle. The plan focused on the rudimentary nature and standards of social justice, fairness, and non violent coexistence, in anticipation to have a unified Nigeria with a feel of self-reliance and robust mutual appreciate. The targets of the plan are to reconstruct centers damaged because of the civil conflict, rejuvenate and resettlement of individuals displaced via the struggle, established order of efficient monetary infrastructure, advent effective management services specifically in the new states, Job creation, improvement in rural and concrete areas, and increase in gross domestic product. Despite some improvement in transportation, fitness, conversation, and schooling. The main hitches of the second one development plan are lack of will to perform the project, corruption, lack of financial management, and dependency on a mono-cultural oil economic system, etc.