THE CONSTRUCTION OF A SOCIAL ACCOUNTING MATRIX (SAM) FOR THE DEVELOPMENT PLANNING OF NIGERIA ECONOMY.

Abstract:

The study examines the construction of a social accounting matrix (SAM) for the development planning of Nigeria economy. It develops the social accounting matrix (SAM) from the I-O table. The data used for this study is sourced from the National Bureau of Statistics (NBS) and the CBN Statistical Bulletin for the year 2010. The SAM which is the extended input-output table includes the institutional accounts – income and expenditure of households and other socio-economic groups. For the accounting framework, it involves the mapping of factorial incomes into incomes of various institutions. The total activity sector in the economy are 46 for 2010 which is now broken down into 3: Agriculture, Industry, and Services. A total of 26 sectors was examined, which is as follows; Accommodation, Construction, Education, Manufacturing (with 13 sub sectors), Mining and Quarrying (having 3 sub sectors), Real Estate, Information And Communication (with 4 sub sectors), Trade And Other sectors.  It is shown from the study that all sectors plays important role in the backward and forward linkage and none is less important i.e. no low forward or low backward total linkages. The result of the study indicates that only education sector has a negative linkage on the accommodation sector. Education, real estate and trade has a negative linkage on the construction sector. In the education sector there’s no negative linkage. Education and trade has a negative linkage on manufacturing sector. Education real estate and information and communication has a negative linkage of the mining and quarrying sector. From the real estate sector, education, ICT, and trade has a negative linkage. Education and trade has a negative linkage on information communication.