Northern Nigeria Marketing Board
The Northern Nigeria Marketing Board was a statutory commodity board authorized to fix producer prices of export commodities within the Northern region of Nigeria. It was also responsible for licensing buying agents and the purchasing export commodities in the region.
The board was previously named the Northern Region Marketing Board, a regional board that had earlier superseded the national and commodity specific Nigerian Groundnut Marketing Board after constitutional restructuring in 1954.
The major revenue earner for the board was groundnut and the Northern region was one of the world's major exporter of the produce post-World War II and up to the early 1970s. Purchases by the board increased from 178,000 tonnes in the 1949/1950 buying season to 787,000 tonnes in the 1963/1964 season. In the 1960s, excess funds of the board was contributed funds to the development of Ahmadu Bello University, Hamdala Hotel, Kaduna, Kaduna Textiles, and Bank of the North.
The board is now defunct.
History
The board's history dates back to 1949 when the colonial government initiated a statutory monopoly institution for groundnut marketing. In 1954, self government became established within the regions and the groundnut board became the foundation for the Northern Region Marketing Board. About 32 million pounds from the groundnut board was transferred to the new regional organization.In 1962, the organization began drawing funds through the means of a commercial bill issued drawn on the national produce and marketing company, exporters of the produce to Europe.