Abstract
This chapter considers British incursion into what is presently referred to as Nigeria. This chapter shows that the colonial government was mainly motivated by the search for cheap human and material resources necessary for the sustenance of British Empire. The colonial rule in Nigeria altered not only the traditional political institution in the name of civilization but also transformed the entire economy of the country. The present Nigeria economy was affected via expanded commercial institution, promotion of inland trade with the sole objective of enriching existing British commercial interest than to develop Nigeria industry. British colonial economy in Nigeria aimed at achieving three primary goals. The first goal is expansion of Nigeria’s commerce via exporting of raw materials and importation of finished goods. Therefore, building of roads and railways, provision of telegraph and expansion of waterways and ports are to facilitate this first objective. The second goal is closely linked with the first which is to bring the country into a cash economy based on Britain currency (Pounds sterling), while the last is to force Nigerians both directly and indirectly to work for the cash. Finally, this chapter draws useful lessons from the colonial experience and provides useful suggestions for the future growth of the country.
Dr Adewara Sunday Olabisi is a lecturer in the Department of Economics, Faculty of B.S.S; University of Ilorin, Nigeria. He is also an associate researcher in EPRU research unit, School of Economics, University of Cape Town.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
Notes
- 1.
See Ohadike (1987: 149) for more information on this law. For instance, in 1905, about 200 men were forced to work on road construction in Agbor. They were to provide their own food and were compelled to travelled up to about 20 kilometres and worked for 5 days without pay (Goshit).
- 2.
References
Aghahowa, J.O and Ukpebor E.E.M (1999). The British Colonial Economic Policies and Nigeria Underdevelopment, The Nigerian Journal of Politics and Public Policy, Vol 3, N0 1&2, December.
Aghalino, S.O (2000). British Colonial Policies and the Oil Palm Industry in the Niger Delta Region of Nigeria, 1900-1960, African Study Monographs, Vol. 21, No 1, January.
Ahazuem J.O and Falola, T (1987). Production for the Metropolis: Agriculture and Forest Products, in Falola, T (ed.), Britain and Nigeria. Exploitation or Development? London: Zed Books.
Ajayi G (1999).Internal Politics of Decolonization and the Emergence of Neo-Colonialism in Post- Independence Nigeria. In: G Ajayi (Ed.): Critical Perspectives on Nigeria’s Socio-Political Development in the 20th Century. Lagos: Stebak Books, pp.21-28.
Akinjobi I.A and Ososba G.O (1980). Topics on Nigerian Economics and Social History. Ile- Ife: University of Ife Press Ltd.
Akpan, N.E (2003). “Colonial Administration in Nigeria” in Osuntokun, A et al (eds) Issues in Nigeria Government and Politics, Ibadan: Rex Charles Publications.
Ayo, E.J (1988). Development Planning in Nigeria. Ibadan: University Press Plc.
Brown, G (2009). Crisis, Colonial Failure, and Subaltern Suffering, speech to joint session of U.S. Congress, March 4,
Buchanan, K.M. and J.C. Pugh (1955). Land and Peoples in Nigeria. London.
Edwin G. Charle (1967). English colonial policy and the economy of Nigeria. American journal of economics and sociology. Vol 26 no 1 p79-92, 1967
Eicher C, and C. Lieldholms (1970). Growth and Development of the Nigerian Economy. Michigan. Michigan State University.
Ekundare, R.D. (1973). An Economic History of Nigeria. 1860-1960. Methuen and Co., London.
Ezera, K. (1964). Constitutional Development in Nigeria. Cambridge University Press, London.
Falola, T (2007). History of Nigeria 3: Nigeria in the Twentieth Century, Lagos: Longman.
Falola, T and M. Heaton (2008). A History of Nigeria, Cambridge University Press, ISBN 978-0-521-68157-5
Fieldhouse, D.K. (1978). The anatomy of Multinational, 1895-1965. Unilevel Overseas, London.
Forde, D. (1941). The Native Economics of Nigeria. In (M. Perman, ed.) The Economics of a Tropical Dependency. Faber and Feber, London.
Igbafe, P. A (1979). Benin Under British Administration. The Impact of Colonial Rule on an African Kingdom 1897 – 1938. London: Longman.
Helleiner G. K (1981). Peasant Agriculture, Government and Economic Growth in Nigeria. In: Nnoli Okwudiba (Ed.): Path to Nigerian Development. Dakar: Codesria, pp. 76-93.
Ihovbere J. and T. Falola (1987). ‘Introduction: Colonialism and exploitation’ in Falola (eds) Nigeria and Britain: Exploitation or Development?. London Zed Books Ltd.
Inyang E. (1981). Myths and Fallacies in Nigerian Development. In: Nnoli Okwudiba (Ed.): Path to Nigerian Development. Dakar: Codesria, pp. 48-75.
Mapuva, J and Chari, F (2010), Colonialism no longer an excuse for Africa’s Failure, Journal of Sustainable Development in Africa, Vol. 12, No.5.
Njoku O. N (1987). Trading with the Metropolis: An Unequal Exchange: In: T Falola (Ed.): Britain and Nigeria. Exploitation or development? London: Zed Books, pp. 137-138.
Onimode, B. (1981). Imperialism and Nigerian Development. In: Nnoli Okwudiba (Ed.): Path to Nigerian Development. Dakar: Codesria, pp. 80-81.
Onimode, B. (1983). Imperialism and Underdevelopment in Nigeria Lagos: Macmillan.
Olarewaju, S.A. (1996). The infrastructure of Exploitation: Transport, Monetary Changes, Banking, etc. in Falola, T. (ed) Britain an Nigeria: Exploitation or Development. London: Zed Books Ltd.
Olukoju, A. (1995). Anatomy of Business-Government Relations: Fiscal Policy And Mercantile Pressure Group Activity In Nig. 1916-33. African Studies Review; April 1995, Vol. 38 Issue 1
Rodney, W. (2005). How Europe Underdeveloped Africa, Abuja: Panaf Publishing Inc.
Shokpeka, S. A and Nwaokocha, O. A (2009). British Colonial Economic Policy in Nigeria, the Example of Benin Province 1914 – 1954”, Journal of Human Ecology, Vol.28, No. 1: 56-66.
Tamuno T.N (1980). British Colonial Administration in Nigeria in the Twentieth Century in Ikime Obaro (ed.) Groundwork of Nigerian History, Ibadan: Heinemann.
Todaro, M.P (1979). Economics for Developing World, London: Longman.
Usoro E.J (1997). Colonial Economic Development Planning in Nigeria, 1919-1939: An Appraisal, The Nigerian Journal of Economic and Social Studies, Vol.19. No 1, March.
Usoro E. J (1977). Colonial Economic Development Planning in Nigeria, 1919-1939: An Appraisal. Nigerian Journal of Economic and Social Studies, 19: 121-136.
Usoro, E. J (1974). The Nigerian Oil Palm Industry. Ibadan: University Press.
Yunusa, K.S (2009). The Political Economy of Nigeria and the Continuing Agenda of Recolonizaton: A Challenge for Critical Knowledge Production”, The Journal of Pan African Studies, Vol.3, No.3 September
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Adewara, S.O. (2021). Nigerian Economy During Colonial Era: An Overview. In: Ajayi, R., Fashagba, J.Y. (eds) Nigerian Politics. Advances in African Economic, Social and Political Development. Springer, Cham. https://doi.org/10.1007/978-3-030-50509-7_12
Download citation
DOI: https://doi.org/10.1007/978-3-030-50509-7_12
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-50508-0
Online ISBN: 978-3-030-50509-7
eBook Packages: Political Science and International StudiesPolitical Science and International Studies (R0)