Economic History of Nigeria: Pre-Colonial to Independence

Colonial Rule and Independence

• Nigeria was colonized during the period of 1914-1960.
• The main intention of colonialism was to exploit the resources and labor of the colonized country for the benefit of the colonizer.

Independence and Population

• Nigeria gained independence on October 1, 1960.
• After independence, Nigeria had about 15% of Africa's population.

Economic Role and Geography

• Nigeria currently plays a significant economic role in the world as a major oil producer.
• The total area of Nigeria is approximately 923,768 square kilometers.

Borders and Capital

• Nigeria does not share a border with Chad.
• The capital of Nigeria is Abuja.

Unification and Federation

• Nigeria became a formally independent federation in 1963.
• The first internal unification in Nigeria was marked by the formation of the Kanem-Bornu Empire in the 13th century.

Explore the economic history of Nigeria through its pre-colonial, colonial, and post-colonial or independence periods. Learn about the impact of colonialism and the economic changes during each period.