What are the colonial economic policies in Nigeria?

The British colonial industrial policy in Nigeria was largely that of production and exportation of mineral product such as tin, columbite, gold, e.t.c to the British and Europeans factories; and the importation of manufactured goods (Nnoli, 1981:98).

What is the colonial economic policy?

Through a deliberate policy of discouraging food crop cultivation, most clans and communities were gradually rid of food supplies and thus introduced into acute hunger in favour of the cultivation of cash crops needed by British industries.

What were the features of the colonial economy?

Features of colonial economy Colonial economy was export oriented (e.g. production of cash crops, mineral. It was exploitative in nature,that is Africans were highly exploited. It went hand in hand with alienation of Africans (Africans were alienated from their land which was used by the Europeans).

What is a colonial policy?

Colonial policy is a policy of enslavement and exploitation through the military, political, and economic coercion of peoples, countries, and territories—primarily economically less developed ones with populations of another nationality than that of the metropolitan country.

What are the advantages of colonial rule?

Colonialism had many merits. At first, it aimed at enriching the mother country. The wealth that came from the colonies made the mother country prosperous. Secondly, Colonialism contributed for the industrial growth of the mother country.

What is indirect rule in Nigeria?

The indirect rule system was introduced into to Nigeria by L. shares. What is indirect rule? It is a system of administration used by the British colonial government to govern the people through the use of traditional rulers and traditional political institutions.

What are the policies of colonial government?

The main focus of the economic policies pursued by the colonial government was to make India a supplier of raw materials to britain’s industries and make India a market for finished goods that will be imported from Britain.

What was the effect of colonial policies?

Colonialism’s impacts include environmental degradation, the spread of disease, economic instability, ethnic rivalries, and human rights violations—issues that can long outlast one group’s colonial rule.

What is the advantage and disadvantage of colonialism?

But the colonial master’s aim was to exploit the colony economy and move them to their country making the colony depend on them. The disadvantages of colonialism is far more than its advantages, the main advantage is the civilization while the disadvantage is the economic dependent.

Who is the father of indirect rule in Nigeria?

His book, “The Dual Mandate in British Tropical Africa” (1922), not only gained him the award of the Gold Medal of fche Royal Geographical Society, but immediately became a classic, as Lord Athlone said in his address of presentation, when he also spoke of Lord Lugard as “the father of indirect rule”.

How did colonialism affect the economy of Nigeria?

Aspiring Nigerian entrepreneurs, deprived of new economic opportunities, and union leaders, politicized by the strike’s eventual success, channeled their sense of grievance into nationalist agitation.

Why was Nigeria important to the British Empire?

The Colonial Period. Colonies such as Nigeria became part of British imperial expansion that focused on exploiting raw materials, minerals, and foodstuffs important to Western industrial development. Britain tried to encourage tropical export crops in Nigeria and to stimulate demand there for British manufactured goods.

When did Nigeria’s economy start to go multiethnic?

The movement first became multiethnic–although limited to the south–between 1930 and 1944, when the real incomes of many participants in Nigeria’s money economy fell as a result of a deterioration in the net barter terms of trade (the ratio between average export and import prices).

Where did the British trade in Nigeria in 1850?

By 1850 British trading interests were concentrating in Lagos and the Niger River delta.

What are the colonial economic policies in Nigeria? The British colonial industrial policy in Nigeria was largely that of production and exportation of mineral product such as tin, columbite, gold, e.t.c to the British and Europeans factories; and the importation of manufactured goods (Nnoli, 1981:98). What is the colonial economic policy? Through a deliberate policy…