Economic History of Nigeria, 1860-1960

Contents
List oftables
List offigures
Foreword by Professor Peter i\\1athias Preface
PART I: INTRODUCTION
I An introduction to Nigeria
page xi XV xvii X X I
Population, 5; Historical background, 8; Political changes, 12; The national economy, 15
2 An outline of pre-I86o foreign contacts and their effects 2I
The trans-Saharan trade, 21; Regular Europea11 maritime contacts, 24; The slave trade, 28
Social and economic conditions by I86o 37 The indigenous social and political stmctHre, 37; The fiscal system, 38; Agriwltural production, 39; Local i11dustries and crafts, 41; The problems ofexcha11ge, 46; Transport and corn- rrmnicatioll, 46; Commodity-currencies, 48; Local trade, 49;
Foreign trade, 50
PART 2: THE FIRST BRITISH FOOTHOLD I860-I900
4 General survey 57 Political der,elopments, 6o; Tire church missions and educatiorr,
64; The fiscal system, 65
The foundation of modern commerce 70
Transport and cornrrumicatiorr, 70; Agriculture arrd minirrg, 79; Money, currency arrd barrking, 84; Foreigrr trade, 88 viii Contents
PART 3: THE COLONIAL PERIOD TO 1945
9
IO
I I
I2
13
14
15
6
7
General survey
Political developments, 104; Fiscal policy, 106; Economic conditions and policy, 1 17
Transport and communications
Inla11d waterways, 128; Government marine services, 130; Railways, 134; Roads a11d road transport, 142; Rail-road competition, 147; Air transport, 149; Ocean shipping, 151; Communicatiotls, 154
Agricultural developments
Palm products, 1 62; Cocoa, 167; Cotton, 169; Other products, 171; Livestock, 173
Modem industrial production
The extractive industries, 176; The non-extractive industries, 185
Money, currency and banking
Money and wrreucy, 187; Banking, 192
Foreign trade
The export trade, 197; The import trade, 209; Competition in foreign trade, 217
PART 4: THE MODERN ECONOMIC REVOLUTION I946-6o
General survey
Political changes, 226; Economic planning, 229; The fiscal system, 233; Development institutions, 244
Transport and communications
Inla11d waterways, 253; Railways, 257; Roads, 264; Air tra11sport, 269; Ocea11 shipping, 272; Post and telegraphs, 274
Agricultural production and the marketing boards
Oil palm products, 281; Cocoa, 282; Cotto11, 283; Ground- mlts, 284; Rubber, 284; Agricultural research, 285; The marketing boards, 286
Industrial development
Business incentives, 295; Industrial establishments, 299; Industrial production and the Nigerian economy, 31 o
 16 Money, currency and banking
Money and wrrency, 313; Commercial banking, 316; The central bank, 324; The Stock Exchange and the Nigerian money market, 326
17 Foreign trade
The export trade, 330; The import trade, 335; Trade balance and the terms oftrade, 341; Trade competition, 343
PART 5: LIFE, LABOUR AND SOCIETY
IB The impact of development on the society
Health and population, 349; Education, 356; Labour, 360; The co-operative movement, 376
19 Epilogue: the post-independence years to 1972
Philosophy on economicgrowth, 383; The political economy of sectoral participation, 385; The national development plans, 388; Economic indicators, 397
Statistical appendix Bibliography