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The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [1] The pre-colonial period covers the longest the part of Nigerian history. The colonial period covers a period of 60 years, 1900-1960 while the independence period dates from October 1, 1960.
July 1960 - Adesoji Aderemi became 1st African to be appointed governor in the Commonwealth; October 1, 1960 - Nigerian Independence Day; October 1, 1960 - Tafawa Balewa became prime minister; October 1, 1960 - Sir James Robertson (1899 - 1983) became governor-general. November 16, 1960 - Nnamdi Azikiwe (1904–1996) became governor general
The period between 1 October 1960, when the country gained its independence and 15 January 1966, when the first military coup d’état took place, is also generally referred to as the First Republic. The first Republic of Nigeria was ruled by different leaders representing their regions as premiers in a federation during this period.
A British Order-in-Council enacted Nigeria's first constitution as a sovereign state. It came into force upon the country's independence on 1 October 1960. Under this constitution, Nigeria retained Queen Elizabeth II as titular head of state, Queen of Nigeria. Nnamdi Azikiwe represented the queen as Governor-General. [13]
The country is also well connected to international financial markets and following the 2016–17 oil crisis, the country has seen an increasing influx of foreign capital over the past 12–18 months – capital importation in Nigeria jumped to US$6.3 billion in Q1–18 (594% yoy growth) vs. $12.3 billion for full year 2017 and $5.1 billion in ...
Pages in category "1960 in Nigeria" The following 3 pages are in this category, out of 3 total. This list may not reflect recent changes. ...
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Nigeria's Independence Day, often called October First, is a public holiday observed annually on 1 October to commemorate the country's declaration of independence from British rule in 1960. This milestone marked the end of over sixty years of colonial governance and the emergence of Nigeria as a self-governing constitutional monarchy within ...