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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
Nigeria and her important dates, 1900-1966. 1966. Day to day events in Nigeria : a diary of important happenings in Nigeria from 1960-1970. 1982. Twenty-one years of independence : a calendar of major political and economic events in Nigeria, 1960-1981. 1982. Institut für Afrika-Kunde; Rolf Hofmeier, eds. (1990). "Nigeria".
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During the mid and late 1980's, Nigeria experienced a prolonged and severe economic downturn. Nigeria suffered a rapid plummet of its foreign reserves from $10 billion in early 1980s to approximately $1 billion in the mid 1980s due to overvalued currency, inflated imports, and international decline of oil prices. [4]
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 ...
The phrase "year of Africa" was also used by Ralph Bunche on 16 February 1960. Bunche anticipated that many states would achieve independence in that year due to the "well nigh explosive rapidity with which the peoples of Africa in all sectors are emerging from colonialism." [2] The concept of a "Year of Africa" drew international media ...
The strike served as a focal point for criticism of British rule of Nigeria. Azikiwe became known for promoting the cause of the strikers. [5] It has been cited as a "turning point" in Nigerian labor relations. [4] An article on the strike in the Journal of the Historical Society of Nigeria declared its main legacy to be "the need for mutual ...