Nigerian Politics - PRE-COLONIAL NIGERIAN ECONOMY: DYNAMIC OR STAGNANT?

Introduction It has been viewed by some Eurocentric writers that pre-colonial West African economy was stagnant, subsistence and that it lacked real market status before British colonization. This argument stems from some anthropological perceptions (substantivist stand point) that the main sector of this economy was basically subsistence agriculture, which had been made stagnant as a result of application of simple technology without organized specialization. Production target is said to ensure human existence with little or no exchange as a result of limited output1. To this view, simple and non-industrial region, such as pre-colonial West African societies lacked certain

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