The discovery of oil in Nigeria, first in Oloibiri, in the Niger-Delta, south-south region of the country in 1956 has re-shaped the destiny of the country.
Before this discovery, Nigeria’s economic survival largely depended on Agriculture chiefly cocoa from the western and groundnut from the northern part of the country. It is remarkable that at this time, Nigeria ranked second only to Ghana then known as the Gold coast in terms of production of cocoa. There was also the production of palm kernel from which palm oil was derived. In fact Nigeria took off with a country like Malaysia which is far ahead of country (Nigeria) in terms of development.
By 1960, when
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