Today we take a look back on how Nigeria as a country began it existence, colonial , amalgamation era and also how it was sold to the British for the sun of 865000£ pounds, 17billion nairawhen converted to the present day.
The second industrial revolution which put Britain at the forefront of technological development necessitated a huge demand for palm oil which was necessary to power industrial machines. The Niger Delta region was the world’s leading producer of this much south-after oil. The demand for palm oil and its supply was at first uncoordinated with local farmer selling to the highest bidders. Tribal leaders especially those who were former slaves who had dealings with the Europeans were influential and became wealthy due to the oil trade.
The Europeans were however at loggerhead as to which country would have preferential access to the palm oil. The formation of the United African Company by George Go

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http://www.gist24.com.ng/2016/07/how-nigeria-was-sold-to-britain.html

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