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question 9
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State five features of the colonial economy in Nigeria. |
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Another popular question and well treated by the candidates, although a few could not decode colonial economy and derailed by discussing irrelevant aspects of the colonial rule. In line with the demands of the question, the good candidates stated thus:
- the growth of cash crops was encouraged as well as mining of minerals;
- import and export trade was in the hands of British firms and merchants;
- there was massive importation of foreign goods;
- industries were not established to compete favorably with British home industries;
- the use of British currency as a medium of exchange.
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