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Monopolization, Exploitation, Business Disruption, Loss of Profits, and Unjust Enrichment—Siphoning the Benefits from Trade—The Case of Nigeria

In: Accounting for Colonialism

Author

Listed:
  • Eboh C. Ezeani

    (University of the District of Columbia)

Abstract

This paper presents a story of how economic resources were siphoned from NigeriaNigeria to the U.K. and to some other European countries through asymmetrical and unequal trade. The thesis is as follows 1. The pattern of trade which developed between Nigeria and Great Britain from the middle of the nineteenth century, and which continued until 1966, was “asymmetrical” and “unequal.” 2. The surplus from the trade was primarily appropriated by Great Britain, by other Europeans, and non-Europeans, and 3. The surplus was spent in activities having few or no linkages with Nigerian economy and, hence greatly contributed to the underdevelopment of Nigeria during this period.

Suggested Citation

  • Eboh C. Ezeani, 2023. "Monopolization, Exploitation, Business Disruption, Loss of Profits, and Unjust Enrichment—Siphoning the Benefits from Trade—The Case of Nigeria," Springer Books, in: Richard F. America (ed.), Accounting for Colonialism, chapter 0, pages 169-194, Springer.
  • Handle: RePEc:spr:sprchp:978-3-031-32804-6_8
    DOI: 10.1007/978-3-031-32804-6_8
    as

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