Financial analyst Kalu Aja said that Nigeria’s economy was stronger during British colonial rule in the 1950s than it was following independence in 1960.
On Saturday, Aja revealed this in a statement on his X account.
He bemoaned the disappearance of Nigeria’s agricultural wealth, including groundnuts, palm oil, cocoa, and other commodities, following the post-independence era under the leadership of the country’s most populous president, Bola Ahmed.
He said that colonial rulers’ leadership was responsible for the pre-independence prosperity of Nigeria’s agriculture industry and other industries.
It’s unsettling to hear because it’s accurate.
Everyone is aware that Nigeria was a global agricultural powerhouse in the 1950s, not only for yams but also for foreign exchange cash crops like groundnuts (ranked second worldwide), palm oil (ranked third worldwide), and cocoa (ranked third worldwide).
“What transpired following independence? Where are the palm plantations and groundnut pyramids now?
He posted on X, “The truth is that those sectors prospered because of Oyibo; everything decayed when Oyibo left.”
According to the National Bureau of Statistics, the inflation rate in December 2025 was 15.15 percent, yet Nigerians are still struggling financially due to high living expenses.
Tinubu’s administration, however, maintained that the nation is headed toward recovery and expansion.
