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Unfair Wealth-Transfer Effects of the Palm Oil Trade in Nigeria 1868–1959: Illustrative Partial Estimates

In: Accounting for Colonialism

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  • Sue Headlee

    (American University)

Abstract

This chapter describes processes that created excess benefits to the British during the era of British colonialismColonialism in West Africa. The methodological challenge is to measure the transfersTransfer of income and wealth taken wrongfully. First, I present a brief analysis of European penetration of West Africa from the fifteenth to the nineteenth centuries. Then, I address modern economic development, and a case study of the palm oilPalm oil trade in NigeriaNigeria from 1830 to 1914. I argue that four unfair enrichments went to the British at the expense of the Nigerians in the nineteenth century, and that another four unfair enrichments occurred in the twentieth century. Finally, I quantify the extent of this unfair wealth transferTransfer.

Suggested Citation

  • Sue Headlee, 2023. "Unfair Wealth-Transfer Effects of the Palm Oil Trade in Nigeria 1868–1959: Illustrative Partial Estimates," Springer Books, in: Richard F. America (ed.), Accounting for Colonialism, chapter 0, pages 105-121, Springer.
  • Handle: RePEc:spr:sprchp:978-3-031-32804-6_6
    DOI: 10.1007/978-3-031-32804-6_6
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