Nigeria’s huge external debt and 1999 Constitution: 2023 in perspective

The time-honoured axiom is that “nothing is small or big otherwise by comparison.” This statement is not only true but applicable to the economic, political, religious and societal developments in Nigeria since it was carved out in Berlin in 1884 for Britain, our colonial masters.

The developmental stages in the history of Nigeria can be divided into four, namely: Nigeria under the British Colonial Masters; Nigeria as an Independent country from October 1960 to January 15, 1966; Nigeria under the Military from 1966 – 1999; Nigeria from 1999 till date.