Property reckoning and methods of accumulating wealth among the Ogoni of the eastern Niger delta
This article is a product of research in the Ogoni region of the Niger delta between 1981 and 1991. It analyses an aspect of the pre-colonial economy of Ogoni, which aimed at preserving the proceeds of agricultural production and increasing the wealth of the individual. Agricultural production was not all for subsistence. A substantial proportion was sold off and the proceeds invested in the economy. The article argues that this was possible because the Ogoni were acquainted with the use of an all-purpose currency before the arrival of Europeans. By a method of linguistic analysis it was possible to trace the existence of such an indigenous currency and its spread from the Ogoni area to the rest of the eastern Niger delta and to the greater part of south-east Nigeria. It is shown that the Ogoni were major producers and distributors of large transport and fishing canoes in the eastern Niger delta. A thriving canoe-making industry at Ko on the Imo river, led to a culture of marine transport and distributive long-distance trade through the waterways of the delta and to the island of Equatorial Guinea and to the Cameroons. The conclusion summarises the evidence and drives home the fact that in pre-colonial Ogoni wealth was accumulated and reckoned not by the yardstick of more cash but by the possession of livestock and landed property.