Showing posts with label Nnewi. Show all posts
Showing posts with label Nnewi. Show all posts

Saturday, November 24, 2018

Of Nnewi and a Resourceful Igbo Town


(By Eromo Egbejule) – The Small Town Of The Super Rich 

Shortly before Nigeria’s independence in 1960, Louis Odumegwu Ojukwu, reportedly Nigeria’s first black billionaire, and founding president of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II. The royal honor came after he helped the British during World War II with his fleet of trucks. He was so wealthy that during the Queen’s visit in 1956, she was chauffeured around in his Rolls-Royce – apparently the only one in the country at the time – on the request of the colonial administration.

Profiled in September 1965 by TIME magazine, Ojukwu made his money by importing dried fish for resale, and diversifying into textiles, cement and transport. When he died a year later, his wealth was an estimated $4 billion in today’s economic value.

His son, Chukwuemeka, who also ended up a billionaire, returned from Oxford University at 22 with a master’s degree in history and led his fellow Igbos into the Nigerian civil war as head of the secessionist state of Biafra in 1967.

Nnewi, Nkwo Market, and Biafran War


(By Azuka Onwuka) – How the Civil War aided Nnewi’s Industrial Transformation 

Before the 1966 pogrom against the Igbo and indigenes of the former Eastern Nigeria, Nnewi in Anambra State was under the shadow of Onitsha. The markets in Nnewi were like the typical Igbo markets that were in session every four days, depending on which name each market bore. The Nkwo Market, which was situated at the centre of the town, was in full session every Nkwo day, even though some isolated traders could sell some petty things, especially food items, on other days. Anybody who wanted to buy anything of substance went to Onitsha, some 20 kilometres away.

On religious matters, the Anglican Church and the Roman Catholic Church (the two big churches in Nnewi) had their diocesan headquarters in Onitsha. So, the bishops resided in Onitsha and were seen occasionally in Nnewi. To travel to any part of Nigeria from Nnewi, one had to get to Onitsha first. If the trip was to the North or West, one had to cross over by boat to Asaba (before the construction of the Niger Bridge in 1965). But after the bridge was constructed, Onitsha became the connecting city to other parts of Nigeria for most towns and villages in the current Anambra State.