POST COLONIAL UROM

Man is an economic creature and from early times, he has been actively engaged in the business of making a living from his environment1. Over the years, mankind in Uromi and everywhere has built a symbiotic relationship with his earthly home. And this has resulted for him undertaking a diversity of economic activities in his quest for survival; which cumulatively constitute the economy of his nation. Economic development in post-colonial Uromi was largely dependent on the extent to which individual successfully mastered and engaged in these activities, that is, the level of his adept management and exploitation of his environment and its inherent resources. Fittingly, G.A. Petch observes that the word economics is derived from two Greek words: oikos (meaning ‘house’) and nemo (meaning ‘to manage’), which collectively means to manage a house.2 Implicit in this understanding is the fact that, in all societies, the cardinal responsibility of man, as an economic creature, is to effectively manage and harness all the resources found in his environment in order to fully maximize the total utility derivable from them.