Economic History and Socio-Economic Prospects in Esanland, Nigeria: Options for Indigenous and Foreign Investors

Dawood Omolumen Egbefo

ABSTRACT


Abstract
This paper concisely presents economic history and socio-economic investment opportunities in Esanland (kingdoms) using the descriptive and historical research approach. The drive for this study is rooted on the fact that most indigenes of Esanland unrelentingly migrate from their own land that naturally endowed with resources leaving wealth behind to search for greener pastures in foreign lands that do not have such opportunities. Based on that do not have such opportunities. Based on primary and secondary data assessment, the reflection of the economy of Esanland nineteen years ago compared to her present economy shows Esanland is presently at a take-off stage of development and hitherto mining and agricultural potentials of Esan community is scarcely being tapped. What this significantly indicates is that this is the right time to come on Esanland in the areas of new productivity gains, resources cost benefits export performance advantage, allocative efficiency and externally benefits and high-tech spill over gains are realized. This is more so as Esan community is gradually emerging and hence the need for expenditure on social and economic infrastructure, innovative products, industrial projects etc. cannot be over emphasized.
Keywords: Esanland, economic history, indigenous investment, foreign investment, Edo State