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Established in 1956, 63 years after, there is a place and a market in Cross River State, Nigeria that still practice ‘Trade by Barter’… Read full story at

Following the beginning of civilisation and the abolishment of ‘Trade by Barter’ also known as ‘Barter Trade’ in 1956 in Nigeria, the People of Akpabuyo, a local government area in Cross River State still practice the culture of exchanging goods for goods and services for services after 63 years.

Trade By Barter (Barter Trade) according to economics is ‘is simply an act of trading goods and services between two or more people without the use of money. Trade by Barter is sometimes referred to as Barter System. Barter is a form of trading in which goods are exchanged directly for other goods, or used as a medium of exchange, without the use of money.’

Before money became the means of exchange for goods and services, bartering is said to have thrived in Africa just before the partition of Africa that led to colonialism. Intriguingly, today trade by barter still thrives in Nigeria in 2019.

The practice is dated back as far as 6000 BC, and was introduced by Mesopotamia tribes. Bartering was later adopted by Phoenicians in the same people. The system was discontinued in the 21st century when the need for money arose. Mean while in this part of Nigeria, the custom was said to have been overhauled by money in 1956 after a long colonial rule along the costal region of Africa by the Europeans.

Source: calabarreporters.com

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