Economy and the Market
The market as an economic, social and political institution, the four-day cycle, women's control of trade and what it bought them, guilds, esusu credit, family land, apprenticeship and the cocoa century.
The market as an economic, social and political institution, the four-day cycle, women's control of trade and what it bought them, guilds, esusu credit, family land, apprenticeship and the cocoa century.
The Yorùbá wey dem quote, the proverbs, oríkì, ẹsẹ Ifá, word list headwords, Odù names and citations dey exactly as the corpus record dem, for every language.
Di market, ọjà, na di institution wey Yoruba society take do most of dia business wey no be inside house matter, and e no be only economic institution at all. Na there goods dey move, na there news dey travel, na there dem dey settle dispute for public, na there political mobilisation dey happen, na there women hold formal office, and na there town take dey carry on dia relationship with dia neighbours. Di market dey physically for front of palace, so dat di market and di seat of government occupy one continuous space . To understand Yoruba society, pesin must take di market seriously as political institution instead of just place wey economics dey happen.
Di historical narrative of Yoruba economy, im agriculture, iron, cloth, glass, cowrie money and long-distance trade route dem, dey covered inside History: Economy, Craft and Trade. Dis file dey look di market and di institutions wey follow am as social organisation.
Every town wey get weight get dia ọjà ọba, wey be king market, for front of palace, together with smaller neighbourhood markets and ọjà alẹ́, wey be night market. Where dem put di market na very important fact. Onadeko point out say di marketplace or palace serve as court ground, and na why di market always dey for front of palace . Pesin wey dey market dey inside di space where dem dey exercise ọba's authority, where dem dey hear cases for public, and where di town dey gather. Dem no separate business from government; e dey right for front of im door.
Di word get plenty weight for Yoruba thought reach say na im dey structure di proverb wey dem dey quote pass about human life, ayé lọjà, ọ̀run nilé, say di world na market and di otherworld na home, wey dem treat with all im complete translation inside History: Economy, Craft and Trade. Wetin matter for here na wetin di metaphor assume: say di market na di most direct image of crowded, purposeful, temporary activity wey any listener go easily understand.
Market dem dey run on fixed rotation, mostly every four days, with neighbouring towns staggered so dat trader fit follow di circuit and no two market wey close to each other go dey compete on di same day. Eight-day and sixteen-day cycles also dey documented for different places, and na multiples of di same four-day unit dem be.
Di commercial logic clear well well: staggered cycle dey concentrate buyers and sellers on one single day for each place, wey make small rural market full enough to function, and e dey allow specialised traders move goods between complementary areas. Di result, and di reason why dis one belong to social file instead of just economic one, be say di four-day cycle na also di ritual week at di same time. Di same four-day unit wey dey organise trade dey organise worship too, since each day of di traditional week connect to particular òrìṣà and dia rituals. Market day, festival day and di ritual week na one single calendar, no be three, and dem treat dis inside Time and the Calendar.
Yoruba women dominate market trading well well, and dis domination no just happen by chance for dia social position, na im form am. Precolonial Yoruba market women na travelling traders wey get strong presence across towns and villages, and dat legacy continue enter twentieth century where colonial condition reshape di whole terrain .
Three things follow from how women control trade, and e good make dem separate dem.
Independent capital. Married woman dey trade for her own account and keep her profit. Family money no be one general pot, and dem frequently expect wife make she provide for herself and her children from her own trade. Dis one mean say Yoruba wife economic position no be say she depend on husband money like how nineteenth-century European wife dey depend, and na dis be di material basis for everything else for dis section.
Formal office. How women take control trade come become formal institution inside chieftaincy titles wey get real jurisdiction, like di Ìyálọ́jà wey dey over market and di Ìyálóde wey dey over women trade generally with seat for town council, wey dem treat inside Gender. Dis offices na regulatory office: dem dey share stalls, set rules, settle traders dispute, and carry traders position go meet di ọba.
Political leverage. Because di market na like di blood-pumping system of di economy, organised group of traders fit shut am down. Oladejo work on Ìbàdàn market women show say dem be active political mobilisers wey do different different political action during decolonisation, with leaders wey fit influence voters inside and outside di market dem . Di general way e take dey work be say Yoruba market women fit open and close whole market to protest or force local politicians make dem listen to dem . Dis power na real power wey dem use many times, and di Abẹ́òkúta women revolt of 1946 to 1949 na di most famous example where dem use am.
Wetin e no cover, e good make pesin talk am too. Say women control trade no mean say dem control land proportionally, or chieftaincy generally, or di colonial and post-colonial state. Colonial administration deal with male chiefs and small-small push di women side of di dual-sex structure to di side, and how expatriate and Lebanese firms take enter wholesale distribution for twentieth century come reorganise trade pass di level where women dey operate . Di authority real, and e also get boundary.
Ẹgbẹ́ na di general Yoruba word for organised association, and e cover different institutions: age-grade group, craft guilds, trade associations, cult groups and social clubs. Di common things between dem be say members know each other, dem dey choose leaders from among themselves, meet regularly to discuss common interest and help each other with material things .
Craft guilds na dem be di occupational form. Because compound dem dey frequently specialize for one craft, wey dey pass along di lineage together with land and name, one ẹgbẹ́ of practitioners na mostly association of related compounds. Guilds dey set standard, dey control who dey enter through apprenticeship, dey regulate price and competition among members, dey settle dispute internally, dey maintain di ritual obligations of di craft to dia òrìṣà (blacksmiths to Ògún, hunters to Ògún and Ọ̀ṣọ́ọ̀sì, diviners to Ọ̀rúnmìlà), and dem dey represent di trade give di ọba. Guilds dey operate as closed professions with central control and hierarchy of apprentice, journeyman and master, with masters wey dey take economic and quasi-parental responsibility to train apprentices .
Dia political weight na formal one instead of informal: Onadeko record say di Abẹ́òkúta court for late nineteenth century include representatives of traders guilds alongside Ògbóni dignitaries, war leaders, women leaders, hunters and di chief Ifá priest . Occupational associations get seats for where dem dey make judgment.
Èsùsù na di Yoruba rotating savings and credit association, and na one of di institutions wey get di strongest claim say e travel with Yoruba diaspora and survive intact.
How e dey work. Group of people dey contribute fixed, equal sum at fixed intervals, wey fit be daily, weekly or longer, and dem dey carry di whole pool give one member each cycle in rotation, until everybody don receive am once, at which point di cycle fit start again . Di order of receipt na by ballot or by consensus . Nobody dey pay interest and nobody dey earn any. Member wey receive early don effectively take loan wey no get interest wey e dey pay back by continuous contribution; member wey receive late don effectively make deposit wey no get interest.
Di 1952 study wey Bascom do na di foundational scholarly work, and wetin e main observation be na say di èsùsù get elements wey resemble credit union, insurance scheme and savings club even though e distinct from all of dem . Dat one correct exactly, and na why e hard to describe di institution with banking vocabulary: e dey solve di savings problem, di credit problem and di commitment problem all at once.
Wetin dey hold am together. How to enforce am na di interesting question, since collateral no dey and legal recourse no dey. Di system dey operate outside formal legal and financial systems and dey function on oath of allegiance and mutual trust . Dat one na only half of di answer. Di oda half na say membership dey come from people wey already get ongoing relationships wey dem no fit afford to lose, inside compound, market, trade or congregation, so if person default, di social cost pass di money involved far far. Di institution dey run on di same reputational machinery wey dey run di rest of Yoruba social life, wey be di connection to Values and Social Ethics in Practice.
Di urban variant. For di urban form, àjọ, professional collector, di alájọ, dey visit contributors on regular round, dey keep records, dey take small commission, and fit deposit funds inside bank accounts, wey dey create bridge between informal and formal financial systems . Di alájọ na person wey genuinely notable: deposit-taker wey no get collateral, no get license, wey dey operate at scale on reputation alone.
Why e still dey. E still dey widely used despite say formal microfinance dey, because e no get interest, e fit daily cash flows, di cost of credit less pass di formal alternative, and e dey reach people wey banks exclude, particularly low and middle income earners . Women dey participate pass men .
Di diaspora. Di institution travel with enslaved Yoruba people and dia descendants, and record dey about am for Caribbean, where dem know am as partner for Jamaica and by oda names elsewhere, and inside North American cities where migrants establish contribution societies . Di scholarly treatment of di translocation to Anglophone Caribbean dey inside Dialectical Anthropology . Nigerian and West African communities across Europe and North America dey run èsùsù today under dat name and odas. Dis na one of di most concrete demonstrations available say wetin cross Atlantic no be only religion, but functioning social technology, and e belong alongside di material inside section 08.
Na families and communities dey hold land rather than individuals, and communal and family ownership na di two prominent and undisputed holding concepts . Di lineage hold land; members receive allocations to farm; di person wey hold di allocation no fit sell am because no be im own to sell.
Na family head, most commonly di eldest son, dey administer family land, and na im dey allocate portions to members, collect rents where dem let land out, and account for dem . E no fit validly alienate family land if e act alone, wey be di rule wey dey generate most Nigerian land litigation. Di purpose of di arrangement dey clear once you see lineage as body wey dey continue indefinitely: dem dey hold land for di unborn as much as for di living, and rule wey permit di current generation to sell am go allow one generation dispose of every future one dia inheritance.
Di rule don change since dat time. Land under customary law originally na wetin pesin no fit alienate, and for some places dem treat am as sacred by itself, but now e fit dey alienated by sale, gift, pledge, loan and partition, change wey Nigerian courts recognize as example of customary law im own flexibility . Di Land Use Act of 1978 come vest all land inside each state inside di governor hand to hold in trust, converting existing holdings into rights of occupancy, without in practice extinguishing customary landholding inside south . Dem treat both further inside Law and Dispute Resolution.
Dem dey organise work through lineage and through reciprocal work groups, ọwẹ̀, where group go work for one member farm and dem go give dem food and entertainment, and im self go work for their own turn by turn. Dem suppose separate Ọwẹ̀ carefully from the work of ẹrú, people wey dey under servitude, wey colonial-era descriptions frequently join together.
Dem dey pass craft skill down through apprenticeship, and na institution wey person still fit recognise for Nigeria today. Dem dey place pikin with master, mostly through family or guild connection, for some years. The master go give the apprentice food, house, and training; the apprentice go work without salary; and when the time complete, freedom ceremony go release am make e fit dey practice on im own, often with tools or small money to take start. Diviners, weavers, potters, blacksmiths, wood-carvers, and stone-workers, all of dem learn work through this way . How Yoruba people take frame the relationship, ọmọ iṣẹ́, wey mean "child of the work" for literal sense, clear well well about im character: the apprentice dey enter the master house as junior member, and the master dey take quasi-parental responsibility join the economic one .
The advantage and the abuse of the system both come out from that framing. E dey pass tacit skill well well because the apprentice dey live inside the practice, and e dey produce practitioners wey dey inside guild wey go regulate dem. E still dey put pikin under near-total control of adult wey no be im relative for years without pay, and where family connection no strong, e easy make dem exploit the arrangement. Dem document both of dem, and the same tension dey show inside child fostering, wey dem treat for Marriage and Family.
Apprenticeship as way to pass knowledge, including for diviners and healers where wetin dem dey learn na esoteric matter instead of handwork, dem treat am for Education and Knowledge Transmission.
The twentieth-century transformation of Yoruba economy run on cocoa. Dem introduce cocoa around late nineteenth century, e spread through Yoruba forest belt for early twentieth century, and e turn the export crop wey Western Region revenue, plus Awólọ́wọ̀'s free education and infrastructure programmes, take stand. That political story dey inside History: The Twentieth Century.
Im social consequences dey here.
E bring money enter countryside and create individual wealth outside lineage. Man wey get cocoa farm get source of income wey be im own, produced by tree crop wey im plant, on top land wey im status as lineage land now need reconciliation with permanent improvement wey one member make. Tree crops na the sharpest test for land tenure system wey dey based on allocation instead of ownership, because cocoa tree dey take years before e bear fruit and e dey last for decades, so the planter need security wey allocation model no dey straightforwardly give. Plenty of twentieth-century Yoruba land litigation come out from this exact matter.
E bring large-scale internal migration. Cocoa pull farmers from drier and more crowded northern Yoruba areas enter forest zone, wey bring plenty resettlement, tenancy, and stranger-farmer arrangements, and e create communities of migrants wey dey live under the authority of towns wey no be their own. Urban migration wey follow enter Ìbàdàn and Lagos speed up for that same period. Colonial commercial reorganisation pack business districts put for Ìbàdàn around Dugbe, Ogunpa, and Old Gbagi market, wey railway make stronger as e dey bring imported goods and textiles enter inland .
E change the structure of trade above the traders. The colonial commercial system put foreign companies and, for the Ìbàdàn case wey Oladejo document, Lebanese traders into wholesale distribution, so that Yoruba market women come dey operate more and more as retail end of one chain wey dem no control the top levels . The women economic institutions survive; but their position for the full structure of trade no remain unchanged.
E make the economy depend on only one commodity price. The crash of cocoa prices, the marketing board system wey tax producers by paying dem below world prices, and how oil revenue come displace agriculture for Nigerian economy from 1970s go front, all of dem land on top Yoruba rural economy wey dem don reorganise around single export. The rural decline and the acceleration of urban migration wey follow na the direct background to the contemporary situation wey dem treat for Contemporary Yoruba Society.
Oyeronke Oyewumi's argument that gender was not the primary organizing category of Yoruba society, the serious criticisms of it, and the documented record of women's authority.
The Yoruba court hierarchy from the compound to the palace, how evidence and oaths worked, why the aim was restoration rather than blame, and what the colonial and Nigerian legal systems did to all of it.
The four-day week and its orisa, the lunar month and the thirteen-month year, how festivals were dated, and how a four-day week now coexists with a seven-day one.
How knowledge was taught and preserved before schools existed, the memorization systems, the specialist knowledge classes, initiation as pedagogy, and what mission and colonial schooling replaced.
Farming, iron, cloth and glass; the market system and the women who ran it; cowrie money; and the routes that tied Yorubaland to the Sahara and the Atlantic.
An examination of the Yoruba market as a nexus of civic governance, trade regulation, female political authority, and sacred civic peace.