Founder of the First Nigerian Party.

So here we have the Nigerian naira, nominal – 1. The year of issue of this coin is 2006, mint: Lagos, Nigeria.

Herbert Macaulay was born in Broad Street, Lagos, on 14 November 1864 to the family of Thomas Babington Macaulay and Abigail Crowther. Herbert Macaulay was politician, surveyor, engineer, architect, journalist, and musician and is considered by many Nigerians as the founder of Nigerian nationalism.

Macaulay was one of the first Nigerian nationalists and for most of his life a strong opponent of many colonial policies. As a reaction to claims by the British that they were governing with "the true interests of the natives at heart", he wrote: "The dimensions of "the true interests of the natives at heart" are algebraically equal to the length, breadth and depth of the whiteman's pocket."

In 1908 he exposed European corruption in the handling of railway finances and in 1919 he argued successfully for the chiefs whose land had been taken by the colonial government in front of the Privy Council in London. As a result, the colonial government was forced to pay compensation to the chiefs.

On 24 June 1923, he founded the Nigerian National Democratic Party (NNDP), the first Nigerian political party. The party won all the seats in the elections of 1923, 1928 and 1933. Though, the party's major function was to put candidates into the legislative council, it had a broader objective of promoting democracy in Nigeria, increasing higher Nigerian participation in the social, economic and educational development of Nigeria.