Nigeria’s Public Policy Gambles

Nigeria’s Public Policy Gambles …C0NTINUE READING HERE >>>

In July 1986, Nigeria’s military president, General Ibrahim Babangida, launched a public policy initiative hailed as the silver bullet for Nigeria’s distressed economy: the Structural Adjustment Programme (SAP). A local adaptation of an IMF/World Bank initiative, SAP was intended to stabilise the economy. However, within a year of its implementation, the programme had left a trail of hunger, industry closures, unemployment, and acute poverty. Instead of achieving its objectives, SAP…

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