Nigeria: Experience with Structural Adjustment

April 4, 1997

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Format: Chicago

Nigeria: Experience with Structural Adjustment, (USA: International Monetary Fund, 1997) accessed September 18, 2024

Summary

Over the past two decades, Nigeria has not reaped fully the benefits of its national wealth despite its efforts at structural adjustment. This paper concludes that the facts do not justify the negative image that structural adjustment has had in Nigeria. Vigorous market reforms and tight financial policies had resulted in economic growth and employment expansion, but they were abandoned too soon to have sustained benefits.

Subject: Agricultural commodities, Commodities, Demand for money, Exchange rates, Expenditure, Exports, Foreign exchange, Inflation, International trade, Prices, Public investment spending

Keywords: Agricultural commodities, Demand equation, Economy, Exchange rates, Expansionary fiscal policy stance, Exports, Inflation, Oil economy, OP, Public investment spending, Reform effort, Savings-investment balance, Sub-Saharan Africa, U.S. dollar, West Africa

Publication Details

Pages:

114
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1997/002
Stock No:

S148EA0000000
ISBN:

9781557756305
ISSN:

0251-6365

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