Nigeria: Experience with Structural Adjustment
April 4, 1997
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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
Pages:
114
Volume:
1997
DOI:
Issue:
002
Series:
Occasional Paper No. 1997/002
Stock No:
S148EA0000000
ISBN:
9781557756305
ISSN:
0251-6365
